Cidel Asset Management Inc. Buys 2,841 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cidel Asset Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 282,910 shares of the semiconductor company’s stock after buying an additional 2,841 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.4% of Cidel Asset Management Inc.’s portfolio, making the stock its 24th largest position. Cidel Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $33,994,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Milestone Resources Group Ltd grew its stake in shares of Taiwan Semiconductor Manufacturing by 54.4% during the second quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 87 shares during the last quarter. Winch Advisory Services LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 53.6% in the second quarter. Winch Advisory Services LLC now owns 275 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 96 shares during the period. Cloverfields Capital Group LP boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.8% in the first quarter. Cloverfields Capital Group LP now owns 5,386 shares of the semiconductor company’s stock valued at $637,000 after purchasing an additional 97 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 51.9% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 284 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 97 shares during the period. Finally, High Pointe Capital Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.8% in the first quarter. High Pointe Capital Management LLC now owns 5,626 shares of the semiconductor company’s stock valued at $665,000 after purchasing an additional 100 shares during the period. 16.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TSM traded down $1.80 during midday trading on Wednesday, hitting $121.29. 164,920 shares of the company’s stock traded hands, compared to its average volume of 10,354,413. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $76.17 and a 1 year high of $142.20. The firm’s fifty day moving average is $117.84 and its 200-day moving average is $117.54. The company has a current ratio of 1.92, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $629.02 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Wednesday, July 14th. The semiconductor company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. Taiwan Semiconductor Manufacturing had a return on equity of 29.17% and a net margin of 38.14%. The firm had revenue of $372.15 billion during the quarter, compared to analyst estimates of $372.58 billion. During the same quarter in the prior year, the business posted $4.66 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Stockholders of record on Friday, December 17th will be issued a dividend of $0.4941 per share. This represents a $1.98 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, December 16th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 41.59%.

A number of analysts recently issued reports on TSM shares. Morgan Stanley lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, June 21st. Argus started coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 price target for the company. Zacks Investment Research lowered Taiwan Semiconductor Manufacturing from a “hold” rating to a “sell” rating in a report on Tuesday, August 31st. Needham & Company LLC started coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They set a “buy” rating and a $123.05 target price for the company. Finally, Susquehanna Bancshares upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their target price for the stock from $85.00 to $105.00 in a report on Wednesday, June 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Hold” and an average price target of $127.72.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

Further Reading: What is a good dividend yield?

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

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