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

Chartwell Investment Partners LLC grew its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 20.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 74,423 shares of the semiconductor company’s stock after acquiring an additional 12,442 shares during the period. Chartwell Investment Partners LLC’s holdings in Taiwan Semiconductor Mfg. were worth $4,225,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Taiwan Semiconductor Mfg. by 6.7% during 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 acquiring an additional 4,709,074 shares in the last quarter. Capital International Investors raised its holdings in Taiwan Semiconductor Mfg. by 13.2% in the 1st quarter. Capital International Investors now owns 37,459,080 shares of the semiconductor company’s stock valued at $1,790,170,000 after buying an additional 4,358,929 shares during the last quarter. WCM Investment Management LLC raised its holdings in Taiwan Semiconductor Mfg. by 4.7% in the 1st quarter. WCM Investment Management LLC now owns 28,965,549 shares of the semiconductor company’s stock valued at $1,384,263,000 after buying an additional 1,287,704 shares during the last quarter. Wellington Management Group LLP boosted 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 worth $1,379,407,000 after buying an additional 17,654,228 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Taiwan Semiconductor Mfg. by 16.9% during the 1st quarter. Schroder Investment Management Group now owns 14,280,284 shares of the semiconductor company’s stock worth $713,586,000 after acquiring an additional 2,061,507 shares during the last quarter. Institutional investors own 18.63% of the company’s stock.

A number of equities analysts have recently commented on TSM shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Taiwan Semiconductor Mfg. in a report on Monday, July 27th. Credit Suisse Group raised Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a report on Monday, July 27th. Wedbush initiated coverage on Taiwan Semiconductor Mfg. in a research report on Monday, April 27th. They issued an “outperform” rating on the stock. Macquarie upgraded Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a research report on Friday, July 24th. Finally, Susquehanna Bancshares reaffirmed a “sell” rating and issued a $40.00 price objective on shares of Taiwan Semiconductor Mfg. in a research note on Friday, July 10th. One investment 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. The company has a consensus rating of “Buy” and an average target price of $53.33.

TSM stock opened at $78.89 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The firm has a market cap of $409.13 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.28 and a beta of 0.88. The company’s fifty day simple moving average is $62.66 and its 200 day simple moving average is $55.44. 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 data on Thursday, July 16th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $273.44 billion. During the same period in the previous year, the business earned $2.57 EPS. The firm’s revenue was up 28.9% compared to the same quarter last year. Research analysts expect 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, October 15th. Shareholders of record on Friday, September 18th will be paid a $0.3304 dividend. This represents a $1.32 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, September 17th. Taiwan Semiconductor Mfg.’s dividend payout ratio (DPR) 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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