Mcdaniel Terry & Co. lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.1% in the second quarter, Holdings Channel reports. The firm owned 285,930 shares of the semiconductor company’s stock after buying an additional 315 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 4.0% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its 6th largest position. Mcdaniel Terry & Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $34,357,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TSM. Edmond DE Rothschild Holding S.A. grew its stake in Taiwan Semiconductor Manufacturing by 109.2% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 134,120 shares of the semiconductor company’s stock valued at $16,116,000 after acquiring an additional 70,009 shares in the last quarter. Mackenzie Financial Corp grew its stake in Taiwan Semiconductor Manufacturing by 12.2% during the 2nd quarter. Mackenzie Financial Corp now owns 753,686 shares of the semiconductor company’s stock valued at $90,563,000 after acquiring an additional 81,754 shares in the last quarter. BlackRock Inc. grew its stake in Taiwan Semiconductor Manufacturing by 7.5% during the 2nd quarter. BlackRock Inc. now owns 14,779,562 shares of the semiconductor company’s stock valued at $1,775,913,000 after acquiring an additional 1,025,507 shares in the last quarter. Equitable Holdings Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $236,000. Finally, Koss Olinger Consulting LLC grew its stake in Taiwan Semiconductor Manufacturing by 8.4% during the 2nd quarter. Koss Olinger Consulting LLC now owns 4,523 shares of the semiconductor company’s stock valued at $543,000 after acquiring an additional 352 shares in the last quarter. 16.55% of the stock is owned by institutional investors and hedge funds.

Get Taiwan Semiconductor Manufacturing alerts: Taiwan Semiconductor Manufacturing stock remained flat at $$114.70 during mid-day trading on Tuesday. 111,941 shares of the company’s stock were exchanged, compared to its average volume of 10,305,277. The firm has a market capitalization of $594.84 billion, a P/E ratio of 30.51, a P/E/G ratio of 1.90 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. 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 stock’s fifty day simple moving average is $117.74 and its two-hundred day simple moving average is $117.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.93. The company had revenue of $372.15 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the business earned $4.66 EPS. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be issued a dividend of $0.4941 per share. The ex-dividend date of this dividend is Thursday, December 16th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.98 dividend on an annualized basis and a yield of 1.72%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 46.31%.

Several equities analysts have weighed in on TSM shares. Argus started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 target price on the stock. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their target price for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their target price for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Thursday, September 16th. Finally, Needham & Company LLC assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Hold” and a consensus target price 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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