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

Profund Advisors LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,062 shares of the semiconductor company’s stock after selling 5,720 shares during the quarter. Profund Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,311,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $108,160,000. Trexquant Investment LP acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $2,750,000. CreativeOne Wealth LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 23.6% in the 4th quarter. CreativeOne Wealth LLC now owns 3,345 shares of the semiconductor company’s stock valued at $348,000 after buying an additional 638 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 37.0% in the 4th quarter. King Luther Capital Management Corp now owns 6,495 shares of the semiconductor company’s stock valued at $675,000 after buying an additional 1,754 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 28.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 178,297 shares of the semiconductor company’s stock valued at $18,543,000 after buying an additional 39,550 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 1.2 %

TSM opened at $174.08 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $193.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The company has a market capitalization 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. The stock has a fifty day moving average of $167.03 and a 200-day moving average of $158.00.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 36.95%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSM. Sanford C. Bernstein increased their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Finally, Susquehanna reaffirmed a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Profile

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.