Pekin Singer Strauss Asset Management IL increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 116.5% during the second quarter, Holdings Channel reports. The firm owned 269,055 shares of the semiconductor company’s stock after buying an additional 144,795 shares during the period. Taiwan Semiconductor Manufacturing makes up about 1.5% of Pekin Singer Strauss Asset Management IL’s portfolio, making the stock its 14th largest position. Pekin Singer Strauss Asset Management IL’s holdings in Taiwan Semiconductor Manufacturing were worth $9,406,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Pictet & Cie Europe SA bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $134,000. Pictet North America Advisors SA bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $166,000. Advisory Services Network LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $184,000. U S Global Investors Inc bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $187,000. Finally, Sit Investment Associates Inc. raised its stake 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. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) opened at 36.14 on Friday. The firm has a 50-day moving average price of $35.78 and a 200 day moving average price of $33.84. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $28.20 and a 12 month high of $36.96. The company has a market capitalization of $187.42 billion, a P/E ratio of 16.28 and a beta of 0.77.

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 net margin of 36.11% and a return on equity of 25.65%. The business had revenue of $213.86 billion during the quarter, compared to analyst estimates of $214.25 billion. During the same period in the previous year, the business earned $2.80 earnings per share. The business’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current year.

The firm 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%. This is a boost from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. The ex-dividend date was Monday, June 26th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 42.59%.

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Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. HSBC Holdings plc lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Credit Suisse Group lowered Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. BidaskClub lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Rosenblatt Securities set a $27.00 target price on Taiwan Semiconductor Manufacturing and gave the stock a “buy” rating in a report on Saturday, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing currently has an average rating of “Hold” and a consensus price target 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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