Unified Trust Company N.A. increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 39.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,681 shares of the semiconductor company’s stock after purchasing an additional 11,214 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 1.5% of Unified Trust Company N.A.’s holdings, making the stock its 20th largest position. Unified Trust Company N.A.’s holdings in Taiwan Semiconductor Manufacturing were worth $4,693,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AFT Forsyth & Company Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 3.9% in the first quarter. AFT Forsyth & Company Inc. now owns 2,410 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 90 shares in the last quarter. Cloverfields Capital Group LP boosted its stake in Taiwan Semiconductor Manufacturing by 1.8% during the first quarter. Cloverfields Capital Group LP now owns 5,386 shares of the semiconductor company’s stock valued at $637,000 after buying an additional 97 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 51.9% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 284 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 97 shares during the period. JNBA Financial Advisors boosted its stake in Taiwan Semiconductor Manufacturing by 12.5% during the first quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 100 shares during the period. Finally, High Pointe Capital Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.8% during the first quarter. High Pointe Capital Management LLC now owns 5,626 shares of the semiconductor company’s stock valued at $665,000 after buying an additional 100 shares during the period. Institutional investors own 17.19% of the company’s stock.

Get Taiwan Semiconductor Manufacturing alerts: NYSE:TSM traded up $1.42 during mid-day trading on Wednesday, reaching $114.96. 268,807 shares of the company’s stock traded hands, compared to its average volume of 11,009,947. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $75.98 and a 12-month high of $142.20. The firm has a market cap of $596.19 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.72 and a quick ratio of 1.49. The firm’s 50 day moving average is $117.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. Taiwan Semiconductor Manufacturing had a return on equity of 29.87% and a net margin of 38.14%. The company had revenue of $372.15 billion for the quarter, compared to the consensus estimate of $372.58 billion. During the same quarter in the previous year, the business earned $4.66 EPS. Taiwan Semiconductor Manufacturing’s revenue was up 19.8% compared to the same quarter last year. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Friday, September 17th will be issued a dividend of $0.3917 per share. This represents a $1.57 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 16th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.35. Taiwan Semiconductor Manufacturing’s payout ratio is currently 41.59%.

Several equities research analysts recently issued reports on TSM shares. Morgan Stanley lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Needham & Company LLC started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 13th. They set a “buy” rating and a $123.05 price target for the company. Susquehanna Bancshares raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price target for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Argus started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 22nd. They set a “buy” rating and a $150.00 price target for the company. Finally, Susquehanna raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price target for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Taiwan Semiconductor Manufacturing has an average rating of “Hold” and an average target price of $127.72.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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