Whittier Trust Co. Has $1.12 Million Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Whittier Trust Co. boosted its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,688 shares of the semiconductor company’s stock after purchasing an additional 452 shares during the quarter. Whittier Trust Co.’s holdings in Taiwan Semiconductor Mfg. were worth $1,124,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Brand Asset Management Group Inc. acquired a new position in Taiwan Semiconductor Mfg. in the first quarter valued at about $67,000. Ferguson Wellman Capital Management Inc. raised its stake in Taiwan Semiconductor Mfg. by 2.8% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 9,467 shares of the semiconductor company’s stock valued at $371,000 after purchasing an additional 257 shares in the last quarter. American Beacon Advisors Inc. raised its stake in 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 in the last quarter. Alera Investment Advisors LLC raised its stake in Taiwan Semiconductor Mfg. by 19.7% in the first quarter. Alera Investment Advisors LLC now owns 2,023 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 333 shares in the last quarter. Finally, Waverton Investment Management Ltd raised its stake in Taiwan Semiconductor Mfg. by 1.7% in the second quarter. Waverton Investment Management Ltd now owns 19,640 shares of the semiconductor company’s stock valued at $769,000 after purchasing an additional 333 shares in the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

NYSE TSM traded down $0.22 during trading on Friday, hitting $41.65. 9,316,772 shares of the company’s stock were exchanged, compared to its average volume of 6,842,651. 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 stock has a market capitalization of $217.14 billion, a P/E ratio of 21.15, a PEG ratio of 3.30 and a beta of 1.02. Taiwan Semiconductor Mfg. Co. Ltd. has a fifty-two week low of $34.22 and a fifty-two week high of $45.64. The firm’s 50 day moving average price is $41.11.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business had revenue of $241 billion for the quarter, compared to analyst estimates of $236.65 billion. Taiwan Semiconductor Mfg. had a return on equity of 19.01% 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 in the previous year, the firm posted $2.79 EPS. On average, equities analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 earnings per share for the current year.

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

A number of research firms recently commented on TSM. CLSA raised Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Saturday. Goldman Sachs Group started coverage on Taiwan Semiconductor Mfg. in a research note on Tuesday, May 7th. They set a “buy” rating and a $50.00 target price for the company. Finally, ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Taiwan Semiconductor Mfg. currently has a consensus rating of “Buy” and an average price target of $48.50.

Taiwan Semiconductor Mfg. 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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