UBS Asset Management Americas Inc. Decreases Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

UBS Asset Management Americas Inc. trimmed its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 32.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,346,295 shares of the semiconductor company’s stock after selling 1,592,454 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of Taiwan Semiconductor Mfg. worth $131,074,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSM. Cornerstone Advisors Inc. increased its position in shares of Taiwan Semiconductor Mfg. by 8.3% in the first quarter. Cornerstone Advisors Inc. now owns 17,048 shares of the semiconductor company’s stock worth $698,000 after purchasing an additional 1,308 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Taiwan Semiconductor Mfg. by 15.5% in the first quarter. Toronto Dominion Bank now owns 10,690 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 1,437 shares during the last quarter. Buckingham Capital Management Inc. increased its position in shares of Taiwan Semiconductor Mfg. by 48.8% in the first quarter. Buckingham Capital Management Inc. now owns 135,825 shares of the semiconductor company’s stock worth $5,563,000 after purchasing an additional 44,546 shares during the last quarter. National Asset Management Inc. bought a new position in shares of Taiwan Semiconductor Mfg. in the first quarter worth approximately $293,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Taiwan Semiconductor Mfg. by 23.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,640 shares of the semiconductor company’s stock worth $886,000 after purchasing an additional 4,108 shares during the last quarter. 19.03% of the stock is currently owned by institutional investors.

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



TSM stock traded up $0.02 on Tuesday, reaching $44.09. The company’s stock had a trading volume of 319,508 shares, compared to its average volume of 4,976,788. The business has a fifty day simple moving average of $42.60 and a two-hundred day simple moving average of $41.47. Taiwan Semiconductor Mfg. Co. Ltd. has a 12-month low of $34.22 and a 12-month high of $45.64. The firm has a market cap of $227.51 billion, a PE ratio of 19.69, a PEG ratio of 3.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 1.62.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly 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). Taiwan Semiconductor Mfg. had a return on equity of 19.37% and a net margin of 31.42%. The business had revenue of $241 billion during the quarter, compared to analysts’ expectations of $236.65 billion. During the same period in the previous year, the business earned $2.79 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, research analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, September 20th will be paid a $0.251 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, September 19th. Taiwan Semiconductor Mfg.’s payout ratio is 45.09%.

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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