Maverick Capital Ltd. Has $5.37 Million Stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Maverick Capital Ltd. trimmed its holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,970 shares of the semiconductor company’s stock after selling 4,650 shares during the period. Maverick Capital Ltd.’s holdings in Taiwan Semiconductor Mfg. were worth $5,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSM. Renaissance Technologies LLC raised its position in shares of Taiwan Semiconductor Mfg. by 65.2% in the second quarter. Renaissance Technologies LLC now owns 14,302,152 shares of the semiconductor company’s stock valued at $560,215,000 after buying an additional 5,643,870 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Taiwan Semiconductor Mfg. by 32.8% in the first quarter. Lazard Asset Management LLC now owns 15,770,378 shares of the semiconductor company’s stock valued at $645,953,000 after buying an additional 3,897,469 shares in the last quarter. Man Group plc raised its position in shares of Taiwan Semiconductor Mfg. by 225.9% in the second quarter. Man Group plc now owns 4,407,316 shares of the semiconductor company’s stock valued at $172,635,000 after buying an additional 3,055,062 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Taiwan Semiconductor Mfg. by 128.8% in the second quarter. Janus Henderson Group PLC now owns 5,352,290 shares of the semiconductor company’s stock valued at $209,624,000 after buying an additional 3,012,657 shares in the last quarter. Finally, FMR LLC raised its position in shares of Taiwan Semiconductor Mfg. by 17.0% in the first quarter. FMR LLC now owns 18,457,357 shares of the semiconductor company’s stock valued at $756,013,000 after buying an additional 2,687,148 shares in the last quarter. Institutional investors own 19.03% of the company’s stock.

A number of research firms have recently weighed in on TSM. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Saturday, August 3rd. Goldman Sachs Group upgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “conviction-buy” rating and set a $55.00 price target for the company in a research report on Monday. Morgan Stanley upgraded shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 4th. Finally, CLSA upgraded shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research report on Friday, July 19th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $51.00.

TSM traded up $0.89 during trading on Monday, hitting $46.40. 2,979,355 shares of the stock traded hands, compared to its average volume of 5,840,008. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $34.22 and a twelve month high of $46.51. The company has a market cap of $240.95 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 3.23 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.45. The business has a 50 day moving average price of $42.92 and a 200 day moving average price of $41.61.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $0.41 EPS 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 19.37%. The firm had revenue of $241 billion for the quarter, compared to analyst estimates of $236.65 billion. During the same quarter in the prior year, the firm earned $2.79 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, September 20th will be given a dividend of $0.251 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.00 annualized dividend and a yield of 2.16%. Taiwan Semiconductor Mfg.’s dividend payout ratio is currently 45.09%.

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.

See Also: What Is An Exchange-Traded Fund (ETF)?

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 Mfg. Co. Ltd. (NYSE:TSM).

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

Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.