Itau Unibanco Holding S.A. Has $66.40 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Itau Unibanco Holding S.A. trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 28.0% in the second quarter, Holdings Channel.com reports. The fund owned 382,036 shares of the semiconductor company’s stock after selling 148,762 shares during the period. Taiwan Semiconductor Manufacturing comprises 2.8% of Itau Unibanco Holding S.A.’s portfolio, making the stock its 10th biggest holding. Itau Unibanco Holding S.A.’s holdings in Taiwan Semiconductor Manufacturing were worth $66,402,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Johnson Financial Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $25,000. LifeSteps Financial Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $27,000. Olistico Wealth LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $27,000. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $27,000. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TSM shares. TD Cowen increased their price target 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. Sanford C. Bernstein raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Susquehanna restated a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Finally, Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $174.08 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $193.47. 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 capitalization of $902.85 billion, a PE ratio of 33.16, a PEG ratio of 0.99 and a beta of 1.14. The company’s 50 day moving average price is $167.03 and its 200 day moving average price is $158.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion for 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 for the quarter was up 34.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 earnings per share. Research 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 announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.12%. Taiwan Semiconductor Manufacturing’s payout ratio is 36.95%.

Taiwan Semiconductor Manufacturing Company 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.