Federated Hermes Inc. cut its holdings in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,596,934 shares of the semiconductor company’s stock after selling 493,992 shares during the period. Taiwan Semiconductor Mfg. accounts for 1.6% of Federated Hermes Inc.’s portfolio, making the stock its 6th biggest position. Federated Hermes Inc. owned approximately 0.22% of Taiwan Semiconductor Mfg. worth $554,217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Associates Ltd. increased its stake in shares of Taiwan Semiconductor Mfg. by 1.7% during the first quarter. Pinnacle Associates Ltd. now owns 17,290 shares of the semiconductor company’s stock valued at $826,000 after buying an additional 292 shares during the period. Nicholas Investment Partners LP bought a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter valued at approximately $248,000. Toronto Dominion Bank boosted its position in shares of Taiwan Semiconductor Mfg. by 44.2% during the first quarter. Toronto Dominion Bank now owns 16,744 shares of the semiconductor company’s stock valued at $809,000 after purchasing an additional 5,133 shares in the last quarter. JustInvest LLC bought a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter valued at approximately $2,190,000. Finally, FountainCap Research & Investment Hong Kong Co. Ltd. boosted its position in shares of Taiwan Semiconductor Mfg. by 8.6% during the first quarter. FountainCap Research & Investment Hong Kong Co. Ltd. now owns 295,129 shares of the semiconductor company’s stock valued at $14,104,000 after purchasing an additional 23,459 shares in the last quarter. 18.68% of the stock is currently owned by hedge funds and other institutional investors.

TSM has been the topic of several research reports. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Macquarie lowered Taiwan Semiconductor Mfg. from an “outperform” rating to a “neutral” rating in a research report on Friday, March 27th. Wedbush assumed coverage on Taiwan Semiconductor Mfg. in a report on Monday, April 27th. They issued an “outperform” rating on the stock. Finally, Susquehanna Bancshares downgraded Taiwan Semiconductor Mfg. from a “positive” rating to a “negative” rating and set a $40.00 target price on the stock. in a report on Friday, April 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $53.33.

Shares of NYSE:TSM traded up $0.93 during midday trading on Wednesday, reaching $52.94. 387,568 shares of the company’s stock traded hands, compared to its average volume of 9,132,465. The company has a market cap of $274.14 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 1.10 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.36. Taiwan Semiconductor Mfg. Co. Ltd. has a one year low of $37.66 and a one year high of $60.64. The stock has a 50 day moving average of $51.53 and a 200 day moving average of $53.83.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly earnings results on Thursday, April 16th. The semiconductor company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Taiwan Semiconductor Mfg. had a return on equity of 24.82% and a net margin of 34.54%. The business had revenue of $10.31 billion during the quarter. Sell-side analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.8 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 18th will be paid a dividend of $0.3304 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, September 17th. Taiwan Semiconductor Mfg.’s payout ratio is presently 61.40%.

Taiwan Semiconductor Mfg. Company Profile

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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