Cumberland Partners Ltd increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 60.4% during the second quarter, Holdings Channel reports. The firm owned 99,365 shares of the semiconductor company’s stock after buying an additional 37,425 shares during the period. Cumberland Partners Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $3,474,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TSM. Highbridge Capital Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $555,000. Bank of Montreal Can raised its stake in Taiwan Semiconductor Manufacturing by 137.1% in the first quarter. Bank of Montreal Can now owns 2,678,896 shares of the semiconductor company’s stock valued at $87,975,000 after buying an additional 1,548,895 shares during the period. Gradient Investments LLC raised its stake in Taiwan Semiconductor Manufacturing by 15,122.2% in the first quarter. Gradient Investments LLC now owns 8,220 shares of the semiconductor company’s stock valued at $270,000 after buying an additional 8,166 shares during the period. Atria Investments LLC raised its stake in Taiwan Semiconductor Manufacturing by 2.9% in the first quarter. Atria Investments LLC now owns 21,491 shares of the semiconductor company’s stock valued at $706,000 after buying an additional 614 shares during the period. Finally, Reliance Trust Co. of Delaware raised its stake in Taiwan Semiconductor Manufacturing by 23.3% in the first quarter. Reliance Trust Co. of Delaware now owns 17,026 shares of the semiconductor company’s stock valued at $559,000 after buying an additional 3,222 shares during the period. 19.93% of the stock is currently owned by institutional investors.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) opened at 35.34 on Friday. The firm has a market capitalization of $183.27 billion, a price-to-earnings ratio of 15.92 and a beta of 0.77. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $28.20 and a 1-year high of $36.96. The company has a 50-day moving average price of $35.79 and a 200 day moving average price of $33.79.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 25.65% and a net margin of 36.11%. The business had revenue of $213.86 billion for the quarter, compared to analysts’ expectations of $214.25 billion. During the same quarter in the previous year, the firm earned $2.80 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current year.

The company also recently disclosed an annual dividend, which was paid on Thursday, July 20th. Stockholders of record on Wednesday, June 28th were issued a $0.927 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. This represents a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, June 26th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 42.59%.

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TSM has been the topic of several analyst reports. Rosenblatt Securities set a $27.00 target price on Taiwan Semiconductor Manufacturing and gave the stock a “buy” rating in a report on Saturday, April 15th. Zacks Investment Research lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Credit Suisse Group lowered Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research note on Monday, May 15th. HSBC Holdings plc lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BidaskClub lowered Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $31.67.

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

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