Harel Insurance Investments & Financial Services Ltd. raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 18.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,527 shares of the semiconductor company’s stock after buying an additional 2,440 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $543,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Highbridge Capital Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $555,000. Bank of Montreal Can boosted its stake in Taiwan Semiconductor Manufacturing by 137.1% in the first quarter. Bank of Montreal Can now owns 2,678,896 shares of the semiconductor company’s stock worth $87,975,000 after buying an additional 1,548,895 shares during the period. Gradient Investments LLC boosted its stake in Taiwan Semiconductor Manufacturing by 15,122.2% in the first quarter. Gradient Investments LLC now owns 8,220 shares of the semiconductor company’s stock worth $270,000 after buying an additional 8,166 shares during the period. Capstone Asset Management Co. boosted its stake in Taiwan Semiconductor Manufacturing by 4.4% in the first quarter. Capstone Asset Management Co. now owns 911,609 shares of the semiconductor company’s stock worth $29,937,000 after buying an additional 38,481 shares during the period. Finally, Atria Investments LLC boosted its stake in Taiwan Semiconductor Manufacturing by 2.9% in the first quarter. Atria Investments LLC now owns 21,491 shares of the semiconductor company’s stock worth $706,000 after buying an additional 614 shares during the period. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM) opened at 36.46 on Thursday. The company has a market capitalization of $189.08 billion, a PE ratio of 16.42 and a beta of 0.77. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $28.20 and a 12-month high of $36.96. The firm’s 50-day moving average is $35.83 and its 200-day moving average is $33.78.

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

The company also recently disclosed an annual dividend, which was paid on Thursday, July 20th. Stockholders of record on Wednesday, June 28th were given a $0.927 dividend. This represents a dividend yield of 3.25%. The ex-dividend date was Monday, June 26th. This is an increase from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 42.59%.

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A number of equities research analysts have issued reports on TSM shares. Rosenblatt Securities set a $27.00 price target on shares of Taiwan Semiconductor Manufacturing and gave the company a “buy” rating in a report on Saturday, April 15th. Zacks Investment Research cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. Credit Suisse Group cut shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. HSBC Holdings plc cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BidaskClub cut shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Taiwan Semiconductor Manufacturing presently has a consensus rating of “Hold” and a consensus target price of $31.67.

About Taiwan Semiconductor Manufacturing

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.

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

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