Toronto Dominion Bank Sells 4,298 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Posted by Defense World Staff on May 8th, 2023

Toronto Dominion Bank decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,869 shares of the semiconductor company’s stock after selling 4,298 shares during the period. Toronto Dominion Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $5,131,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Sanders Capital LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.5% during the third quarter. Sanders Capital LLC now owns 42,934,330 shares of the semiconductor company’s stock worth $2,943,578,000 after acquiring an additional 1,445,645 shares in the last quarter. Lone Pine Capital LLC boosted its position in Taiwan Semiconductor Manufacturing by 7.5% during the third quarter. Lone Pine Capital LLC now owns 9,608,670 shares of the semiconductor company’s stock valued at $658,770,000 after buying an additional 673,709 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.6% during the third quarter. Price T Rowe Associates Inc. MD now owns 7,436,901 shares of the semiconductor company’s stock valued at $523,924,000 after buying an additional 185,327 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 5,773,485 shares of the semiconductor company’s stock valued at $395,831,000 after acquiring an additional 210,618 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Taiwan Semiconductor Manufacturing by 1.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,595,490 shares of the semiconductor company’s stock valued at $383,773,000 after acquiring an additional 78,535 shares during the period. 16.79% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $84.97 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $59.43 and a 12-month high of $98.99. The company has a market cap of $440.66 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10. The company has a current ratio of 2.08, a quick ratio of 1.86 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $88.40 and a two-hundred day simple moving average of $83.25.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Friday, June 16th will be issued a $0.3597 dividend. This represents a $1.44 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, June 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 21.95%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 20th. StockNews.com assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, March 16th. They issued a “buy” rating on the stock. Loop Capital raised their target price on Taiwan Semiconductor Manufacturing from $550.00 to $600.00 in a research note on Thursday, April 20th. KGI Securities started coverage on Taiwan Semiconductor Manufacturing in a report on Wednesday, March 29th. They issued an “outperform” rating for the company. Finally, Susquehanna raised Taiwan Semiconductor Manufacturing from a “neutral” rating to a “positive” rating and set a $126.00 target price on the stock in a research note on Monday, April 17th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.80.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.