Segantii Capital Management Ltd Invests $14.11 Million in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Segantii Capital Management Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 400,000 shares of the semiconductor company’s stock, valued at approximately $14,114,000. Taiwan Semiconductor Manufacturing comprises approximately 3.4% of Segantii Capital Management Ltd’s investment portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of TSM. Pictet & Cie Europe SA purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $134,000. Pictet North America Advisors SA purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $166,000. Advisory Services Network LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $184,000. U S Global Investors Inc purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $187,000. Finally, Sit Investment Associates Inc. increased its stake in Taiwan Semiconductor Manufacturing by 107.7% in the second quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock worth $189,000 after buying an additional 2,800 shares during the last quarter. Institutional investors own 19.93% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM) opened at 36.46 on Thursday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $28.20 and a 12 month high of $36.96. The stock has a market capitalization of $189.08 billion, a PE ratio of 16.42 and a beta of 0.77. The company’s 50-day moving average is $35.83 and its 200-day moving average is $33.78.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.50 by $0.08. The firm had revenue of $213.86 billion during the quarter, compared to the consensus estimate of $214.25 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.65% and a net margin of 36.11%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.80 EPS. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current fiscal year.

The company also recently announced an annual dividend, which was paid on Thursday, July 20th. Investors of record on Wednesday, June 28th were issued a $0.927 dividend. This represents a yield of 3.25%. The ex-dividend date of this dividend was Monday, June 26th. This is an increase from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 42.59%.

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A number of analysts have recently commented on the company. HSBC Holdings plc downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. BidaskClub downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. Credit Suisse Group downgraded Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Finally, Rosenblatt Securities set a $27.00 price objective on Taiwan Semiconductor Manufacturing and gave the stock a “buy” rating in a report on Saturday, April 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.67.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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

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