JLB & Associates Inc. Trims Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

JLB & Associates Inc. trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 34,966 shares of the semiconductor company’s stock after selling 4,186 shares during the period. JLB & Associates Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,834,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Toth Financial Advisory Corp lifted its position in Taiwan Semiconductor Manufacturing by 50.0% in the third quarter. Toth Financial Advisory Corp now owns 1,500 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 500 shares during the last quarter. Bellecapital International Ltd. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $231,000. Mission Wealth Management LP acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $299,000. Darwin Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $3,090,000. Finally, Arden Trust Co increased its holdings in Taiwan Semiconductor Manufacturing by 2.7% in the 3rd quarter. Arden Trust Co now owns 9,922 shares of the semiconductor company’s stock valued at $805,000 after purchasing an additional 262 shares during the last quarter. 18.52% of the stock is owned by institutional investors.

NYSE:TSM traded down $1.45 during mid-day trading on Friday, hitting $86.70. The stock had a trading volume of 7,460,246 shares, compared to its average volume of 9,998,388. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $42.70 and a twelve month high of $91.27. The stock has a 50-day simple moving average of $81.85 and a two-hundred day simple moving average of $65.54. The company has a current ratio of 1.40, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $449.63 billion, a PE ratio of 30.10, a PEG ratio of 1.28 and a beta of 0.94.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 16th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. The business had revenue of $310.70 billion during the quarter, compared to analysts’ expectations of $273.44 billion. Taiwan Semiconductor Manufacturing had a net margin of 36.96% and a return on equity of 27.42%. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.57 EPS. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 3.13 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Friday, December 18th will be issued a dividend of $0.4253 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.96%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, December 17th. Taiwan Semiconductor Manufacturing’s payout ratio is 63.72%.

Several research analysts have recently commented on TSM shares. 140166 restated a “sell” rating and set a $40.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, July 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, July 27th. Macquarie raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Friday, October 9th. Finally, Credit Suisse Group upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “outperform” rating in a report on Monday, July 27th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and an average target price of $68.50.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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

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