WESPAC Advisors SoCal LLC Sells 1,200 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

WESPAC Advisors SoCal LLC lessened its holdings in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 17.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,600 shares of the semiconductor company’s stock after selling 1,200 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Taiwan Semiconductor Mfg. were worth $219,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Brand Asset Management Group Inc. bought a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter worth $67,000. Ferguson Wellman Capital Management Inc. lifted its stake in shares of Taiwan Semiconductor Mfg. by 2.8% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 9,467 shares of the semiconductor company’s stock valued at $371,000 after acquiring an additional 257 shares during the period. Bailard Inc. lifted its stake in shares of Taiwan Semiconductor Mfg. by 0.8% during the second quarter. Bailard Inc. now owns 38,765 shares of the semiconductor company’s stock valued at $1,518,000 after acquiring an additional 295 shares during the period. American Beacon Advisors Inc. lifted 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 valued at $34,000 after acquiring an additional 298 shares during the period. Finally, Alera Investment Advisors LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 19.7% during the first quarter. Alera Investment Advisors LLC now owns 2,023 shares of the semiconductor company’s stock valued at $83,000 after acquiring an additional 333 shares during the period. Institutional investors own 19.68% of the company’s stock.

Shares of TSM traded down $0.49 during trading hours on Friday, hitting $41.41. 3,466,698 shares of the stock traded hands, compared to its average volume of 7,210,825. Taiwan Semiconductor Mfg. Co. Ltd. has a 1-year low of $34.22 and a 1-year high of $45.64. The firm has a fifty day simple moving average of $41.49. The company has a quick ratio of 2.33, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $217.30 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 3.30 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 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 analyst estimates of $236.65 billion. During the same period in the previous year, the company posted $2.79 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 earnings per share for the current year.

The business also recently announced an annual dividend, which was paid on Thursday, July 18th. Shareholders of record on Tuesday, June 25th were paid a $1.2756 dividend. This represents a yield of 2.56%. The ex-dividend date of this dividend was Monday, June 24th. Taiwan Semiconductor Mfg.’s payout ratio is 45.54%.

TSM has been the topic of several research reports. Goldman Sachs Group initiated coverage on Taiwan Semiconductor Mfg. in a research note on Tuesday, May 7th. They set a “buy” rating and a $50.00 price target on the stock. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Saturday, August 3rd. ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, CLSA raised Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $48.50.

About Taiwan Semiconductor Mfg.

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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