Profund Advisors LLC Sells 5,720 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Profund Advisors LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 12.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,062 shares of the semiconductor company’s stock after selling 5,720 shares during the period. Profund Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,311,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. Olistico Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. NewSquare Capital LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. Finally, First Community Trust NA bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $33,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $174.08 on Friday. The stock’s 50 day moving average is $167.03 and its 200 day moving average is $158.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The firm has a market cap of $902.85 billion, a P/E ratio of 33.16, a P/E/G ratio of 0.99 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 earnings per share. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 36.95%.

Analysts Set New Price Targets

TSM has been the topic of a number of recent analyst reports. Susquehanna reiterated a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Needham & Company LLC lifted their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Check Out Our Latest Research Report on TSM

Taiwan Semiconductor Manufacturing Company Profile

(Free Report)

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.

Further Reading

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report).

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

Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.