Tower Bridge Advisors lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 186,399 shares of the semiconductor company’s stock after purchasing an additional 12,182 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.5% of Tower Bridge Advisors’ holdings, making the stock its 17th largest holding. Tower Bridge Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $22,398,000 at the end of the most recent quarter. Several other large investors have also recently modified their holdings of TSM. Sanders Capital LLC increased its stake in Taiwan Semiconductor Manufacturing by 3.6% during the 2nd quarter. Sanders Capital LLC now owns 40,434,002 shares of the semiconductor company’s stock worth $5,343,491,000 after buying an additional 1,391,488 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.8% during the first quarter. Vontobel Holding Ltd. now owns 20,071,365 shares of the semiconductor company’s stock valued at $2,374,041,000 after acquiring an additional 168,757 shares in the last quarter. Fiera Capital Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 0.6% during the first quarter. Fiera Capital Corp now owns 15,902,700 shares of the semiconductor company’s stock worth $1,880,971,000 after acquiring an additional 93,751 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 23.5% in the first quarter. BlackRock Inc. now owns 13,754,055 shares of the semiconductor company’s stock worth $1,626,830,000 after acquiring an additional 2,613,327 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 39.6% in the first quarter. Jennison Associates LLC now owns 13,534,561 shares of the semiconductor company’s stock valued at $1,600,868,000 after purchasing an additional 3,839,316 shares during the last quarter. Institutional investors and hedge funds own 16.55% of the company’s stock. A number of analysts recently issued reports on the stock. Argus initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 price target for the company. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their target price for the company from $85.00 to $105.00 in a research note on Wednesday, June 30th. Zacks Investment Research downgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “sell” rating in a research note on Tuesday, August 31st. Needham & Company LLC began coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 13th. They set a “buy” rating and a $123.05 price objective on the stock. Finally, Susquehanna upgraded 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 report on Wednesday, June 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Hold” and an average price target of $127.72. [Taiwan Semiconductor Manufacturing stock] traded down $0.23 during trading hours on Monday, hitting $122.74. 118,210 shares of the company traded hands, compared to its average volume of 8,820,081. The firm has a market cap of $636.54 billion, a P/E ratio of 32.70, a P/E/G ratio of 1.90 and a beta of 0.89. The company has a quick ratio of 1.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $117.68 and its two-hundred day simple moving average is $117.57. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $76.17 and a 1-year high of $142.20. Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.93. The firm had revenue of $372.15 billion for the quarter, compared to analysts’ expectations of $372.58 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.17%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company earned $4.66 EPS. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share for the current year. The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Stockholders of record on Friday, December 17th will be paid a $0.4941 dividend. The ex-dividend date is Thursday, December 16th. This represents a $1.98 annualized dividend and a dividend yield of 1.61%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s payout ratio is currently 41.59%. Taiwan Semiconductor Manufacturing Company Profile 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. Featured Article: Why is cost of goods sold important? Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with [MarketBeat.com's FREE daily email newsletter](/daily-email-updates-basic/?symbol=NYSE:TSM&c=Taiwan+Semiconductor+Manufacturing) .
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