Massachusetts Financial Services Co. MA Has $4.31 Billion Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Massachusetts Financial Services Co. MA decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 24,775,385 shares of the semiconductor company’s stock after selling 4,367,815 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.3% of Massachusetts Financial Services Co. MA’s portfolio, making the stock its 9th largest position. Massachusetts Financial Services Co. MA’s holdings in Taiwan Semiconductor Manufacturing were worth $4,306,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $27,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $27,000. NewSquare Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $29,000. Finally, First Community Trust NA bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth $33,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Needham & Company LLC lifted their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Sanford C. Bernstein increased their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. TD Cowen lifted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Susquehanna reissued a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Finally, Barclays upped their price objective on shares of 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 investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Up 0.6 %

Shares of NYSE TSM opened at $172.50 on Monday. The firm has a fifty day simple moving average of $168.64 and a two-hundred day simple moving average of $156.87. 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 firm has a market capitalization of $894.66 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 1.00 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results 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. The company had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared 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. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 1.13%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 37.71%.

Taiwan Semiconductor Manufacturing Profile

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.