ClariVest Asset Management LLC reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 8.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 784,545 shares of the semiconductor company’s stock after selling 74,800 shares during the period. ClariVest Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $27,429,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 70,175.6% in the first quarter. BlackRock Inc. now owns 18,320,853 shares of the semiconductor company’s stock worth $601,657,000 after buying an additional 18,294,783 shares during the period. Fisher Asset Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 22.3% in the second quarter. Fisher Asset Management LLC now owns 34,471,281 shares of the semiconductor company’s stock worth $1,205,116,000 after buying an additional 6,281,847 shares during the period. Wellington Management Group LLP boosted its stake in Taiwan Semiconductor Manufacturing by 63.6% in the first quarter. Wellington Management Group LLP now owns 11,775,414 shares of the semiconductor company’s stock worth $386,705,000 after buying an additional 4,579,517 shares during the period. Vontobel Asset Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 36.3% in the second quarter. Vontobel Asset Management Inc. now owns 14,342,431 shares of the semiconductor company’s stock worth $513,720,000 after buying an additional 3,819,919 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 6.2% in the first quarter. Vanguard Group Inc. now owns 39,143,222 shares of the semiconductor company’s stock worth $1,285,463,000 after buying an additional 2,272,816 shares during the period. 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’s 50-day moving average is $35.78 and its 200-day moving average is $33.84. The stock has a market capitalization of $187.42 billion, a price-to-earnings ratio of 16.28 and a beta of 0.77. 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 posted its quarterly earnings data on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.08. The firm had revenue of $213.86 billion during the quarter, compared to analyst estimates of $214.25 billion. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.65%. Taiwan Semiconductor Manufacturing’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.80 earnings per share. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current year.

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

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TSM has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a research note on Tuesday, July 18th. HSBC Holdings plc cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Credit Suisse Group cut shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research note on Monday, May 15th. BidaskClub cut shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Finally, Rosenblatt Securities set a $27.00 price target on shares of 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 assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target 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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