Oak Family Advisors LLC Decreases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Oak Family Advisors LLC cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,792 shares of the semiconductor company’s stock after selling 10,968 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 5.1% of Oak Family Advisors LLC’s portfolio, making the stock its largest holding. Oak Family Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $14,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSM. Trust Co. of Oklahoma boosted its stake in Taiwan Semiconductor Manufacturing by 7.4% in the second quarter. Trust Co. of Oklahoma now owns 5,235 shares of the semiconductor company’s stock worth $910,000 after buying an additional 359 shares in the last quarter. Granite Group Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $397,000. Keystone Financial Services bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $218,000. NewSquare Capital LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $29,000. Finally, Busey Bank lifted its position in Taiwan Semiconductor Manufacturing by 18.3% in the second quarter. Busey Bank now owns 2,248 shares of the semiconductor company’s stock valued at $391,000 after purchasing an additional 348 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TSM shares. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC boosted their price objective 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. Susquehanna reiterated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 2.9 %

Shares of Taiwan Semiconductor Manufacturing stock traded down $4.91 during midday trading on Thursday, reaching $166.53. 13,536,131 shares of the company’s stock traded hands, compared to its average volume of 16,081,365. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The company has a market cap of $863.69 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. The stock has a 50 day moving average of $171.40 and a 200-day moving average of $152.07. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $20.33 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.17%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 36.95%.

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.