Reliance Trust Co. of Delaware Has $585,000 Position in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Reliance Trust Co. of Delaware lowered its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,735 shares of the semiconductor company’s stock after selling 291 shares during the period. Reliance Trust Co. of Delaware’s holdings in Taiwan Semiconductor Manufacturing were worth $585,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at $205,000. Park Avenue Securities LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $425,000. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Taiwan Semiconductor Manufacturing by 357.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 498,688 shares of the semiconductor company’s stock worth $17,434,000 after buying an additional 389,745 shares during the last quarter. Cornerstone Advisors Inc. boosted its position 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 during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 7.7% in the second quarter. Gilman Hill Asset Management LLC now owns 30,160 shares of the semiconductor company’s stock worth $1,054,000 after buying an additional 2,165 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded up 2.26% during midday trading on Friday, hitting $36.14. The stock had a trading volume of 4,291,140 shares. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $28.20 and a 1-year high of $36.96. The company has a market cap of $187.42 billion, a price-to-earnings ratio of 16.28 and a beta of 0.77. The company’s 50 day moving average is $35.78 and its 200 day moving average is $33.84.

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

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

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Several analysts have recently commented on TSM shares. BidaskClub cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. 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 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 target on Taiwan Semiconductor Manufacturing and gave the stock a “buy” rating in a research report on Saturday, April 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Taiwan Semiconductor Manufacturing has an average rating of “Hold” and an average 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.

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

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