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DnB Asset Management cut its TSM shares by 12.9%, while TSMC beat earnings estimates, raised dividend.
DnB Asset Management AS reduced its holdings in Taiwan Semiconductor Manufacturing (TSM) by 12.9% in Q4, now owning 932,289 shares.
TSMC reported $2.24 EPS, beating estimates by $0.08.
The stock, valued at $168.68, has a market cap of $874.82 billion and a P/E ratio of 23.96.
Analysts predict 9.2 EPS for the year.
TSMC also raised its quarterly dividend to $0.6855.
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DnB Asset Management redujo sus acciones TSM en un 12,9%, mientras que TSMC superó las estimaciones de ganancias, aumentó el dividendo.