Noesis Capital Mangement Corp lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 117,165 shares of the semiconductor company’s stock after purchasing an additional 2,703 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 2.8% of Noesis Capital Mangement Corp’s portfolio, making the stock its 14th biggest holding. Noesis Capital Mangement Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $13,561,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. Vontobel Holding Ltd. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.8% in the 1st quarter. Vontobel Holding Ltd. now owns 20,071,365 shares of the semiconductor company’s stock worth $2,374,041,000 after purchasing an additional 168,757 shares during the period. Fiera Capital Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.6% during the 1st quarter. Fiera Capital Corp now owns 15,902,700 shares of the semiconductor company’s stock worth $1,880,971,000 after acquiring an additional 93,751 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 23.5% during the 1st quarter. BlackRock Inc. now owns 13,754,055 shares of the semiconductor company’s stock worth $1,626,830,000 after acquiring an additional 2,613,327 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 39.6% during the 1st quarter. Jennison Associates LLC now owns 13,534,561 shares of the semiconductor company’s stock worth $1,600,868,000 after acquiring an additional 3,839,316 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Taiwan Semiconductor Manufacturing by 22.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,730,800 shares of the semiconductor company’s stock worth $1,505,798,000 after acquiring an additional 2,302,444 shares during the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Get Taiwan Semiconductor Manufacturing alerts: Shares of NYSE:TSM traded up $0.39 on Friday, reaching $118.49. The company had a trading volume of 6,827,711 shares, compared to its average volume of 10,557,241. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $76.17 and a 52-week high of $142.20. The business has a 50 day moving average of $116.80. The firm has a market capitalization of $614.50 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 1.67 and a beta of 0.89. The company has a quick ratio of 1.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.93. Taiwan Semiconductor Manufacturing had a return on equity of 29.17% and a net margin of 38.14%. The business had revenue of $372.15 billion for the quarter, compared to the consensus estimate of $372.58 billion. During the same period last year, the business posted $4.66 EPS. The business’s revenue was up 19.8% compared to the same quarter last year. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Investors of record on Friday, December 17th will be paid a dividend of $0.4941 per share. This represents a $1.98 annualized dividend and a yield of 1.67%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 41.59%.

TSM has been the subject of a number of research analyst reports. Susquehanna raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and raised their price target for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Argus initiated coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 22nd. They set a “buy” rating and a $150.00 target price for the company. Needham & Company LLC initiated coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 13th. They set a “buy” rating and a $123.05 target price for the company. Morgan Stanley lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 21st. Finally, Zacks Investment Research lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, July 17th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $127.72.

Taiwan Semiconductor Manufacturing Company Profile

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

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