M&G Investment Management Ltd. Lowers Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) The Cerbat Gem

January 8, 2022
MediaIntel.Asia

M&G Investment Management Ltd. cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 316,677 shares of the semiconductor company’s stock after selling 6,599 shares during the period. M&G Investment Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $35,468,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of TSM. Meitav Dash Investments Ltd. raised its position in shares of Taiwan Semiconductor Manufacturing by 10.7% in the second quarter. Meitav Dash Investments Ltd. now owns 265,020 shares of the semiconductor company’s stock valued at $31,846,000 after buying an additional 25,590 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 129.8% in the second quarter. Meeder Asset Management Inc. now owns 1,721 shares of the semiconductor company’s stock worth $207,000 after acquiring an additional 972 shares during the last quarter. Madison Asset Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 0.5% in the second quarter. Madison Asset Management LLC now owns 60,966 shares of the semiconductor company’s stock worth $7,326,000 after acquiring an additional 324 shares during the last quarter. Cedar Wealth Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 95.8% in the second quarter. Cedar Wealth Management LLC now owns 789 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 386 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 7.3% in the second quarter. O Shaughnessy Asset Management LLC now owns 93,312 shares of the semiconductor company’s stock worth $11,212,000 after acquiring an additional 6,310 shares during the last quarter.
TSM has been the topic of a number of research analyst reports. Susquehanna reissued a “hold” rating and set a $130.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Monday, November 22nd. Cowen initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 11th. They set a “market perform” rating and a $120.00 target price on the stock. Susquehanna Bancshares reiterated a “hold” rating and issued a $130.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, November 22nd. Finally, Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, September 16th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $133.01.
Shares of NYSE TSM opened at $123.50 on Friday. The firm has a market cap of $640.48 billion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 1.80 and a beta of 0.90. The company has a current ratio of 2.09, a quick ratio of 1.81 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $107.58 and a 1-year high of $142.20. The business’s 50 day moving average is $120.05 and its 200-day moving average is $117.71.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 14th. The semiconductor company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.03. Taiwan Semiconductor Manufacturing had a return on equity of 29.08% and a net margin of 37.93%. The firm had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.89 billion. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.16 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 14th. Stockholders of record on Thursday, March 17th will be issued a $0.3911 dividend. The ex-dividend date is Wednesday, March 16th. This represents a $1.56 annualized dividend and a dividend yield of 1.27%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 39.85%.
Taiwan Semiconductor Manufacturing Profile
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
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