Taiwan Semiconductor Manufacturing Company Ltd. $TSM is Zweig DiMenna Associates LLC’s 6th Largest Position

Zweig DiMenna Associates LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,470 shares of the semiconductor company’s stock after selling 9,375 shares during the period. Taiwan Semiconductor Manufacturing makes up about 3.8% of Zweig DiMenna Associates LLC’s holdings, making the stock its 6th biggest position. Zweig DiMenna Associates LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $53,755,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after purchasing an additional 1,892 shares during the period. Ignite Planners LLC grew its holdings in Taiwan Semiconductor Manufacturing by 4.7% during the second quarter. Ignite Planners LLC now owns 2,610 shares of the semiconductor company’s stock worth $627,000 after acquiring an additional 116 shares during the period. Chevy Chase Trust Holdings LLC raised its position in Taiwan Semiconductor Manufacturing by 1.0% in the second quarter. Chevy Chase Trust Holdings LLC now owns 6,387 shares of the semiconductor company’s stock worth $1,447,000 after acquiring an additional 63 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 7.2% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 6,324 shares of the semiconductor company’s stock worth $1,432,000 after purchasing an additional 422 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 25.4% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,340 shares of the semiconductor company’s stock worth $1,043,000 after purchasing an additional 879 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.4%

Taiwan Semiconductor Manufacturing stock opened at $366.47 on Tuesday. The stock has a 50-day moving average price of $323.08 and a 200 day moving average price of $289.96. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $380.00. The stock has a market cap of $1.90 trillion, a PE ratio of 34.41, a P/E/G ratio of 1.03 and a beta of 1.31. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Friday, November 14th. The semiconductor company reported $14.32 EPS for the quarter. The business had revenue of $32.50 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 36.18%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be paid a $0.9503 dividend. This represents a $3.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, June 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 23.57%.

Analyst Upgrades and Downgrades

TSM has been the topic of several recent analyst reports. Dbs Bank upgraded shares of Taiwan Semiconductor Manufacturing to a “moderate buy” rating in a research report on Friday, January 23rd. Needham & Company LLC upped their price target on Taiwan Semiconductor Manufacturing from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, January 2nd. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $325.00 to $370.00 and gave the company a “hold” rating in a report on Friday, January 16th. Four investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $391.43.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.