Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 8.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,764,529 shares of the semiconductor company’s stock after selling 5,654,367 shares during the period. Taiwan Semiconductor Manufacturing Company accounts for approximately 0.9% of Massachusetts Financial Services Co. MA’s portfolio, making the stock its 26th largest position. Massachusetts Financial Services Co. MA owned 1.13% of Taiwan Semiconductor Manufacturing Company worth $1,929,827,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Pictet & Cie Europe SA purchased a new position in Taiwan Semiconductor Manufacturing Company during the first quarter worth about $134,000. Pictet North America Advisors SA purchased a new position in Taiwan Semiconductor Manufacturing Company during the first quarter worth about $166,000. SRS Capital Advisors Inc. purchased a new position in Taiwan Semiconductor Manufacturing Company during the fourth quarter worth about $175,000. Advisory Services Network LLC purchased a new position in Taiwan Semiconductor Manufacturing Company during the first quarter worth about $184,000. Finally, Ingalls & Snyder LLC purchased a new position in Taiwan Semiconductor Manufacturing Company during the first quarter worth about $205,000. 19.88% of the stock is currently owned by institutional investors.

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

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded up 0.39% on Tuesday, reaching $36.35. The company’s stock had a trading volume of 2,054,367 shares. The firm’s 50-day moving average price is $35.37 and its 200 day moving average price is $32.21. The company has a market cap of $188.51 billion, a P/E ratio of 16.05 and a beta of 0.75. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $24.35 and a 52-week high of $36.90.

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 13th. The semiconductor company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $233.91 billion during the quarter, compared to analyst estimates of $237.12 billion. Taiwan Semiconductor Manufacturing Company had a return on equity of 26.86% and a net margin of 36.52%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.50 EPS. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.19 EPS for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Thursday, July 20th. Shareholders of record on Wednesday, June 28th will be issued a dividend of $0.927 per share. This is a positive change from Taiwan Semiconductor Manufacturing Company’s previous annual dividend of $0.74. This represents a yield of 3.25%. The ex-dividend date of this dividend is Monday, June 26th. Taiwan Semiconductor Manufacturing Company’s payout ratio is currently 34.56%.

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A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing Company from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Thursday, June 15th. Credit Suisse Group downgraded Taiwan Semiconductor Manufacturing Company from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Rosenblatt Securities set a $27.00 price objective on Taiwan Semiconductor Manufacturing Company and gave the stock a “buy” rating in a report on Saturday, April 15th. Finally, HSBC Holdings plc upgraded Taiwan Semiconductor Manufacturing Company from a “hold” rating to a “buy” rating in a report on Tuesday, March 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.67.

Taiwan Semiconductor Manufacturing Company 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.

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