Artemis Investment Management LLP, a leading investment firm, recently reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (TSM) by 87.6%, according to its second-quarter filing with the Securities and Exchange Commission. The firm sold 25,705 shares during the quarter, leaving them with 3,639 shares of the semiconductor company’s stock. At the end of the reporting period, Artemis’ holdings in Taiwan Semiconductor Manufacturing were valued at $367,000.
This news comes as Taiwan Semiconductor Manufacturing (TSM) announced its quarterly earnings results on July 20th. The company reported earnings per share (EPS) of $1.14 for the quarter, surpassing analysts’ consensus estimates by $0.07. Furthermore, Taiwan Semiconductor Manufacturing demonstrated an impressive return on equity of 32.08% along with a net margin of 43.31%. During the same period, the company generated $15.68 billion in revenue, exceeding analysts’ expectations of $15.52 billion.
Investors are now eagerly waiting to see if Taiwan Semiconductor Manufacturing Company Limited will continue to perform well in the current fiscal year. Research analysts predict that the company will post an impressive earnings per share figure of 4.82.
Taiwan Semiconductor Manufacturing is recognized as one of the global leaders in semiconductor manufacturing and related services. Their cutting-edge technologies and strong financial performance have consistently attracted investors year after year.
Investing in semiconductor companies has gained significant attention due to advancements in technology and increasing demand for electronic devices worldwide. As industries strive for innovation and efficiency, semiconductors play a crucial role in powering various devices such as smartphones, computers, and electric vehicles.
Taiwan Semiconductor Manufacturing has been at the forefront of this industry, supplying chips to major technology companies globally. Their commitment to research and development has enabled them to maintain a competitive edge and secure partnerships with leading tech giants.
However, Artemis Investment Management LLP’s recent reduction in stake does raise questions about their outlook on Taiwan Semiconductor Manufacturing. Investors are now analyzing the potential implications and considering whether this move reflects a broader trend in the semiconductor industry.
Despite this development, it is important to note that investment decisions should be based on thorough research, analysis, and consideration of individual financial goals. Market conditions can fluctuate, impacting stock prices and investor sentiment. It is crucial to remain cautious and seek professional advice before making any investment decisions.
For those interested in tracking the performance of Taiwan Semiconductor Manufacturing or exploring potential investment opportunities, referencing the latest stock report on the company would provide valuable insights and information. Staying informed about market trends, financial reports, and analyst expectations is essential for investors to make well-informed choices in the ever-evolving world of finance and technology.
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Taiwan Semiconductor Manufacturing Company Limited (TSM) Attracts Interest from Hedge Funds and Institutional Investors
Taiwan Semiconductor Manufacturing Company Limited (TSM), one of the leading semiconductor manufacturers in the world, has been attracting attention from various hedge funds and institutional investors. These investors have recently made significant changes to their positions in the company, reflecting an increased interest in TSM’s potential.
One notable investor is Armstrong Advisory Group Inc., which acquired a new position in TSM during the second quarter of this year. The value of this new position is estimated at around $31,000. Similarly, Key Financial Inc. increased its stake in TSM by a staggering 666.7% during the first quarter, now owning 345 shares worth approximately $32,000.
America First Investment Advisors LLC also recognized the potential of TSM and took a new position in the company during the first quarter valued at around $33,000. Additionally, MBM Wealth Consultants LLC demonstrated its confidence in TSM by acquiring a new position worth approximately $27,000 during the fourth quarter. Lastly, Bogart Wealth LLC increased its stake in TSM by 71.4% during the first quarter and now owns 365 shares worth $34,000.
These moves by multiple institutional investors underscore their belief in Taiwan Semiconductor Manufacturing Company Limited’s future prospects. Currently, these institutional investors collectively own 16.51% of TSM’s stock.
As of Friday’s opening trading session, TSM stock was valued at $86.42. Over the past year, its lowest point reached was $59.43 while it hit a high of $110.69 – showcasing considerable volatility throughout this period. The stock’s 50-day moving average stands at $92.71, whereas its 200-day moving average is slightly higher at $93.75.
With a market capitalization of $448.21 billion, Taiwan Semiconductor Manufacturing holds substantial sway within the industry as one of the largest players globally. Its price-to-earnings ratio (P/E) currently stands at 14.26, suggesting favorable valuation compared to the broader market. The company’s price-to-earnings growth ratio (PEG) is reported to be 2.97, indicating potential future growth prospects. Furthermore, TSM’s beta of 1.07 implies that it is moderately more volatile than the overall market.
In terms of its financial health, Taiwan Semiconductor Manufacturing boasts a debt-to-equity ratio of 0.29, demonstrating a relatively conservative approach to leverage management. Its current ratio stands at a robust 2.42, indicating strong short-term liquidity, while the quick ratio is reported to be 2.13 – emphasizing TSM’s ability to meet immediate financial obligations.
Moreover, the company recently announced a quarterly dividend payment scheduled for Thursday, January 11th. Shareholders who are recorded on Friday, December 15th will receive a dividend payment amounting to $0.4724 per share held. This translates to an annualized dividend of $1.89 and a yield of approximately 2.19%. The ex-dividend date is set for Thursday, December 14th.
Several analysts have also weighed in on Taiwan Semiconductor Manufacturing in recent reports. StockNews.com upgraded their rating from “hold” to “buy,” reflecting their positive outlook on the company’s performance and prospects going forward. Meanwhile, Needham & Company LLC decreased their price target from $118.00 to $115.00 but maintained a “buy” rating on TSM stock as they believe it remains an attractive investment option.
Additionally, Susquehanna increased their price target for TSM from $128.00 to $135.00 and provided a “positive” rating based on their assessment of the company’s potential growth opportunities within its industry.
Overall, according to Bloomberg data, six equities research analysts have issued buy ratings for Taiwan Semiconductor Manufacturing Company Limited stock – highlighting the consensus view that TSM is a promising investment opportunity. The average price target among these analysts is $108.33, further reaffirming confidence in the company’s potential for future growth.
In conclusion, Taiwan Semiconductor Manufacturing Company Limited has garnered significant attention from notable hedge funds and institutional investors who have made substantial changes to their positions in the company. With its strong financials, positive analyst ratings, and potential for growth, TSM continues to be an intriguing investment option within the semiconductor industry. Investors are closely monitoring its progress as they seek to capture potentially lucrative returns in a rapidly evolving market.
