Taiwan Semiconductor Manufacturing Company Ltd. $TSM is Avenir Tech Ltd’s 7th Largest Position

Avenir Tech Ltd lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 71.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,900 shares of the semiconductor company’s stock after selling 50,500 shares during the period. Taiwan Semiconductor Manufacturing makes up 0.3% of Avenir Tech Ltd’s investment portfolio, making the stock its 7th largest holding. Avenir Tech Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $4,507,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Certuity LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 93.3% during the second quarter. Certuity LLC now owns 2,409 shares of the semiconductor company’s stock valued at $546,000 after purchasing an additional 1,163 shares during the last quarter. Resolute Capital Asset Partners LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 100.2% in the 2nd quarter. Resolute Capital Asset Partners LLC now owns 50,053 shares of the semiconductor company’s stock worth $11,337,000 after buying an additional 25,053 shares during the last quarter. Prime Capital Management Co Ltd bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $74,211,000. CoreFirst Bank & Trust purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at $45,000. Finally, Gerber Kawasaki Wealth & Investment Management boosted its holdings in Taiwan Semiconductor Manufacturing by 29.1% in the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,612 shares of the semiconductor company’s stock worth $818,000 after acquiring an additional 814 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group set a $330.00 price target on Taiwan Semiconductor Manufacturing in a report on Sunday. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, December 1st. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Itau BBA Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an “outperform” rating on the stock. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $355.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $301.48 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. The firm has a market cap of $1.56 trillion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 1.01 and a beta of 1.31. The business has a 50-day simple moving average of $292.40 and a two-hundred day simple moving average of $254.13. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $311.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. The firm had revenue of $32.36 billion for the quarter, compared to the consensus estimate of $951.89 billion. During the same quarter last year, the firm posted $1.94 EPS. The business’s quarterly revenue was up 40.1% compared to the same quarter last year. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be given a $0.9678 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 26.67%.

Taiwan Semiconductor Manufacturing Company 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.