Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Shares Acquired by Man Group plc

Man Group plc increased its holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 225.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,407,316 shares of the semiconductor company’s stock after buying an additional 3,055,062 shares during the period. Taiwan Semiconductor Mfg. comprises approximately 0.6% of Man Group plc’s holdings, making the stock its 18th biggest position. Man Group plc owned 0.08% of Taiwan Semiconductor Mfg. worth $172,635,000 as of its most recent SEC filing.

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

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

Shares of TSM stock traded down $0.14 during trading hours on Thursday, hitting $44.90. The company’s stock had a trading volume of 353,027 shares, compared to its average volume of 4,872,031. The business has a fifty day moving average of $42.40 and a 200-day moving average of $41.35. The stock has a market cap of $233.81 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 3.51 and a beta of 1.02. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $34.22 and a twelve month high of $45.64. The company has a current ratio of 1.62, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03.

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

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

About Taiwan Semiconductor Mfg.

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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