Avalon Investment & Advisory Cuts Stock Position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

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Avalon Investment & Advisory cut its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 19.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,829 shares of the semiconductor company’s stock after selling 35,201 shares during the quarter. Avalon Investment & Advisory’s holdings in Taiwan Semiconductor Mfg. were worth $8,108,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Taiwan Semiconductor Mfg. by 6.7% in the 1st quarter. JPMorgan Chase & Co. now owns 75,185,700 shares of the semiconductor company’s stock valued at $3,593,125,000 after buying an additional 4,709,074 shares during the last quarter. Capital International Investors raised its holdings in shares of Taiwan Semiconductor Mfg. by 13.2% in the first quarter. Capital International Investors now owns 37,459,080 shares of the semiconductor company’s stock valued at $1,790,170,000 after acquiring an additional 4,358,929 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of Taiwan Semiconductor Mfg. by 4.7% in the first quarter. WCM Investment Management LLC now owns 28,965,549 shares of the semiconductor company’s stock valued at $1,384,263,000 after acquiring an additional 1,287,704 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Taiwan Semiconductor Mfg. by 157.5% in the first quarter. Wellington Management Group LLP now owns 28,863,936 shares of the semiconductor company’s stock valued at $1,379,407,000 after acquiring an additional 17,654,228 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Taiwan Semiconductor Mfg. by 16.9% in the first quarter. Schroder Investment Management Group now owns 14,280,284 shares of the semiconductor company’s stock valued at $713,586,000 after purchasing an additional 2,061,507 shares during the last quarter. Institutional investors and hedge funds own 18.63% of the company’s stock.

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Taiwan Semiconductor Mfg. in a research note on Monday, July 27th. Macquarie upgraded Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a research note on Friday, July 24th. Susquehanna Bancshares reaffirmed a “sell” rating and set a $40.00 target price on shares of Taiwan Semiconductor Mfg. in a report on Friday, July 10th. Credit Suisse Group raised Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a report on Monday, July 27th. Finally, Wedbush started coverage on Taiwan Semiconductor Mfg. in a report on Monday, April 27th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Taiwan Semiconductor Mfg. presently has a consensus rating of “Buy” and an average target price of $53.33.

Shares of Taiwan Semiconductor Mfg. stock traded down $1.66 during trading hours on Thursday, reaching $76.88. The company’s stock had a trading volume of 392,933 shares, compared to its average volume of 14,592,994. Taiwan Semiconductor Mfg. Co. Ltd. has a one year low of $40.86 and a one year high of $84.00. The company has a market capitalization of $411.83 billion, a P/E ratio of 27.57, a P/E/G ratio of 1.29 and a beta of 1.02. The stock’s fifty day simple moving average is $71.51 and its two-hundred day simple moving average is $57.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.23 and a current ratio of 1.40.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings data on Thursday, July 16th. The semiconductor company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Taiwan Semiconductor Mfg. had a net margin of 36.96% and a return on equity of 27.42%. The firm had revenue of $310.70 billion for the quarter, compared to analyst estimates of $273.44 billion. During the same period last year, the firm earned $2.57 earnings per share. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. As a group, research analysts forecast that Taiwan Semiconductor Mfg. Co. Ltd. will post 3.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Stockholders of record on Friday, December 18th will be issued a dividend of $0.4253 per share. The ex-dividend date is Thursday, December 17th. This is a boost from Taiwan Semiconductor Mfg.’s previous quarterly dividend of $0.33. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.21%. Taiwan Semiconductor Mfg.’s dividend payout ratio is currently 62.33%.

Taiwan Semiconductor Mfg. Company Profile

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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