Neuberger Berman Group LLC Decreases Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)
Neuberger Berman Group LLC lowered its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,643,781 shares of the semiconductor company’s stock after selling 81,765 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.05% of Taiwan Semiconductor Mfg. worth $150,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the business. Bainco International Investors bought a new stake in Taiwan Semiconductor Mfg. in the first quarter valued at approximately $25,000. Keebeck Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Mfg. in the second quarter valued at about $36,000. AGF Investments America Inc. bought a new position in shares of Taiwan Semiconductor Mfg. during the first quarter valued at about $31,000. James Investment Research Inc. raised its stake in shares of Taiwan Semiconductor Mfg. by 1,116.4% during the second quarter. James Investment Research Inc. now owns 888 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 815 shares during the last quarter. Finally, American Beacon Advisors Inc. bought a new stake in shares of Taiwan Semiconductor Mfg. in the first quarter worth about $48,000. 18.52% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. Macquarie upgraded Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Taiwan Semiconductor Mfg. in a report on Monday, July 27th. New Street Research started coverage on shares of Taiwan Semiconductor Mfg. in a report on Friday, August 28th. They issued a “buy” rating for the company. Susquehanna Bancshares reaffirmed a “sell” rating and set a $40.00 target price on shares of Taiwan Semiconductor Mfg. in a research note on Friday, July 10th. Finally, Zacks Investment Research downgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Taiwan Semiconductor Mfg. presently has an average rating of “Buy” and an average target price of $53.33.
Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its earnings results on Thursday, July 16th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Taiwan Semiconductor Mfg. had a net margin of 36.96% and a return on equity of 27.42%. The business had revenue of $310.70 billion for the quarter, compared to analyst estimates of $273.44 billion. During the same quarter last year, the business earned $2.57 earnings per share. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. Analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 3.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Stockholders of record on Friday, December 18th will be issued a dividend of $0.4253 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, December 17th. This is a positive change from Taiwan Semiconductor Mfg.’s previous quarterly dividend of $0.33. Taiwan Semiconductor Mfg.’s payout ratio is currently 62.33%.
Taiwan Semiconductor Mfg. Profile
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.
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