Sequoia Financial Advisors LLC lessened its holdings in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,496 shares of the semiconductor company’s stock after selling 399 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Taiwan Semiconductor Mfg. were worth $489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSM. Next Capital Management LLC acquired a new position in Taiwan Semiconductor Mfg. during the first quarter worth approximately $25,000. Trustcore Financial Services LLC increased its position in Taiwan Semiconductor Mfg. by 129.9% during the second quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock worth $27,000 after buying an additional 395 shares during the last quarter. Horan Capital Advisors LLC. acquired a new position in Taiwan Semiconductor Mfg. during the first quarter worth approximately $29,000. Cullen Frost Bankers Inc. acquired a new position in Taiwan Semiconductor Mfg. during the first quarter worth approximately $31,000. Finally, American Beacon Advisors Inc. increased its position in Taiwan Semiconductor Mfg. by 56.9% during the first quarter. American Beacon Advisors Inc. now owns 822 shares of the semiconductor company’s stock worth $34,000 after buying an additional 298 shares during the last quarter. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on TSM shares. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Saturday, August 3rd. Goldman Sachs Group started coverage on Taiwan Semiconductor Mfg. in a research report on Tuesday, May 7th. They set a “buy” rating and a $50.00 price target on the stock. CLSA raised Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research report on Friday, July 19th. Finally, ValuEngine cut Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.50.

Shares of NYSE:TSM traded up $0.71 during trading on Tuesday, reaching $41.67. 486,779 shares of the stock were exchanged, compared to its average volume of 7,150,059. Taiwan Semiconductor Mfg. Co. Ltd. has a 12 month low of $34.22 and a 12 month high of $45.64. The company has a market cap of $212.42 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 3.26 and a beta of 1.02. The company’s 50-day moving average is $41.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.62.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a return on equity of 19.01% and a net margin of 31.42%. The firm had revenue of $241 billion for the quarter, compared to the consensus estimate of $236.65 billion. During the same quarter in the prior year, the firm earned $2.79 EPS. The company’s revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 earnings per share for the current year.

The company also recently disclosed an annual dividend, which was paid on Thursday, July 18th. Stockholders of record on Tuesday, June 25th were issued a dividend of $1.2756 per share. This represents a dividend yield of 2.56%. The ex-dividend date was Monday, June 24th. Taiwan Semiconductor Mfg.’s dividend payout ratio is presently 45.54%.

About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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