As of September 3, 2023, Sands Capital Management LLC has reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.1% during the first quarter, according to the company’s recent disclosure with the Securities and Exchange Commission (SEC). The investment management firm now owns 5,826,837 shares of TSM’s stock after selling 64,164 shares in the quarter. Taiwan Semiconductor Manufacturing represents approximately 1.8% of Sands Capital Management’s overall investment portfolio, ranking as its 20th largest holding. At the end of the latest quarter, Sands Capital Management’s stake in Taiwan Semiconductor Manufacturing was valued at $542,012,000.
Taiwan Semiconductor Manufacturing reported its earnings results on Thursday, July 20th. For the quarter, the semiconductor company exceeded analysts’ expectations by reporting earnings per share of $1.14 compared to the consensus estimate of $1.07 per share, resulting in an overperformance of $0.07 per share. Additionally, Taiwan Semiconductor Manufacturing achieved a return on equity of 32.08% and a net margin of 43.31%. The company generated revenue amounting to $15.68 billion during the quarter, slightly surpassing analysts’ consensus estimate of $15.52 billion.
Looking ahead to the current fiscal year, industry experts anticipate that Taiwan Semiconductor Manufacturing will post earnings per share of approximately $4.82.
Overall, these developments indicate notable changes in Sands Capital Management LLC’s investment strategy and position within Taiwan Semiconductor Manufacturing Company Limited as well as positive performance for TSM during the reported period.
For further information on Taiwan Semiconductor Manufacturing and its recent financial updates and market performance, please refer to our latest report on TSM.
Institutional Investors Acquire Positions in Taiwan Semiconductor Manufacturing as Stock Performance and Analyst Ratings Remain Positive
In recent news, several hedge funds and institutional investors have entered the market to buy and sell shares of Taiwan Semiconductor Manufacturing Company Limited. MBM Wealth Consultants LLC is among the investors who have acquired a new position in the company during the fourth quarter of this year. Their investment is valued at $27,000.
Another notable investor is Key Financial Inc, which has raised its holdings in shares of Taiwan Semiconductor Manufacturing by an impressive 666.7% in the first quarter. Key Financial Inc now owns 345 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 300 shares during the last quarter.
America First Investment Advisors LLC also made a strategic move by acquiring a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth $33,000. Similarly, Bogart Wealth LLC increased its holdings in shares of the company by 71.4% during the same period and now owns 365 shares valued at $34,000.
Lastly, Hall Laurie J Trustee added to the list of institutional investors acquiring a new position in Taiwan Semiconductor Manufacturing during the first quarter with an investment worth $36,000. In total, institutional investors and hedge funds now own roughly 16.51% of the company’s stock.
As we examine further details about Taiwan Semiconductor Manufacturing Company Limited’s performance on Friday, September 3rd, we observe that their NYSE TSM shares traded down slightly at $93.36. The trading volume for that day was recorded at 5,199,624 shares compared to an average volume of 11,559,284 shares over time.
It is noteworthy that Taiwan Semiconductor Manufacturing has experienced both a low and high point in stock prices within the past year. The recorded figures indicate a 12-month low of $59.43 and a corresponding high of $110.69.
Taking into account moving averages calculated over shorter time spans can provide additional insight into stock performance. Taiwan Semiconductor Manufacturing recorded a 50-day moving average of $97.82 and a two-hundred day moving average of $93.85.
For the company’s financial stability, it is important to consider liquidity ratios such as the quick ratio and current ratio. Taiwan Semiconductor Manufacturing has a quick ratio of 2.13 and a current ratio of 2.42, indicating good liquidity for the company’s operations.
Furthermore, analyzing debt-to-equity ratios can provide insight into a company’s financial health. Taiwan Semiconductor Manufacturing has a debt-to-equity ratio of 0.29, suggesting a relatively low level of debt compared to equity.
In terms of market capitalization, Taiwan Semiconductor Manufacturing is valued at an impressive $484.20 billion. This indicates the total market value of all outstanding shares in the company as of September 3rd, 2023.
Moving on to dividends, Taiwan Semiconductor Manufacturing recently declared a quarterly dividend that will be paid on Thursday, January 11th next year. The dividend payment amounts to $0.4724 per share held by investors of record on Friday, December 15th.
This dividend payment represents an annualized dividend amounting to $1.89 per share and yields a dividend yield rate of approximately 2.02%. It is essential to note that the ex-dividend date for this particular payment is set for Thursday, December 14th, one day before the record date.
Several equities research analysts have shared their insights on Taiwan Semiconductor Manufacturing Company Limited (TSM). Notably, Susquehanna issued a research report on July 14th with a price target increase from $128 to $135 and provided it with a “positive” rating.
Additionally, StockNews.com upgraded its rating on Taiwan Semiconductor Manufacturing from “hold” to “buy” in its research report on August 25th this year.
Finally, Needham & Company LLC lowered its price target on Taiwan Semiconductor Manufacturing from $118 to $115 and assigned the company a “buy” rating in its research report on July 21st.
Considering the analysts’ ratings, it is interesting to note that Bloomberg reports an average rating of “Buy” for Taiwan Semiconductor Manufacturing. Furthermore, there appears to be a consensus price target of approximately $108.33 for the company’s stock.
As investors and stakeholders continue to monitor the performance and developments in Taiwan Semiconductor Manufacturing Company Limited, it remains crucial to consider various factors impacting stock prices and emerging trends within the industry.