Marshall Wace North America L.P. Boosts Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Marshall Wace North America L.P. raised its holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 5,653.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 546,593 shares of the semiconductor company’s stock after purchasing an additional 537,093 shares during the quarter. Marshall Wace North America L.P.’s holdings in Taiwan Semiconductor Mfg. were worth $21,410,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TSM. Cornerstone Advisors Inc. boosted its holdings in Taiwan Semiconductor Mfg. by 8.3% in the first quarter. Cornerstone Advisors Inc. now owns 17,048 shares of the semiconductor company’s stock valued at $698,000 after purchasing an additional 1,308 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Taiwan Semiconductor Mfg. by 15.5% in the first quarter. Toronto Dominion Bank now owns 10,690 shares of the semiconductor company’s stock valued at $438,000 after purchasing an additional 1,437 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Taiwan Semiconductor Mfg. by 49.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 172,963 shares of the semiconductor company’s stock valued at $7,085,000 after purchasing an additional 57,041 shares during the last quarter. Buckingham Capital Management Inc. boosted its holdings in Taiwan Semiconductor Mfg. by 48.8% in the first quarter. Buckingham Capital Management Inc. now owns 135,825 shares of the semiconductor company’s stock valued at $5,563,000 after purchasing an additional 44,546 shares during the last quarter. Finally, TD Asset Management Inc. boosted its holdings in Taiwan Semiconductor Mfg. by 7.7% in the first quarter. TD Asset Management Inc. now owns 1,289,542 shares of the semiconductor company’s stock valued at $52,819,000 after purchasing an additional 91,747 shares during the last quarter. 19.03% of the stock is currently owned by institutional investors.

Shares of TSM stock traded down $0.12 during mid-day trading on Thursday, hitting $44.92. 327,442 shares of the stock were exchanged, compared to its average volume of 4,872,031. The firm has a fifty day moving average of $42.40 and a 200 day moving average of $41.35. The company has a quick ratio of 1.45, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $34.22 and a 52-week high of $45.64. The company has a market cap of $233.81 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 3.51 and a beta of 1.02.

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

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

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

Taiwan Semiconductor Mfg. 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.

Further Reading: Stochastic Momentum Index (SMI)

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

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