Manning & Napier Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 10.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 610,462 shares of the semiconductor company’s stock after buying an additional 56,725 shares during the period. Manning & Napier Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $21,340,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Gradient Investments LLC boosted its position in Taiwan Semiconductor Manufacturing by 175.1% in the second quarter. Gradient Investments LLC now owns 22,615 shares of the semiconductor company’s stock valued at $791,000 after buying an additional 14,395 shares in the last quarter. Anderson Hoagland & Co. boosted its position in Taiwan Semiconductor Manufacturing by 8.7% in the second quarter. Anderson Hoagland & Co. now owns 27,775 shares of the semiconductor company’s stock valued at $971,000 after buying an additional 2,220 shares in the last quarter. Sit Investment Associates Inc. boosted its position in Taiwan Semiconductor Manufacturing by 107.7% in the second quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock valued at $189,000 after buying an additional 2,800 shares in the last quarter. Aperio Group LLC boosted its position in Taiwan Semiconductor Manufacturing by 6.6% in the second quarter. Aperio Group LLC now owns 2,080,721 shares of the semiconductor company’s stock valued at $72,742,000 after buying an additional 127,964 shares in the last quarter. Finally, Jarislowsky Fraser Ltd boosted its position in Taiwan Semiconductor Manufacturing by 45.5% in the second quarter. Jarislowsky Fraser Ltd now owns 12,706 shares of the semiconductor company’s stock valued at $444,000 after buying an additional 3,971 shares in the last quarter. 19.81% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded down 0.69% during trading on Friday, hitting $35.85. The stock had a trading volume of 5,023,538 shares. The company has a market cap of $185.92 billion, a price-to-earnings ratio of 16.22 and a beta of 0.77. The firm’s 50-day moving average price is $35.78 and its 200-day moving average price is $33.16. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $27.48 and a 52-week high of $36.92.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.75%. The business had revenue of $213.86 billion during the quarter, compared to analysts’ expectations of $214.25 billion. During the same quarter in the prior year, the firm earned $2.80 EPS. Taiwan Semiconductor Manufacturing’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.17 EPS for the current fiscal year.
The firm also recently declared an annual dividend, which was paid on Thursday, July 20th. Investors of record on Wednesday, June 28th were paid a $0.927 dividend. This represents a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, June 26th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. Taiwan Semiconductor Manufacturing’s payout ratio is currently 42.59%.
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Several research analysts have recently weighed in on the company. Zacks Investment Research cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a research note on Tuesday. BidaskClub cut Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. HSBC Holdings plc cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Credit Suisse Group AG cut Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Finally, Rosenblatt Securities set a $27.00 price objective on Taiwan Semiconductor Manufacturing and gave the company a “buy” rating in a research report on Saturday, April 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target 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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