Ranger International Management LP Has $958,000 Stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Ranger International Management LP continued to hold its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,185 shares of the semiconductor company’s stock at the end of the first quarter. Ranger International Management LP’s holdings in Taiwan Semiconductor Manufacturing were worth $958,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $184,000. U S Global Investors Inc bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $187,000. Ingalls & Snyder LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $205,000. BBR Partners LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $206,000. Finally, Banco BTG Pactual S.A. bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth about $207,000. 20.04% of the stock is currently owned by institutional investors.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded down 0.88% during midday trading on Friday, hitting $35.86. 3,678,436 shares of the stock were exchanged. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $27.66 and a 12-month high of $36.92. The stock’s 50 day moving average is $35.75 and its 200 day moving average is $33.37. The firm has a market cap of $185.97 billion, a P/E ratio of 16.23 and a beta of 0.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $213.86 billion during the quarter, compared to the consensus estimate of $214.25 billion. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.65%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.80 EPS. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current fiscal year.

The company also recently declared an annual dividend, which was paid on Thursday, July 20th. Shareholders of record on Wednesday, June 28th were issued a dividend of $0.927 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. The ex-dividend date of this dividend was Monday, June 26th. This represents a yield of 3.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 42.59%.

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Several research analysts recently issued reports on TSM shares. Rosenblatt Securities set a $27.00 price objective on Taiwan Semiconductor Manufacturing and gave the stock a “buy” rating in a research report on Saturday, April 15th. BidaskClub downgraded Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. Credit Suisse Group downgraded Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Finally, HSBC Holdings plc downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.67.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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

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