8 ETFs Cut Taiwan Semiconductor (TSM) Holdings on Thursday

This article first appeared on GuruFocus.

CGGO led the selling, offloading $17.0 million of Taiwan Semiconductor (TSM) shares last Thursday as eight ETFs sold and five bought, for a net $81.0 million outflow. ETF activity has now been negative for two straight days, following a $19.1 million net sale on Wednesday. That reversed the buying seen earlier in the week, when funds added $20.1 million on Tuesday and $135.0 million on Monday.

Every ETF and guru trade in TSM is tracked on the TSM guru trades page.

Which ETFs sold TSM on Thursday?

The largest sellers by dollar value were CGGO ($17.0 million), JGLO ($16.2 million) and ARKQ ($3.2 million). In all, 5 ETFs added shares and 8 cut them.

CGGO cut its stake by 2.29% to 1,675,099 shares, and JGLO reduced its position by 21.89% to 134,076 shares, a $16.2 million decline. ARKQ sold $3.2 million, CGNG $1.3 million and SOXQ $0.8 million, while CGDG and GTOP trimmed smaller amounts. The stock sits in the Technology sector’s Semiconductors industry with a market cap of $1.89 trillion.

Have ETFs been buying or selling TSM lately?

Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.

What does TSM do?

Taiwan Semiconductor Manufacturing Company is the world’s largest dedicated semiconductor foundry, manufacturing chips designed by its customers rather than selling products of its own.

Taiwan Semiconductor reported trailing-12-month revenue of $156.42 billion, up 36.1% over one year, with a gross margin of 65.1% and a net margin of 51.4%. It trades at a P/E of 24.12, P/B of 8.78 and P/S of 12.43, and carries a GF Score of 98. The GF Value of $375.85 compares with a price of $406.13, the dividend yield is 1.02% and the year-to-date return is 34.68%.

TSM at a glance

Investors following TSM can review its GF Value, guru trades and insider activity on the TSM summary page.