Cidel Asset Management Inc. boosted its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 282,910 shares of the semiconductor company’s stock after acquiring an additional 2,841 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.4% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 24th largest position. Cidel Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $33,994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSM. Eagle Bay Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $25,000. LFA Lugano Financial Advisors SA bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $28,000. Cranbrook Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth about $30,000. Milestone Resources Group Ltd increased its stake in Taiwan Semiconductor Manufacturing by 54.4% in the 2nd quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 87 shares during the last quarter. Finally, Atlas Private Wealth Advisors increased its stake in Taiwan Semiconductor Manufacturing by 202.3% in the 2nd quarter. Atlas Private Wealth Advisors now owns 260 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 174 shares during the last quarter. Institutional investors and hedge funds own 16.55% of the company’s stock.

Get Taiwan Semiconductor Manufacturing alerts: TSM traded down $1.80 on Wednesday, hitting $121.29. 164,920 shares of the company were exchanged, compared to its average volume of 10,354,413. The firm has a fifty day simple moving average of $117.84 and a two-hundred day simple moving average of $117.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.92. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $76.17 and a 12 month high of $142.20. The stock has a market capitalization of $629.02 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, hitting the 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 analyst estimates of $372.58 billion. During the same period last year, the company earned $4.66 EPS. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities analysts expect 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. Shareholders of record on Friday, December 17th will be issued a $0.4941 dividend. The ex-dividend date of this dividend is Thursday, December 16th. This represents a $1.98 annualized dividend and a yield of 1.63%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 41.59%.

TSM has been the topic of a number of research analyst reports. Morgan Stanley lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Argus started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 22nd. They set a “buy” rating and a $150.00 price objective on the stock. Needham & Company LLC started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 13th. They set a “buy” rating and a $123.05 price objective on the stock. Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their price objective for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. Finally, Susquehanna Bancshares upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their price objective for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Hold” and an average price target of $127.72.

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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