Dalton Investments LLC Sells 25,800 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Dalton Investments LLC decreased its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 21.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 93,100 shares of the semiconductor company’s stock after selling 25,800 shares during the quarter. Taiwan Semiconductor Mfg. makes up approximately 1.7% of Dalton Investments LLC’s portfolio, making the stock its 16th largest position. Dalton Investments LLC’s holdings in Taiwan Semiconductor Mfg. were worth $3,647,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Ferguson Wellman Capital Management Inc. increased its position in Taiwan Semiconductor Mfg. by 2.8% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 9,467 shares of the semiconductor company’s stock worth $371,000 after buying an additional 257 shares during the period. Bailard Inc. increased its position in Taiwan Semiconductor Mfg. by 0.8% during the 2nd quarter. Bailard Inc. now owns 38,765 shares of the semiconductor company’s stock worth $1,518,000 after buying an additional 295 shares during the period. American Beacon Advisors Inc. increased its position in Taiwan Semiconductor Mfg. by 56.9% during the 1st quarter. American Beacon Advisors Inc. now owns 822 shares of the semiconductor company’s stock worth $34,000 after buying an additional 298 shares during the period. Alera Investment Advisors LLC increased its position in Taiwan Semiconductor Mfg. by 19.7% during the 1st quarter. Alera Investment Advisors LLC now owns 2,023 shares of the semiconductor company’s stock worth $83,000 after buying an additional 333 shares during the period. Finally, Waverton Investment Management Ltd increased its position in Taiwan Semiconductor Mfg. by 1.7% during the 2nd quarter. Waverton Investment Management Ltd now owns 19,640 shares of the semiconductor company’s stock worth $769,000 after buying an additional 333 shares during the period. Hedge funds and other institutional investors own 19.05% of the company’s stock.

Several research firms have recently issued reports on TSM. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Saturday, August 3rd. Morgan Stanley raised Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Wednesday, September 4th. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Finally, CLSA raised Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a report on Friday, July 19th. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $48.50.

TSM opened at $44.07 on Friday. The firm has a market cap of $228.71 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 3.47 and a beta of 1.02. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $34.22 and a 52-week high of $45.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 1.62. The business’s fifty day moving average is $42.28 and its 200-day moving average is $41.19.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $241 billion for the quarter, compared to analyst estimates of $236.65 billion. Taiwan Semiconductor Mfg. had a return on equity of 19.37% and a net margin of 31.42%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $2.79 earnings per share. On average, research analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.251 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, September 19th. Taiwan Semiconductor Mfg.’s dividend payout ratio (DPR) is currently 45.54%.

About Taiwan Semiconductor Mfg.

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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