Barings LLC trimmed its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 483,833 shares of the semiconductor company’s stock after selling 111,111 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 1.4% of Barings LLC’s investment portfolio, making the stock its 11th largest holding. Barings LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $58,137,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TSM. Jennison Associates LLC increased its stake in Taiwan Semiconductor Manufacturing by 39.6% in the 1st quarter. Jennison Associates LLC now owns 13,534,561 shares of the semiconductor company’s stock worth $1,600,868,000 after purchasing an additional 3,839,316 shares in the last quarter. BlackRock Inc. increased its stake in Taiwan Semiconductor Manufacturing by 23.5% in the 1st quarter. BlackRock Inc. now owns 13,754,055 shares of the semiconductor company’s stock worth $1,626,830,000 after purchasing an additional 2,613,327 shares in the last quarter. Van ECK Associates Corp increased its stake in Taiwan Semiconductor Manufacturing by 55.2% in the 1st quarter. Van ECK Associates Corp now owns 7,227,419 shares of the semiconductor company’s stock worth $854,859,000 after purchasing an additional 2,570,257 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Taiwan Semiconductor Manufacturing by 22.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,730,800 shares of the semiconductor company’s stock worth $1,505,798,000 after purchasing an additional 2,302,444 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 40,884.2% in the 1st quarter. Hardman Johnston Global Advisors LLC now owns 2,207,000 shares of the semiconductor company’s stock worth $261,044,000 after purchasing an additional 2,201,615 shares in the last quarter. Institutional investors own 16.55% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing stock traded up $0.92 during trading on Wednesday, hitting $115.88. 117,220 shares of the stock traded hands, compared to its average volume of 10,293,594. The stock has a market cap of $600.96 billion, a P/E ratio of 30.57, a PEG ratio of 1.90 and a beta of 0.89. 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 twelve month low of $76.17 and a twelve month high of $142.20. The company has a fifty day moving average price of $117.56 and a two-hundred day moving average price of $117.36.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Investors of record on Friday, December 17th will be issued a $0.4941 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.98 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 46.31%.

A number of brokerages have commented on TSM. Morgan Stanley lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 21st. Argus began coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 22nd. They set a “buy” rating and a $150.00 price objective for the company. Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and raised their price objective for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. 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 for the company. Finally, Susquehanna Bancshares upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price target for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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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