Great West Life Assurance Co. Can increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 42.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,939,743 shares of the semiconductor company’s stock after purchasing an additional 581,546 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Taiwan Semiconductor Manufacturing were worth $232,879,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TSM. Eagle Bay Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $25,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $28,000. Milestone Resources Group Ltd grew its position in shares of 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 in the last quarter. Atlas Private Wealth Advisors grew its position in shares of 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 in the last quarter. Finally, Private Ocean LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 16.55% of the company’s stock.

Get Taiwan Semiconductor Manufacturing alerts: Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Thursday, September 16th. Susquehanna Bancshares raised 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. 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 price target on the stock. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price target for the stock from $85.00 to $105.00 in a report on Wednesday, June 30th. Finally, Needham & Company LLC started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price target on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $127.72.

NYSE TSM traded up $1.00 on Wednesday, reaching $115.96. 123,899 shares of the company’s stock traded hands, compared to its average volume of 10,293,594. The firm has a market cap of $601.38 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 1.90 and a beta of 0.89. The stock has a 50 day moving average price of $117.56 and a 200-day moving average price of $117.36. 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 debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.92.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be given a $0.4941 dividend. The ex-dividend date is Thursday, December 16th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.70%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 46.31%.

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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