Profund Advisors LLC Trims Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Profund Advisors LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 12.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 65,398 shares of the semiconductor company’s stock after selling 8,993 shares during the period. Profund Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSM. JB Capital LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% during the second quarter. JB Capital LLC now owns 5,126 shares of the semiconductor company’s stock valued at $419,000 after acquiring an additional 116 shares during the last quarter. Heritage Wealth Advisors boosted its stake in shares of Taiwan Semiconductor Manufacturing by 53.4% during the second quarter. Heritage Wealth Advisors now owns 359 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 125 shares during the last quarter. Zions Bancorporation N.A. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 29.2% during the first quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 135 shares during the last quarter. StrategIQ Financial Group LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.0% during the second quarter. StrategIQ Financial Group LLC now owns 3,746 shares of the semiconductor company’s stock valued at $306,000 after acquiring an additional 145 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 27.0% during the second quarter. FinTrust Capital Advisors LLC now owns 691 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 147 shares during the last quarter. 16.79% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 2.8 %

Shares of NYSE:TSM traded down $2.69 during mid-day trading on Wednesday, hitting $91.87. 6,095,306 shares of the company traded hands, compared to its average volume of 15,862,813. The firm has a market cap of $476.47 billion, a P/E ratio of 14.41, a PEG ratio of 0.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.22 and a current ratio of 2.49. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $59.43 and a 52-week high of $128.66. The firm’s 50 day simple moving average is $80.72 and its 200 day simple moving average is $78.35.

Taiwan Semiconductor Manufacturing Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 13th. Investors of record on Friday, March 17th will be issued a dividend of $0.3392 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $4.07 annualized dividend and a dividend yield of 4.43%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 21.49%.

Analysts Set New Price Targets

TSM has been the topic of several recent analyst reports. The Goldman Sachs Group downgraded Taiwan Semiconductor Manufacturing from a “conviction-buy” rating to a “buy” rating in a research report on Thursday, October 13th. TheStreet downgraded Taiwan Semiconductor Manufacturing from a “b-” rating to a “c+” rating in a report on Friday, November 4th. StockNews.com initiated coverage on Taiwan Semiconductor Manufacturing in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Cowen cut their price objective on Taiwan Semiconductor Manufacturing to $75.00 in a report on Thursday, October 20th. Finally, Erste Group Bank upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, November 18th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.00.

Taiwan Semiconductor Manufacturing Company Profile

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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, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

Further Reading

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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