Wetherby Asset Management Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,360 shares of the semiconductor company’s stock after buying an additional 1,643 shares during the period. Wetherby Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,740,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TSM. Cookson Peirce & Co. Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% in the first quarter. Cookson Peirce & Co. Inc. now owns 427,505 shares of the semiconductor company’s stock valued at $14,039,000 after buying an additional 13,740 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Taiwan Semiconductor Manufacturing by 46.7% in the first quarter. Tower Research Capital LLC TRC now owns 33,570 shares of the semiconductor company’s stock valued at $1,103,000 after buying an additional 10,685 shares during the last quarter. Cumberland Partners Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $2,034,000. Bancorpsouth Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 18.9% in the first quarter. Bancorpsouth Inc. now owns 10,455 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 1,663 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 46.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 56,037 shares of the semiconductor company’s stock valued at $1,840,000 after buying an additional 17,673 shares during the last quarter. Institutional investors and hedge funds own 19.93% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) opened at 36.46 on Thursday. The firm has a market cap of $189.08 billion, a price-to-earnings ratio of 16.42 and a beta of 0.77. The company’s 50-day moving average price is $35.83 and its 200-day moving average price is $33.78. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.20 and a 52-week high of $36.96.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.08. The business had revenue of $213.86 billion for the quarter, compared to the consensus estimate of $214.25 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.65% and a net margin of 36.11%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned $2.80 earnings per share. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current year.

The firm also recently declared an annual dividend, which was paid on Thursday, July 20th. Investors of record on Wednesday, June 28th were given a dividend of $0.927 per share. The ex-dividend date was Monday, June 26th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. This represents a yield of 3.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 42.59%.

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TSM has been the topic of several analyst reports. BidaskClub downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. HSBC Holdings plc lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Credit Suisse Group lowered Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research note on Monday, May 15th. Finally, Rosenblatt Securities set a $27.00 target price on Taiwan Semiconductor Manufacturing and gave the stock a “buy” rating in a research report on Saturday, April 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Taiwan Semiconductor Manufacturing has an average 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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