ARS Investment Partners LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,669 shares of the semiconductor company’s stock after selling 3,060 shares during the quarter. ARS Investment Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,926,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of TSM. Jennison Associates LLC boosted its stake in Taiwan Semiconductor Manufacturing by 39.6% in the first quarter. Jennison Associates LLC now owns 13,534,561 shares of the semiconductor company’s stock worth $1,600,868,000 after buying an additional 3,839,316 shares in the last quarter. BlackRock Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 23.5% in the first quarter. BlackRock Inc. now owns 13,754,055 shares of the semiconductor company’s stock worth $1,626,830,000 after buying an additional 2,613,327 shares in the last quarter. Van ECK Associates Corp boosted its stake in Taiwan Semiconductor Manufacturing by 55.2% in the first quarter. Van ECK Associates Corp now owns 7,227,419 shares of the semiconductor company’s stock worth $854,859,000 after buying an additional 2,570,257 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Taiwan Semiconductor Manufacturing by 22.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,730,800 shares of the semiconductor company’s stock worth $1,505,798,000 after buying an additional 2,302,444 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 40,884.2% in the first quarter. Hardman Johnston Global Advisors LLC now owns 2,207,000 shares of the semiconductor company’s stock worth $261,044,000 after buying an additional 2,201,615 shares in the last quarter. 14.63% of the stock is owned by institutional investors.
Several analysts have weighed in on TSM shares. Susquehanna Bancshares upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price objective for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. Argus started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 price objective for the company. Needham & Company LLC started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price objective for the company. Zacks Investment Research downgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price objective for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Hold” and an average target price of $127.72.
[Taiwan Semiconductor Manufacturing stock] traded up $2.89 during midday trading on Friday, reaching $123.68. 700,728 shares of the company’s stock traded hands, compared to its average volume of 10,486,854. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.92. The company has a market cap of $641.41 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 1.84 and a beta of 0.89. The stock has a 50 day moving average of $117.15 and a 200-day moving average of $118.31. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $76.17 and a 12 month high of $142.20.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The company had revenue of $372.15 billion during the quarter, compared to the consensus estimate of $372.58 billion. Taiwan Semiconductor Manufacturing had a return on equity of 29.17% and a net margin of 38.14%. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.66 earnings per share. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be issued a $0.4941 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, December 16th. This represents a $1.98 dividend on an annualized basis and a yield of 1.60%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 41.59%.
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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