First Foundation Advisors lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.8% in the second quarter, Holdings Channel.com reports. The firm owned 162,236 shares of the semiconductor company’s stock after buying an additional 8,957 shares during the period. First Foundation Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $19,494,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Gabelli Funds LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% in the 2nd quarter. Gabelli Funds LLC now owns 38,500 shares of the semiconductor company’s stock worth $4,626,000 after purchasing an additional 638 shares during the period. Destination Wealth Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 10.8% in the 2nd quarter. Destination Wealth Management now owns 166,760 shares of the semiconductor company’s stock worth $20,038,000 after purchasing an additional 16,235 shares during the period. Unified Trust Company N.A. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.9% in the 2nd quarter. Unified Trust Company N.A. now owns 42,805 shares of the semiconductor company’s stock worth $5,143,000 after purchasing an additional 3,124 shares during the period. SevenOneSeven Capital Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 28.8% in the 2nd quarter. SevenOneSeven Capital Management now owns 2,379 shares of the semiconductor company’s stock worth $286,000 after purchasing an additional 532 shares during the period. Finally, GQG Partners LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 203.7% in the 2nd quarter. GQG Partners LLC now owns 9,205,116 shares of the semiconductor company’s stock worth $1,105,795,000 after purchasing an additional 6,173,921 shares during the period. Hedge funds and other institutional investors own 16.55% of the company’s stock.

TSM has been the subject of a number of research analyst reports. Argus initiated 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. Cowen initiated coverage on Taiwan Semiconductor Manufacturing in a research note on Monday. They set a “market perform” rating and a $120.00 price target for the company. Needham & Company LLC initiated 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 raised their price target for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Finally, Morgan Stanley lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $126.76.

[NYSE TSM] traded up $1.81 on Friday, reaching $114.37. 437,242 shares of the stock traded hands, compared to its average volume of 10,041,117. The company has a market cap of $593.13 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.92. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $83.16 and a 12 month high of $142.20. The company has a fifty day moving average price of $115.77 and a 200-day moving average price of $116.88.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.93. The firm had revenue of $372.15 billion during the quarter, compared to analyst estimates of $372.58 billion. Taiwan Semiconductor Manufacturing had a return on equity of 29.17% and a net margin of 38.14%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.66 EPS. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 13th. Stockholders of record on Friday, December 17th will be given a $0.4941 dividend. This represents a $1.98 annualized dividend and a dividend yield of 1.73%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 45.72%.

Taiwan Semiconductor Manufacturing Company 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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