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flag DnB Asset Management cut its TSM shares by 12.9%, while TSMC beat earnings estimates, raised dividend.

flag DnB Asset Management AS reduced its holdings in Taiwan Semiconductor Manufacturing (TSM) by 12.9% in Q4, now owning 932,289 shares. flag TSMC reported $2.24 EPS, beating estimates by $0.08. flag The stock, valued at $168.68, has a market cap of $874.82 billion and a P/E ratio of 23.96. flag Analysts predict 9.2 EPS for the year. flag TSMC also raised its quarterly dividend to $0.6855.

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