Equitable Trust Co. Trims Stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Equitable Trust Co. reduced its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,288 shares of the semiconductor company’s stock after selling 3,747 shares during the quarter. Equitable Trust Co.’s holdings in Taiwan Semiconductor Mfg. were worth $4,985,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC increased its holdings in shares of Taiwan Semiconductor Mfg. by 129.9% in the 2nd quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 395 shares during the period. American Beacon Advisors Inc. boosted its position in shares of Taiwan Semiconductor Mfg. by 56.9% in the 1st quarter. American Beacon Advisors Inc. now owns 822 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 298 shares in the last quarter. JNBA Financial Advisors boosted its position in shares of Taiwan Semiconductor Mfg. by 87.5% in the 2nd quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 421 shares in the last quarter. Kavar Capital Partners LLC acquired a new stake in shares of Taiwan Semiconductor Mfg. in the 2nd quarter worth $38,000. Finally, Regal Wealth Group Inc. acquired a new stake in shares of Taiwan Semiconductor Mfg. in the 2nd quarter worth $39,000. Institutional investors own 19.03% of the company’s stock.

Shares of Taiwan Semiconductor Mfg. stock traded up $0.60 during trading on Wednesday, reaching $44.72. The company’s stock had a trading volume of 122,902 shares, compared to its average volume of 4,976,788. The company has a 50-day simple moving average of $42.65 and a two-hundred day simple moving average of $41.50. Taiwan Semiconductor Mfg. Co. Ltd. has a 1-year low of $34.22 and a 1-year high of $45.64. The company has a quick ratio of 1.45, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $229.80 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 3.05 and a beta of 1.01.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $241 billion for the quarter, compared to analyst estimates of $236.65 billion. During the same period in the prior year, the firm posted $2.79 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, September 20th will be given a dividend of $0.251 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.25%. Taiwan Semiconductor Mfg.’s dividend payout ratio is currently 45.09%.

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

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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