L & S Advisors Inc Sells 19,443 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

L & S Advisors Inc trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 50,144 shares of the semiconductor company’s stock after selling 19,443 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 1.0% of L & S Advisors Inc’s portfolio, making the stock its 27th biggest holding. L & S Advisors Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $8,716,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Sanders Capital LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.5% during the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after acquiring an additional 1,501,548 shares in the last quarter. Capital World Investors grew its position in Taiwan Semiconductor Manufacturing by 1.7% in the first quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock valued at $5,722,410,000 after acquiring an additional 704,804 shares during the last quarter. Fisher Asset Management LLC increased its position in Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,060,369 shares of the semiconductor company’s stock worth $3,230,279,000 after purchasing an additional 422,976 shares in the last quarter. Capital International Investors lifted its stake in Taiwan Semiconductor Manufacturing by 40.2% in the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after purchasing an additional 5,643,949 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Taiwan Semiconductor Manufacturing by 4.3% in the second quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock valued at $3,157,635,000 after buying an additional 750,971 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $169.08 on Tuesday. The firm’s fifty day simple moving average is $168.29 and its two-hundred day simple moving average is $157.16. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $876.92 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The business had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter last year, the firm posted $1.14 earnings per share. The firm’s revenue was up 34.6% on a year-over-year basis. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 36.95%.

Analyst Upgrades and Downgrades

TSM has been the subject of several research analyst reports. Susquehanna reiterated a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.