Pendal Group Ltd Has $28.11 Million Stock Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Pendal Group Ltd lessened its holdings in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 28.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 748,879 shares of the semiconductor company’s stock after selling 296,905 shares during the period. Pendal Group Ltd’s holdings in Taiwan Semiconductor Mfg. were worth $28,106,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TSM. Next Capital Management LLC bought a new position in Taiwan Semiconductor Mfg. in the first quarter valued at approximately $25,000. Trustcore Financial Services LLC grew its stake in shares of Taiwan Semiconductor Mfg. by 129.9% during the second quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock worth $27,000 after buying an additional 395 shares during the last quarter. Horan Capital Advisors LLC. bought a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter worth $29,000. Cullen Frost Bankers Inc. bought a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter worth $31,000. Finally, American Beacon Advisors Inc. grew its stake in shares of Taiwan Semiconductor Mfg. by 56.9% during the first quarter. American Beacon Advisors Inc. now owns 822 shares of the semiconductor company’s stock worth $34,000 after buying an additional 298 shares during the last quarter. 19.70% of the stock is owned by institutional investors and hedge funds.

TSM stock traded up $0.86 during trading on Tuesday, reaching $41.82. The stock had a trading volume of 6,830,369 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 company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 2.33. The stock has a 50 day moving average price of $41.54. The stock has a market cap of $212.42 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 3.26 and a beta of 1.02.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a net margin of 31.42% and a return on equity of 19.01%. The company had revenue of $241 billion during the quarter, compared to analysts’ expectations of $236.65 billion. During the same quarter in the previous year, the firm earned $2.79 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 EPS for the current 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 45.54%.

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

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

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