Grove Bank & Trust Cuts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Grove Bank & Trust lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 7.7% during the first quarter, Holdings Channel reports. The institutional investor owned 12,511 shares of the semiconductor company’s stock after selling 1,044 shares during the quarter. Grove Bank & Trust’s holdings in Taiwan Semiconductor Manufacturing were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Burns J W & Co. Inc. NY increased its stake in Taiwan Semiconductor Manufacturing by 1.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 7,956 shares of the semiconductor company’s stock worth $957,000 after acquiring an additional 85 shares during the last quarter. Arthur M. Cohen & Associates LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% in the 4th quarter. Arthur M. Cohen & Associates LLC now owns 7,268 shares of the semiconductor company’s stock worth $874,000 after purchasing an additional 85 shares in the last quarter. Regal Investment Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.9% in the 4th quarter. Regal Investment Advisors LLC now owns 2,389 shares of the semiconductor company’s stock worth $287,000 after purchasing an additional 89 shares in the last quarter. Girard Partners LTD. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Girard Partners LTD. now owns 2,790 shares of the semiconductor company’s stock worth $335,000 after purchasing an additional 90 shares in the last quarter. Finally, WP Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% in the 4th quarter. WP Advisors LLC now owns 6,019 shares of the semiconductor company’s stock worth $724,000 after purchasing an additional 100 shares in the last quarter.

Shares of TSM stock opened at $77.00 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $76.18 and a 1-year high of $145.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.09 and a quick ratio of 1.85. The business has a 50-day moving average of $89.85 and a 200 day moving average of $105.80. The stock has a market capitalization of $399.33 billion, a PE ratio of 16.89 and a beta of 0.99.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last released its quarterly earnings data on Thursday, April 14th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.84% and a net margin of 38.44%. The business had revenue of $491.08 billion during the quarter, compared to analysts’ expectations of $471.53 billion. During the same quarter last year, the business posted $0.96 EPS. The business’s revenue was up 35.5% on a year-over-year basis. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 16th will be issued a $0.4625 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.85 annualized dividend and a yield of 2.40%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.46%.

A number of equities analysts have recently issued reports on TSM shares. cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 14th. Loop Capital assumed coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, June 21st. They set a “buy” rating for the company. Finally, StockNews.com assumed coverage on Taiwan Semiconductor Manufacturing in a report on Thursday, March 31st. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $137.50.

Taiwan Semiconductor Manufacturing Company Profile (Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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

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