DNB Asset Management AS increased its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 463.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,070,085 shares of the semiconductor company’s stock after acquiring an additional 880,000 shares during the period. DNB Asset Management AS’s holdings in Taiwan Semiconductor Mfg. were worth $41,915,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sanders Capital LLC raised its holdings in Taiwan Semiconductor Mfg. by 6.1% in the 1st quarter. Sanders Capital LLC now owns 35,903,507 shares of the semiconductor company’s stock worth $1,625,456,000 after acquiring an additional 2,078,500 shares during the last quarter. WCM Investment Management LLC raised its holdings in Taiwan Semiconductor Mfg. by 0.7% in the 1st quarter. WCM Investment Management LLC now owns 24,811,806 shares of the semiconductor company’s stock worth $1,016,291,000 after acquiring an additional 171,725 shares during the last quarter. FMR LLC raised its holdings in Taiwan Semiconductor Mfg. by 17.0% in the 1st quarter. FMR LLC now owns 18,457,357 shares of the semiconductor company’s stock worth $756,013,000 after acquiring an additional 2,687,148 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Taiwan Semiconductor Mfg. by 32.8% in the 1st quarter. Lazard Asset Management LLC now owns 15,770,378 shares of the semiconductor company’s stock worth $645,953,000 after acquiring an additional 3,897,469 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings in Taiwan Semiconductor Mfg. by 1.6% in the 1st quarter. Fiera Capital Corp now owns 13,575,179 shares of the semiconductor company’s stock worth $556,040,000 after acquiring an additional 214,720 shares during the last quarter. Institutional investors own 19.64% of the company’s stock.

NYSE:TSM traded down $0.18 during trading hours on Tuesday, reaching $44.42. The company had a trading volume of 6,564,200 shares, compared to its average volume of 8,433,070. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.62. Taiwan Semiconductor Mfg. Co. Ltd. has a 52 week low of $34.22 and a 52 week high of $45.64. The stock has a market cap of $231.30 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 3.45 and a beta of 1.03. The company’s 50 day simple moving average is $40.28.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a return on equity of 19.01% and a net margin of 31.42%. The company had revenue of $241 billion during the quarter, compared to the consensus estimate of $236.65 billion. During the same period last year, the firm posted $2.79 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 earnings per share for the current year.

The business also recently announced an annual dividend, which was paid on Thursday, July 18th. Shareholders of record on Tuesday, June 25th were given a $1.2756 dividend. This represents a yield of 2.56%. The ex-dividend date of this dividend was Monday, June 24th. Taiwan Semiconductor Mfg.’s dividend payout ratio (DPR) is presently 45.54%.

A number of equities analysts recently weighed in on the stock. CLSA upgraded shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a report on Friday. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Goldman Sachs Group set a €40.50 ($47.09) target price on shares of Koninklijke Philips and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, June 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.00.

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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