Jupiter Asset Management Ltd. Has $34.41 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Jupiter Asset Management Ltd. trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 197,996 shares of the semiconductor company’s stock after selling 9,707 shares during the period. Jupiter Asset Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $34,414,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TSM. Cibc World Market Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 5.3% during the 2nd quarter. Cibc World Market Inc. now owns 994,351 shares of the semiconductor company’s stock valued at $172,828,000 after acquiring an additional 50,233 shares during the last quarter. American Century Companies Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 2.9% during the second quarter. American Century Companies Inc. now owns 4,519,925 shares of the semiconductor company’s stock valued at $785,608,000 after purchasing an additional 128,078 shares during the last quarter. LPL Financial LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 40.8% in the second quarter. LPL Financial LLC now owns 976,227 shares of the semiconductor company’s stock valued at $169,678,000 after purchasing an additional 282,839 shares during the period. SP Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 12.3% in the second quarter. SP Asset Management LLC now owns 3,164 shares of the semiconductor company’s stock worth $550,000 after buying an additional 347 shares during the last quarter. Finally, South Street Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $216,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 4.8 %

Shares of TSM opened at $170.18 on Thursday. The stock’s 50-day moving average price is $169.09 and its 200 day moving average price is $156.07. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $882.62 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 0.92 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 32.57%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Susquehanna reaffirmed a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Needham & Company LLC upped their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Sanford C. Bernstein raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.