CSat Investment Advisory L.P. Has $2.39 Million Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

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CSat Investment Advisory L.P. lessened its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 22.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,090 shares of the semiconductor company’s stock after selling 17,505 shares during the quarter. Taiwan Semiconductor Mfg. accounts for about 0.8% of CSat Investment Advisory L.P.’s investment portfolio, making the stock its 15th biggest holding. CSat Investment Advisory L.P.’s holdings in Taiwan Semiconductor Mfg. were worth $2,393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in TSM. Trustcore Financial Services LLC raised its position in Taiwan Semiconductor Mfg. by 129.9% during the second quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 395 shares in the last quarter. American Beacon Advisors Inc. raised its position in shares of Taiwan Semiconductor Mfg. by 56.9% in the first quarter. American Beacon Advisors Inc. now owns 822 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 298 shares during the period. JNBA Financial Advisors grew its stake in shares of Taiwan Semiconductor Mfg. by 87.5% in the second quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 421 shares in the last quarter. Kavar Capital Partners LLC acquired a new stake in Taiwan Semiconductor Mfg. during the second quarter worth about $38,000. Finally, Regal Wealth Group Inc. acquired a new stake in Taiwan Semiconductor Mfg. during the second quarter worth about $39,000. 19.03% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Mfg. stock traded down $1.03 during trading hours on Friday, reaching $43.87. 7,202,035 shares of the stock were exchanged, compared to its average volume of 4,809,318. The company has a market cap of $233.58 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02. The company has a current ratio of 1.62, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $34.22 and a twelve month high of $45.64. The stock has a 50 day moving average of $42.46 and a two-hundred day moving average of $41.40.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $241 billion during the quarter, compared to the consensus estimate of $236.65 billion. Taiwan Semiconductor Mfg. had a return on equity of 19.37% and a net margin of 31.42%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $2.79 EPS. On average, analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.251 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.00 annualized dividend and a yield of 2.29%. Taiwan Semiconductor Mfg.’s payout ratio is 45.54%.

A number of equities research analysts have issued reports on TSM shares. Morgan Stanley upgraded shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 4th. 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 research note on Saturday, August 3rd. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Finally, CLSA upgraded shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday, July 19th. Five investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $48.50.

About Taiwan Semiconductor Mfg.

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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