Jaffetilchin Investment Partners LLC decreased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 22,626 shares of the semiconductor company’s stock after selling 1,642 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $791,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the first quarter. Fisher Asset Management LLC now owns 28,189,434 shares of the semiconductor company’s stock worth $925,741,000 after buying an additional 184,195 shares in the last quarter. Intermede Investment Partners Ltd increased its stake in shares of Taiwan Semiconductor Manufacturing by 22.1% in the first quarter. Intermede Investment Partners Ltd now owns 1,434,356 shares of the semiconductor company’s stock worth $47,104,000 after buying an additional 259,633 shares in the last quarter. Foster & Motley Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $214,000. Midas Management Corp bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $1,478,000. Finally, Gilman Hill Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 31.7% in the first quarter. Gilman Hill Asset Management LLC now owns 27,995 shares of the semiconductor company’s stock worth $919,000 after buying an additional 6,735 shares in the last quarter. Institutional investors own 19.65% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) opened at 36.42 on Wednesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $28.20 and a 12-month high of $36.96. The stock has a 50 day moving average of $35.77 and a 200-day moving average of $33.95. The company has a market capitalization of $188.87 billion, a P/E ratio of 16.41 and a beta of 0.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (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 firm had revenue of $213.86 billion for the quarter, compared to analyst estimates of $214.25 billion. During the same quarter in the previous year, the business posted $2.80 earnings per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts forecast 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. Investors of record on Wednesday, June 28th were given a dividend of $0.927 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. This represents a yield of 3.25%. The ex-dividend date was Monday, June 26th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 42.59%.

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A number of analysts have issued reports on the stock. Credit Suisse Group downgraded shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing presently has a consensus rating of “Hold” and a consensus target price of $31.67.

About Taiwan Semiconductor Manufacturing

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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