Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Shares Bought by Scotia Capital Inc.

Scotia Capital Inc. raised its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 1.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 114,139 shares of the semiconductor company’s stock after acquiring an additional 1,678 shares during the period. Scotia Capital Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $4,471,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC increased its holdings in Taiwan Semiconductor Mfg. by 129.9% during the 2nd quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 395 shares in the last quarter. American Beacon Advisors Inc. grew its holdings in shares of Taiwan Semiconductor Mfg. by 56.9% during the first quarter. American Beacon Advisors Inc. now owns 822 shares of the semiconductor company’s stock worth $34,000 after buying an additional 298 shares in the last quarter. JNBA Financial Advisors grew its holdings in shares of Taiwan Semiconductor Mfg. by 87.5% during the second quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock worth $35,000 after buying an additional 421 shares in the last quarter. Kavar Capital Partners LLC purchased a new stake in shares of Taiwan Semiconductor Mfg. during the second quarter worth about $38,000. Finally, Regal Wealth Group Inc. purchased a new stake in shares of Taiwan Semiconductor Mfg. during the second quarter worth about $39,000. Institutional investors own 19.05% of the company’s stock.

A number of brokerages have recently commented on TSM. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price target for the company in a report on Saturday, August 3rd. CLSA upgraded shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a report on Friday, July 19th. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Finally, Morgan Stanley upgraded shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Wednesday, September 4th. Five research analysts have rated the stock with a buy rating, Taiwan Semiconductor Mfg. currently has an average rating of “Buy” and an average price target of $48.50.

Taiwan Semiconductor Mfg. stock traded up $0.67 during trading on Friday, reaching $44.74. The company had a trading volume of 158,793 shares, compared to its average volume of 5,142,689. Taiwan Semiconductor Mfg. Co. Ltd. has a 12-month low of $34.22 and a 12-month high of $45.64. The stock’s 50 day moving average price is $42.28 and its two-hundred day moving average price is $41.19. The firm has a market capitalization of $228.71 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 3.47 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 1.62.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a net margin of 31.42% and a return on equity of 19.37%. The company had revenue of $241 billion during the quarter, compared to analysts’ expectations of $236.65 billion. During the same quarter in the previous year, the firm posted $2.79 earnings per share. Taiwan Semiconductor Mfg.’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, September 20th will be issued a $0.251 dividend. The ex-dividend date is Thursday, September 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.24%. Taiwan Semiconductor Mfg.’s payout ratio is 45.54%.

Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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

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