M&G Investment Management Ltd. Sells 6,599 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Watch List News

January 8, 2022
MediaIntel.Asia

M&G Investment Management Ltd. cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 reporting period.
Other large investors have also recently modified their holdings of the company. American National Bank bought a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at about $25,000. Albion Financial Group UT bought a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $28,000. Activest Wealth Management raised its position in shares of Taiwan Semiconductor Manufacturing by 225.0% during the 3rd quarter. Activest Wealth Management now owns 247 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 171 shares during the period. Magellan Asset Management Ltd purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $37,000. Finally, Herold Advisors Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $44,000.
Get Taiwan Semiconductor Manufacturing alerts: NYSE TSM opened at $123.50 on Friday. The business has a 50 day moving average price of $120.05 and a two-hundred day moving average price of $117.71. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $107.58 and a fifty-two week high of $142.20. The stock has a market cap of $640.48 billion, a PE ratio of 31.35, a P/E/G ratio of 1.80 and a beta of 0.90. The company has a quick ratio of 1.81, a current ratio of 2.09 and a debt-to-equity ratio of 0.23.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results 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 for the quarter, compared to analyst estimates of $14.89 billion. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 14th. Stockholders of record on Thursday, March 17th will be paid 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 dividend payout ratio (DPR) is currently 39.85%.
Several analysts have weighed in on TSM shares. 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. Cowen started coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 11th. They issued a “market perform” rating and a $120.00 target price for the company. Susquehanna reaffirmed a “hold” rating and set a $130.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, November 22nd. Finally, Susquehanna Bancshares reissued a “hold” rating and set a $130.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, November 22nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $133.01.
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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