Dundas Partners LLP Trims Position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

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Dundas Partners LLP trimmed its holdings in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 2.0% during the second quarter, HoldingsChannel reports. The fund owned 492,986 shares of the semiconductor company’s stock after selling 10,087 shares during the quarter. Taiwan Semiconductor Mfg. comprises 4.5% of Dundas Partners LLP’s holdings, making the stock its 5th largest position. Dundas Partners LLP’s holdings in Taiwan Semiconductor Mfg. were worth $19,310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brand Asset Management Group Inc. acquired a new position in Taiwan Semiconductor Mfg. during the first quarter worth $67,000. Ferguson Wellman Capital Management Inc. raised its holdings in Taiwan Semiconductor Mfg. by 2.8% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 9,467 shares of the semiconductor company’s stock worth $371,000 after buying an additional 257 shares during the last quarter. Bailard Inc. raised its holdings in Taiwan Semiconductor Mfg. by 0.8% during the second quarter. Bailard Inc. now owns 38,765 shares of the semiconductor company’s stock worth $1,518,000 after buying an additional 295 shares during the last quarter. American Beacon Advisors Inc. raised its holdings in Taiwan Semiconductor Mfg. by 56.9% during the first quarter. American Beacon Advisors Inc. now owns 822 shares of the semiconductor company’s stock worth $34,000 after buying an additional 298 shares during the last quarter. Finally, Alera Investment Advisors LLC raised its holdings in Taiwan Semiconductor Mfg. by 19.7% during the first quarter. Alera Investment Advisors LLC now owns 2,023 shares of the semiconductor company’s stock worth $83,000 after buying an additional 333 shares during the last quarter. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on TSM. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Saturday, August 3rd. Goldman Sachs Group assumed coverage on shares of Taiwan Semiconductor Mfg. in a research note on Tuesday, May 7th. They issued a “buy” rating and a $50.00 target price for the company. CLSA upgraded shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday, July 19th. Finally, ValuEngine lowered shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $48.50.

NYSE TSM opened at $41.84 on Wednesday. Taiwan Semiconductor Mfg. Co. Ltd. has a 1 year low of $34.22 and a 1 year high of $45.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.62. The company has a market cap of $212.42 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 3.26 and a beta of 1.02. The business has a fifty day moving average price of $41.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a return on equity of 19.01% and a net margin of 31.42%. The firm had revenue of $241 billion during the quarter, compared to the consensus estimate of $236.65 billion. During the same quarter in the previous year, the company earned $2.79 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Equities analysts forecast that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 EPS for the current fiscal year.

The business also recently declared an annual dividend, which was paid on Thursday, July 18th. Investors of record on Tuesday, June 25th were given a dividend of $1.2756 per share. The ex-dividend date was Monday, June 24th. This represents a yield of 2.56%. Taiwan Semiconductor Mfg.’s payout ratio is currently 45.54%.

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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