TD Asset Management Inc. cut its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 1.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,194,522 shares of the semiconductor company’s stock after selling 25,504 shares during the period. TD Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $76,721,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hermes Investment Management Ltd. boosted its position in shares of Taiwan Semiconductor Manufacturing by 21.4% in the first quarter. Hermes Investment Management Ltd. now owns 5,898,590 shares of the semiconductor company’s stock worth $193,710,000 after buying an additional 1,040,142 shares during the last quarter. Rothschild Investment Corp IL boosted its position in shares of Taiwan Semiconductor Manufacturing by 41.7% in the first quarter. Rothschild Investment Corp IL now owns 51,877 shares of the semiconductor company’s stock worth $1,704,000 after buying an additional 15,274 shares during the last quarter. Huntington National Bank boosted its position in shares of Taiwan Semiconductor Manufacturing by 6.5% in the first quarter. Huntington National Bank now owns 16,595 shares of the semiconductor company’s stock worth $545,000 after buying an additional 1,008 shares during the last quarter. DnB Asset Management AS boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.5% in the first quarter. DnB Asset Management AS now owns 271,158 shares of the semiconductor company’s stock worth $8,905,000 after buying an additional 6,700 shares during the last quarter. Finally, Reliance Trust Co. of Delaware boosted its position in shares of Taiwan Semiconductor Manufacturing by 23.3% in the first quarter. Reliance Trust Co. of Delaware now owns 17,026 shares of the semiconductor company’s stock worth $559,000 after buying an additional 3,222 shares during the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM) opened at 36.79 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $28.20 and a 12-month high of $36.92. The company’s 50-day moving average price is $35.75 and its 200-day moving average price is $33.55. The firm has a market capitalization of $190.79 billion, a PE ratio of 16.68 and a beta of 0.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 25.65% and a net margin of 36.11%. The business had revenue of $213.86 billion for the quarter, compared to the consensus estimate of $214.25 billion. During the same quarter in the previous year, the company earned $2.80 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current year.

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

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A number of equities analysts have recently issued reports on the company. HSBC Holdings plc cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. BidaskClub cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. Credit Suisse Group cut Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Taiwan Semiconductor Manufacturing currently has a consensus 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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