Jarislowsky Fraser Ltd boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 316,275 shares of the semiconductor company’s stock after buying an additional 25,864 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $38,003,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanders Capital LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.6% in the second quarter. Sanders Capital LLC now owns 40,434,002 shares of the semiconductor company’s stock valued at $5,343,491,000 after purchasing an additional 1,391,488 shares during the period. Vontobel Holding Ltd. boosted its position in Taiwan Semiconductor Manufacturing by 0.8% during the first quarter. Vontobel Holding Ltd. now owns 20,071,365 shares of the semiconductor company’s stock worth $2,374,041,000 after acquiring an additional 168,757 shares during the last quarter. Fiera Capital Corp boosted its position in Taiwan Semiconductor Manufacturing by 0.6% during the first 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. boosted its position in Taiwan Semiconductor Manufacturing by 23.5% during the first 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. Finally, Jennison Associates LLC boosted its position in Taiwan Semiconductor Manufacturing by 39.6% during the first 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. Institutional investors and hedge funds own 14.63% of the company’s stock.

A number of equities analysts recently weighed in on TSM shares. Zacks Investment Research lowered shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “sell” rating in a research report on Tuesday, August 31st. Argus began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 price target on the stock. Morgan Stanley downgraded shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price objective for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Finally, Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price target for the stock from $85.00 to $105.00 in a report on Wednesday, June 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $127.72.

[TSM] traded down $3.22 during trading hours on Wednesday, reaching $121.48. The company had a trading volume of 179,198 shares, compared to its average volume of 10,481,805. The firm has a 50 day simple moving average of $117.48 and a 200-day simple moving average of $117.77. The company has a current ratio of 1.92, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $630.00 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.84 and a beta of 0.89. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $76.17 and a 12-month high of $142.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Wednesday, July 14th. The semiconductor company reported $0.93 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.93. The firm had revenue of $372.15 billion for the quarter, compared to analysts’ expectations of $372.58 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.17%. The firm’s revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the company earned $4.66 EPS. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Investors of record on Friday, December 17th will be paid a $0.4941 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 1.63%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 41.59%.

Taiwan Semiconductor Manufacturing 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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