Chartwell Investment Partners LLC Buys 12,442 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Chartwell Investment Partners LLC increased its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 20.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,423 shares of the semiconductor company’s stock after purchasing an additional 12,442 shares during the period. Chartwell Investment Partners LLC’s holdings in Taiwan Semiconductor Mfg. were worth $4,225,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TSM. JPMorgan Chase & Co. increased its stake in shares of 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 period. Capital International Investors raised its holdings in Taiwan Semiconductor Mfg. by 13.2% during the 1st quarter. Capital International Investors now owns 37,459,080 shares of the semiconductor company’s stock worth $1,790,170,000 after purchasing an additional 4,358,929 shares during the last quarter. WCM Investment Management LLC raised its holdings in Taiwan Semiconductor Mfg. by 4.7% during the 1st quarter. WCM Investment Management LLC now owns 28,965,549 shares of the semiconductor company’s stock worth $1,384,263,000 after purchasing an additional 1,287,704 shares during the last quarter. Wellington Management Group LLP lifted its position in Taiwan Semiconductor Mfg. by 157.5% during the 1st quarter. Wellington Management Group LLP now owns 28,863,936 shares of the semiconductor company’s stock valued at $1,379,407,000 after purchasing an additional 17,654,228 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Taiwan Semiconductor Mfg. by 16.9% in the 1st 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. Hedge funds and other institutional investors own 18.63% of the company’s stock.

TSM has been the topic of several analyst reports. Credit Suisse Group upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a report on Monday, July 27th. Macquarie upgraded Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. Wedbush began coverage on Taiwan Semiconductor Mfg. in a report on Monday, April 27th. They issued an “outperform” rating for the company. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Taiwan Semiconductor Mfg. in a report on Monday, July 27th. One 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. The company presently has an average rating of “Buy” and a consensus price target of $53.33.

Shares of Taiwan Semiconductor Mfg. stock opened at $78.89 on Friday. The stock’s fifty day simple moving average is $62.66 and its 200 day simple moving average is $55.44. The company has a current ratio of 1.36, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $409.13 billion, a PE ratio of 27.39, a PEG ratio of 1.28 and a beta of 0.88. Taiwan Semiconductor Mfg. Co. Ltd. has a 12 month low of $39.78 and a 12 month high of $83.40.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 16th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. Taiwan Semiconductor Mfg. had a return on equity of 27.95% and a net margin of 36.96%. The company had revenue of $310.70 billion during the quarter, compared to the consensus estimate of $273.44 billion. During the same period in the prior year, the company earned $2.57 earnings per share. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. Analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 3.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 18th will be issued a dividend of $0.3304 per share. The ex-dividend date is Thursday, September 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.68%. Taiwan Semiconductor Mfg.’s payout ratio is presently 62.33%.

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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