Commerce Bank Sells 11,963 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Commerce Bank Sells 11,963 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Posted by Kelly Messenger on Nov 18th, 2020 // Comments off
Commerce Bank cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,288 shares of the semiconductor company’s stock after selling 11,963 shares during the quarter. Commerce Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $3,671,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Morgan Stanley boosted its holdings in Taiwan Semiconductor Manufacturing by 4.9% during the 1st quarter. Morgan Stanley now owns 12,237,166 shares of the semiconductor company’s stock valued at $584,814,000 after acquiring an additional 570,945 shares during the period. Advisory Services Network LLC boosted its stake in Taiwan Semiconductor Manufacturing by 108.7% during the second quarter. Advisory Services Network LLC now owns 36,998 shares of the semiconductor company’s stock worth $2,100,000 after buying an additional 19,266 shares during the period. Whittier Trust Co. boosted its stake in Taiwan Semiconductor Manufacturing by 4.9% during the third quarter. Whittier Trust Co. now owns 30,023 shares of the semiconductor company’s stock worth $2,433,000 after buying an additional 1,393 shares during the period. Beaumont Financial Partners LLC purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter worth $233,000. Finally, Private Trust Co. NA purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at $542,000. Institutional investors own 18.52% of the company’s stock. Get Taiwan Semiconductor Manufacturing alerts:
TSM stock opened at $95.71 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.40 and a quick ratio of 1.26. The business has a 50-day moving average price of $87.33 and a 200 day moving average price of $71.65. The company has a market capitalization of $496.36 billion, a P/E ratio of 30.29, a PEG ratio of 1.18 and a beta of 0.93. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $42.70 and a 1-year high of $102.44. The company also recently disclosed an annual dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, March 18th will be issued a $0.3463 dividend. The ex-dividend date of this dividend is Wednesday, March 17th. This represents a dividend yield of 1.5%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 63.72%.
TSM has been the subject of a number of recent analyst reports. Macquarie raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “outperform” rating in a research note on Friday, July 24th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Friday, October 9th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, July 27th. Credit Suisse Group raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “outperform” rating in a research note on Monday, July 27th. Finally, New Street Research initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, August 28th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and a consensus price target of $68.50.
Taiwan Semiconductor Manufacturing Profile
Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea. Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter . «

This data comes from MediaIntel.Asia's Media Intelligence and Media Monitoring Platform.

Visit the original:
MediaIntel.Asia

Comments are closed.