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

Brown Brothers Harriman & Co. boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,268 shares of the semiconductor company’s stock after buying an additional 389 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $873,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Eagle Bay Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $25,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $28,000. Albion Financial Group UT acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $28,000. Milestone Resources Group Ltd increased its position in shares of Taiwan Semiconductor Manufacturing by 54.4% during the 2nd quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 87 shares during the last quarter. Finally, Atlas Private Wealth Advisors increased its position in shares of Taiwan Semiconductor Manufacturing by 202.3% during the 2nd quarter. Atlas Private Wealth Advisors now owns 260 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 174 shares during the last quarter. 16.55% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on TSM shares. Morgan Stanley downgraded Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Thursday, September 16th. Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Cowen started coverage on Taiwan Semiconductor Manufacturing in a research note on Monday. They set a “market perform” rating and a $120.00 target price for the company. Finally, Susquehanna Bancshares upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. 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.

TSM opened at $109.98 on Thursday. The business has a fifty day simple moving average of $115.90 and a 200 day simple moving average of $116.91. The company has a market capitalization of $570.37 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $83.16 and a 1 year high of $142.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.65.

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. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share 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%.

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.

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

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