Royal London Asset Management Ltd. Purchases 57,109 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Royal London Asset Management Ltd. raised its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 13.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 485,188 shares of the semiconductor company’s stock after purchasing an additional 57,109 shares during the period. Royal London Asset Management Ltd.’s holdings in Taiwan Semiconductor Mfg. were worth $19,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sanders Capital LLC grew its holdings in Taiwan Semiconductor Mfg. by 2.8% during the second quarter. Sanders Capital LLC now owns 36,914,907 shares of the semiconductor company’s stock valued at $1,597,773,000 after purchasing an additional 1,011,400 shares during the period. WCM Investment Management LLC grew its holdings in Taiwan Semiconductor Mfg. by 0.7% during the first quarter. WCM Investment Management LLC now owns 24,811,806 shares of the semiconductor company’s stock valued at $1,016,291,000 after purchasing an additional 171,725 shares during the period. FMR LLC boosted its holdings in shares of Taiwan Semiconductor Mfg. by 17.0% in the first quarter. FMR LLC now owns 18,457,357 shares of the semiconductor company’s stock worth $756,013,000 after acquiring an additional 2,687,148 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Taiwan Semiconductor Mfg. by 32.8% in the first quarter. Lazard Asset Management LLC now owns 15,770,378 shares of the semiconductor company’s stock worth $645,953,000 after acquiring an additional 3,897,469 shares during the period. Finally, Fiera Capital Corp boosted its holdings in shares of Taiwan Semiconductor Mfg. by 1.6% in the first quarter. Fiera Capital Corp now owns 13,575,179 shares of the semiconductor company’s stock worth $556,040,000 after acquiring an additional 214,720 shares during the period. 19.70% of the stock is owned by institutional investors and hedge funds.

Shares of Taiwan Semiconductor Mfg. stock traded up $0.71 during trading hours on Tuesday, reaching $41.67. The company had a trading volume of 486,779 shares, compared to its average volume of 7,150,059. Taiwan Semiconductor Mfg. Co. Ltd. has a one year low of $34.22 and a one year high of $45.64. The business has a fifty day moving average price of $41.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.62. The company has a market cap of $212.42 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 3.26 and a beta of 1.02.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a return on equity of 19.01% and a net margin of 31.42%. The company had revenue of $241 billion during the quarter, compared to the consensus estimate of $236.65 billion. During the same period in the previous year, the business earned $2.79 earnings per share. Taiwan Semiconductor Mfg.’s revenue was up 3.3% on a year-over-year basis. As a group, equities 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 declared an annual dividend, which was paid on Thursday, July 18th. Stockholders of record on Tuesday, June 25th were issued a $1.2756 dividend. This represents a dividend yield of 2.56%. The ex-dividend date was Monday, June 24th. Taiwan Semiconductor Mfg.’s payout ratio is currently 45.54%.

TSM has been the subject of a number of analyst reports. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price target for the company in a report on Saturday, August 3rd. Goldman Sachs Group initiated coverage on Taiwan Semiconductor Mfg. in a report on Tuesday, May 7th. They issued a “buy” rating and a $50.00 price target for the company. CLSA raised Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a report on Friday, July 19th. Finally, ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $48.50.

Taiwan Semiconductor Mfg. Profile

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.

Read More: Leveraged Buyout (LBO)

Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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