United Capital Financial Advisers LLC Acquires 26,361 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

United Capital Financial Advisers LLC lifted its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 585,099 shares of the semiconductor company’s stock after buying an additional 26,361 shares during the period. United Capital Financial Advisers LLC’s holdings in Taiwan Semiconductor Mfg. were worth $23,164,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Scotia Capital Inc. boosted its position in shares of Taiwan Semiconductor Mfg. by 1.5% during the second quarter. Scotia Capital Inc. now owns 114,139 shares of the semiconductor company’s stock worth $4,471,000 after buying an additional 1,678 shares during the period. Banco de Sabadell S.A boosted its position in Taiwan Semiconductor Mfg. by 11.6% during the second quarter. Banco de Sabadell S.A now owns 169,537 shares of the semiconductor company’s stock valued at $6,641,000 after purchasing an additional 17,668 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Taiwan Semiconductor Mfg. by 6.3% during the second quarter. Parametric Portfolio Associates LLC now owns 3,864,018 shares of the semiconductor company’s stock valued at $151,354,000 after purchasing an additional 228,826 shares during the last quarter. MML Investors Services LLC boosted its position in Taiwan Semiconductor Mfg. by 12.1% during the second quarter. MML Investors Services LLC now owns 88,104 shares of the semiconductor company’s stock valued at $3,451,000 after purchasing an additional 9,525 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in Taiwan Semiconductor Mfg. by 5,527.0% during the second quarter. Toronto Dominion Bank now owns 601,525 shares of the semiconductor company’s stock valued at $23,561,000 after purchasing an additional 590,835 shares during the last quarter. 19.05% of the stock is owned by institutional investors.

Several brokerages recently commented on TSM. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Saturday, August 3rd. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Morgan Stanley raised Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 4th. Finally, CLSA raised Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research report on Friday, July 19th. Five investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $48.50.

Shares of TSM traded up $0.73 during mid-day trading on Friday, reaching $44.80. The company’s stock had a trading volume of 177,460 shares, compared to its average volume of 5,142,689. Taiwan Semiconductor Mfg. Co. Ltd. has a 1-year low of $34.22 and a 1-year high of $45.64. The stock has a market cap of $228.71 billion, a P/E ratio of 19.98, a PEG ratio of 3.47 and a beta of 1.02. The business has a 50-day simple moving average of $42.28 and a two-hundred day simple moving average of $41.19. 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. (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a net margin of 31.42% and a return on equity of 19.37%. The business had revenue of $241 billion during the quarter, compared to analyst estimates of $236.65 billion. During the same period in the previous year, the business earned $2.79 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, September 20th will be given a $0.251 dividend. The ex-dividend date is Thursday, September 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. Taiwan Semiconductor Mfg.’s payout ratio is 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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