Home » Business » Investment Firm Moors & Cabot Trims Stake in TSM Stock

Investment Firm Moors & Cabot Trims Stake in TSM Stock

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In a recent filing with the Securities and Exchange Commission (SEC), Moors & Cabot Inc. revealed a 9.8% reduction in its holdings of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) during the second quarter. The firm now possesses 22,687 shares of the semiconductor company’s stock after selling 2,453 shares in this period, valued at $2,290,000 as per the latest disclosure to the SEC.

 

This shift in holdings is part of a broader trend among institutional investors and hedge funds adjusting their positions in Taiwan Semiconductor Manufacturing. Notable players like Macquarie Group Ltd., FMR LLC, Morgan Stanley, Fisher Asset Management LLC, and Bank of New York Mellon Corp have also modified their stakes in TSM over recent quarters.

 

Taiwan Semiconductor Manufacturing stock (TSM) experienced minor fluctuations, trading at $98.75 on Thursday, a subtle decline of $0.05. The company’s market cap stands at $512.16 billion, with a PE ratio of 17.76 and a beta of 1.04. Over the past year, the stock has ranged between $72.84 and $110.69, with a 50-day simple moving average of $89.79 and a 200-day simple moving average of $94.16.

 

During its last earnings release on October 19th, Taiwan Semiconductor Manufacturing reported $1.29 earnings per share, surpassing analysts’ estimates by $0.13. The company showcased a return on equity of 28.42% and a net margin of 41.42%, with quarterly revenue slightly below expectations at $17.28 billion.

 

The firm has also announced an increased quarterly dividend, now standing at $0.5415 per share, marking a notable change from its previous dividend of $0.47. This represents an annualized dividend of $2.17 and a yield of 2.19%. The company’s payout ratio currently sits at 26.44%.

 

In the eyes of Wall Street analysts, Taiwan Semiconductor Manufacturing has attracted varying opinions. Ratings range from “buy” to “hold,” with an average price target of $116.67 according to MarketBeat data. Analysts continue to monitor the company’s performance closely, with recent reports initiating coverage and revising target prices.

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