Great West Life Assurance Co. Can boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 42.8% during the 2nd its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,939,743 shares of the semiconductor company’s stock after acquiring an additional 581,546 shares during the period. Great West Life Assurance Co. Can’s holdings in Taiwan Semiconductor Manufacturing were worth $232,879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TSM. Eagle Bay Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $25,000. LFA Lugano Financial Advisors SA bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at $28,000. Milestone Resources Group Ltd increased its stake in Taiwan Semiconductor Manufacturing by 54.4% during the second quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 87 shares during the last quarter. Atlas Private Wealth Advisors increased its stake in Taiwan Semiconductor Manufacturing by 202.3% during the second quarter. Atlas Private Wealth Advisors now owns 260 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 174 shares during the last quarter. Finally, Private Ocean LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $32,000. 16.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:TSM traded up $1.00 during midday trading on Wednesday, reaching $115.96. The company’s stock had a trading volume of 123,899 shares, compared to its average volume of 10,293,594. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $76.17 and a fifty-two week high of $142.20. The company has a market capitalization of $601.38 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.65. The business’s fifty day simple moving average is $117.56 and its 200-day simple moving average is $117.36.

The firm also recently disclosed will be paid on Thursday, January 13th. Stockholders of record on Friday, December 17th will be issued a dividend of $0.4941 per share. This represents a $1.98 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, December 16th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s payout ratio is 46.31%.

A number of equities analysts recently issued reports on the stock. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their target price for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. Morgan Stanley downgraded shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, June 21st. Susquehanna Bancshares raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their price target for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Needham & Company LLC assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 13th. They set a “buy” rating and a $123.05 price objective for the company. Finally, Argus assumed coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 price objective on the stock. Five research analysts have rated rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $127.72.

About Taiwan Semiconductor Manufacturing

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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