Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Position Lowered by KEYWISE CAPITAL MANAGEMENT Ltd

KEYWISE CAPITAL MANAGEMENT Ltd cut its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 45.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 817,400 shares of the semiconductor company’s stock after selling 682,900 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 15.6% of KEYWISE CAPITAL MANAGEMENT Ltd’s portfolio, making the stock its 3rd largest position. KEYWISE CAPITAL MANAGEMENT Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $28,576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Highbridge Capital Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $555,000. Manning & Napier Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 0.5% in the first quarter. Manning & Napier Advisors LLC now owns 553,737 shares of the semiconductor company’s stock valued at $18,183,000 after buying an additional 2,545 shares during the last quarter. Cardinal Capital Management Inc. bought a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $4,544,000. Harding Loevner LP boosted its position in Taiwan Semiconductor Manufacturing by 2.0% in the first quarter. Harding Loevner LP now owns 14,421,861 shares of the semiconductor company’s stock valued at $473,614,000 after buying an additional 276,621 shares during the last quarter. Finally, Cornerstone Investment Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 5.8% in the first quarter. Cornerstone Investment Partners LLC now owns 2,033,623 shares of the semiconductor company’s stock valued at $66,784,000 after buying an additional 111,681 shares during the last quarter. Hedge funds and other institutional investors own 19.65% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded up 0.20% during mid-day trading on Friday, reaching $35.86. 3,692,805 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $35.84 and its 200-day moving average price is $34.01. The company has a market capitalization of $185.97 billion, a PE ratio of 16.15 and a beta of 0.77. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $28.20 and a one year high of $36.96.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 13th. The semiconductor company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.50 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.61%. The business had revenue of $213.86 billion for the quarter, compared to analyst estimates of $214.25 billion. During the same quarter in the previous year, the firm posted $2.80 earnings per share. The business’s revenue was down 3.6% on a year-over-year basis. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current year.

The firm also recently disclosed 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. This represents a yield of 3.25%. This is a boost from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. The ex-dividend date of this dividend was Monday, June 26th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 42.59%.

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TSM has been the subject of several research reports. Zacks Investment Research cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. HSBC Holdings plc cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Credit Suisse Group cut shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Finally, BidaskClub cut shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $31.67.

Taiwan Semiconductor Manufacturing Company Profile

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.

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

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