Eaton Vance Management Sells 224,038 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Eaton Vance Management reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,017,114 shares of the semiconductor company’s stock after selling 224,038 shares during the period. Eaton Vance Management’s holdings in Taiwan Semiconductor Manufacturing were worth $120,304,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. WCM Investment Management LLC now owns 33,404,614 shares of the semiconductor company’s stock valued at $3,642,439,000 after buying an additional 1,055,240 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.8% in the 1st quarter. Vontobel Holding Ltd. now owns 20,071,365 shares of the semiconductor company’s stock valued at $2,374,041,000 after buying an additional 168,757 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.6% in the 1st quarter. Fiera Capital Corp now owns 15,902,700 shares of the semiconductor company’s stock valued at $1,880,971,000 after buying an additional 93,751 shares in the last quarter. BlackRock Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 23.5% in the 1st quarter. BlackRock Inc. now owns 13,754,055 shares of the semiconductor company’s stock worth $1,626,830,000 after purchasing an additional 2,613,327 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Taiwan Semiconductor Manufacturing by 39.6% in the 1st quarter. Jennison Associates LLC now owns 13,534,561 shares of the semiconductor company’s stock worth $1,600,868,000 after purchasing an additional 3,839,316 shares in the last quarter. Institutional investors and hedge funds own 17.19% of the company’s stock.

NYSE:TSM opened at $117.87 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.49 and a current ratio of 1.72. The stock has a market cap of $611.28 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 1.80 and a beta of 0.90. The company’s 50 day moving average price is $117.08. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $66.75 and a 1-year high of $142.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. The firm had revenue of $372.15 billion during the quarter, compared to analyst estimates of $372.58 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.87%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.66 EPS. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Stockholders of record on Friday, September 17th will be issued a dividend of $0.3917 per share. This represents a $1.57 annualized dividend and a dividend yield of 1.33%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 41.59%.

A number of research firms recently commented on TSM. Morgan Stanley cut shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Atlantic Securities began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, April 19th. They issued a “neutral” rating for the company. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Needham & Company LLC began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 13th. They issued a “buy” rating and a $123.05 target price for the company. Finally, Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $127.72.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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

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