Brown Brothers Harriman & Co. Has $873,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Brown Brothers Harriman & Co. lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,268 shares of the semiconductor company’s stock after purchasing an additional 389 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $873,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Holistic Financial Partners raised its position in Taiwan Semiconductor Manufacturing by 44.9% in the 2nd quarter. Holistic Financial Partners now owns 3,442 shares of the semiconductor company’s stock valued at $414,000 after buying an additional 1,066 shares during the last quarter. 180 Wealth Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 3.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 9,397 shares of the semiconductor company’s stock valued at $1,093,000 after buying an additional 294 shares during the last quarter. Chiron Investment Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $21,657,000. Clarity Financial LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $372,000. Finally, Martin Currie Ltd. raised its position in Taiwan Semiconductor Manufacturing by 20.6% in the 2nd quarter. Martin Currie Ltd. now owns 2,981,778 shares of the semiconductor company’s stock valued at $358,290,000 after buying an additional 508,704 shares during the last quarter. 16.55% of the stock is currently owned by institutional investors.

Several research firms have weighed in on TSM. Susquehanna raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price target for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. Morgan Stanley lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 21st. Susquehanna Bancshares raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price target for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, September 16th. Finally, Argus started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 22nd. They set a “buy” rating and a $150.00 price target on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Hold” and an average target price of $126.76.

Shares of NYSE TSM opened at $109.98 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $83.16 and a 12 month high of $142.20. The stock has a 50 day moving average of $115.90 and a 200-day moving average of $116.91. The company has a market capitalization of $570.37 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.90 and a beta of 0.89.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.93. The business had revenue of $372.15 billion during the quarter, compared to the consensus estimate of $372.58 billion. Taiwan Semiconductor Manufacturing had a return on equity of 29.17% and a net margin of 38.14%. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.66 EPS. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 13th. Investors of record on Friday, December 17th will be paid a $0.4941 dividend. The ex-dividend date is Thursday, December 16th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.98 annualized dividend and a yield of 1.80%. Taiwan Semiconductor Manufacturing’s payout ratio is 45.72%.

About Taiwan Semiconductor Manufacturing

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.

Read More: The benefits and drawbacks of dollar cost averaging

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM).

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

Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.