National Planning Corp increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 10.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 56,927 shares of the semiconductor company’s stock after buying an additional 5,318 shares during the period. National Planning Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $1,986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Pictet & Cie Europe SA bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $134,000. Pictet North America Advisors SA bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $166,000. Advisory Services Network LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $184,000. U S Global Investors Inc bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $187,000. Finally, Sit Investment Associates Inc. boosted its position in Taiwan Semiconductor Manufacturing by 107.7% in the second quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock valued at $189,000 after buying an additional 2,800 shares during the period. Institutional investors own 19.93% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) opened at 35.34 on Friday. The stock has a market cap of $183.27 billion, a price-to-earnings ratio of 15.92 and a beta of 0.77. The firm has a 50-day moving average price of $35.79 and a 200 day moving average price of $33.79. 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 data on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 25.65% and a net margin of 36.11%. The firm had revenue of $213.86 billion during the quarter, compared to the consensus estimate of $214.25 billion. During the same period in the previous year, the firm earned $2.80 EPS. The business’s revenue was down 3.6% compared to the same quarter last year. On average, analysts forecast 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. Shareholders of record on Wednesday, June 28th were paid a $0.927 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. The ex-dividend date of this dividend was Monday, June 26th. This represents a yield of 3.25%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 42.59%.

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TSM has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Thursday, June 15th. Rosenblatt Securities set a $27.00 price objective on shares of Taiwan Semiconductor Manufacturing and gave the stock a “buy” rating in a research report on Saturday, April 15th. BidaskClub cut shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. HSBC Holdings plc cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Credit Suisse Group cut shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Taiwan Semiconductor Manufacturing presently has a consensus rating of “Hold” and an average target price of $31.67.

Taiwan Semiconductor Manufacturing Company Profile

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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