Taiwan Semiconductor Manufactur (NYSE:TSM).
Vontobel Asset Management Inc says it bought 3,819,919 shares during the last quarter increasing its stake in Taiwan Semiconductor Manufactur (TSM) by 36.3%. Its investment was worth $513,720,000 an increase of $159,550,000 as of the end of the quarter.
The following firms have also recently changed their position in TSM. As of quarter end Cornerstone Investment Partners, LLC had sold a total of 231,066 shares trimming its stake by 11.4%. The value of the investment in Taiwan Semiconductor Manufactur decreased from $66,784,000 to $63,017,000 a change of 5.6% quarter to quarter. Waverton Investment Management Ltd divested its ownership by shedding 77,764 shares a decrease of 46.9% from 03/31/2017 to 06/30/2017. Waverton Investment Management Ltd currently owns 87,946 shares valued at $3,075,000. The value of the position overall is down by 43.5%.
Atria Investments LLC expanded its position by buying 7,459 shares an increase of 34.7% in the quarter. Atria Investments LLC owns 28,950 shares worth $1,012,000. The total value of its holdings increased 43.3%.
On October 14 the stock rating was upgraded from “Underperform” to “Sector Weight” by analysts at Pacific Crest. On October 4, 2016 the stock rating was changed to a “Neutral” according to a Susquehanna report up from the previous “” rating.
On July 12 the company was downgraded to “Neutral” from “” by Nomura. On July 12 the stock rating was downgraded to “Neutral” from “” in a report issued by JP Morgan.
On February 18 the company was rated “Overweight” in a report from Morgan Stanley a boost from the previous “Equal-weight” rating. On December 1 the company was set at “Buy” by HSBC which was a boost from the previous “” rating.
The company is so far trading up since yesterday’s close of $35.38. Taiwan Semiconductor Manufactur also recently declared a dividend that will be paid on Thursday the 20th of July 2017. The dividend payment will be $0.290 per share for the quarter or $1.16 on an annualized basis. This dividend amount will represent a yeild of $3.35. The ex-dividend date will be Monday June 26th, 2017.
It is currently trading at $35.58 a tad under the 50 day moving average of $35.71 and barely above the 200 day moving average of $32.54. The 50 day moving average was down by -0.07% and the 200 day average was up $3.14.
Taiwan Semiconductor Manufactur currently has a P/E ratio of 15.86 and the market value is 185.04B. In the latest earnings report the EPS was $2.25 and is estimated to be $2.19 for the current year with 5,186,076,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.43 with next year’s EPS anticipated to be $2.33.