Forward Management LLC Has $3.81 Million Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Forward Management LLC decreased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 14.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,866 shares of the semiconductor company’s stock after selling 18,054 shares during the period. Forward Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,806,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Park National Corp OH increased its stake in shares of Taiwan Semiconductor Manufacturing by 0.3% in the second quarter. Park National Corp OH now owns 6,575 shares of the semiconductor company’s stock worth $230,000 after buying an additional 18 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 0.3% in the second quarter. Cornerstone Advisors Inc. now owns 10,266 shares of the semiconductor company’s stock worth $359,000 after buying an additional 30 shares in the last quarter. Mitchell Capital Management Co. increased its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the first quarter. Mitchell Capital Management Co. now owns 7,946 shares of the semiconductor company’s stock worth $261,000 after buying an additional 56 shares in the last quarter. Wealthsource Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% in the first quarter. Wealthsource Partners LLC now owns 8,641 shares of the semiconductor company’s stock worth $284,000 after buying an additional 101 shares in the last quarter. Finally, Cypress Wealth Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% in the first quarter. Cypress Wealth Advisors LLC now owns 16,166 shares of the semiconductor company’s stock worth $531,000 after buying an additional 163 shares in the last quarter. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) opened at 36.46 on Thursday. The firm’s 50-day moving average price is $35.83 and its 200 day moving average price is $33.78. The company has a market capitalization of $189.08 billion, a PE ratio of 16.42 and a beta of 0.77. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $28.20 and a 1-year high of $36.96.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $213.86 billion for the quarter, compared to analysts’ expectations of $214.25 billion. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.65%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.80 earnings per share. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current fiscal year.

The company also recently declared an annual dividend, which was paid on Thursday, July 20th. Stockholders of record on Wednesday, June 28th were given a dividend of $0.927 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. This represents a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, June 26th. Taiwan Semiconductor Manufacturing’s payout ratio is 42.59%.

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A number of equities research analysts recently issued reports on the company. Rosenblatt Securities set a $27.00 price target on Taiwan Semiconductor Manufacturing and gave the stock a “buy” rating in a research report on Saturday, April 15th. Credit Suisse Group downgraded Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Zacks Investment Research downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. HSBC Holdings plc cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BidaskClub cut Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $31.67.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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

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