Mather Group LLC. Has $381,000 Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mather Group LLC. increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 4.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,553 shares of the semiconductor company’s stock after purchasing an additional 237 shares during the period. Mather Group LLC.’s holdings in Taiwan Semiconductor Manufacturing were worth $381,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TSM. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Taiwan Semiconductor Manufacturing by 30.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock worth $144,071,000 after purchasing an additional 318,570 shares during the last quarter. Zions Bancorporation N.A. increased its stake in Taiwan Semiconductor Manufacturing by 29.2% during the first quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 135 shares during the period. Brown Brothers Harriman & Co. increased its stake in Taiwan Semiconductor Manufacturing by 40.1% during the first quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock valued at $1,324,000 after acquiring an additional 3,638 shares during the period. Merit Financial Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 17.3% during the first quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 346 shares during the period. Finally, Ergoteles LLC increased its stake in Taiwan Semiconductor Manufacturing by 138.6% during the first quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock valued at $4,744,000 after acquiring an additional 26,426 shares during the period. Institutional investors and hedge funds own 16.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, March 10th. Erste Group Bank upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, November 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.25.

Taiwan Semiconductor Manufacturing Trading Up 1.8 %

TSM stock opened at $89.29 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $59.43 and a 1-year high of $109.75. The firm has a market cap of $463.07 billion, a P/E ratio of 13.61, a P/E/G ratio of 0.78 and a beta of 1.10. The business’s 50 day moving average is $89.61 and its 200-day moving average is $79.53. The company has a current ratio of 2.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released its quarterly earnings data on Thursday, January 12th. The semiconductor company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.02. Taiwan Semiconductor Manufacturing had a return on equity of 37.99% and a net margin of 44.81%. The company had revenue of $19.93 billion for the quarter, compared to analyst estimates of $20.29 billion. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 5.58 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, June 16th will be given a dividend of $0.3597 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $1.44 dividend on an annualized basis and a yield of 1.61%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 21.49%.

Taiwan Semiconductor Manufacturing Company Profile

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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, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.