CIBC Asset Management Inc lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.0% during the second quarter, HoldingsChannel reports. The firm owned 680,606 shares of the semiconductor company’s stock after buying an additional 88,806 shares during the quarter. CIBC Asset Management Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $81,782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $25,000. LFA Lugano Financial Advisors SA bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $28,000. Albion Financial Group UT bought a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $28,000. Milestone Resources Group Ltd lifted its position 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 valued at $30,000 after acquiring an additional 87 shares in the last quarter. Finally, Atlas Private Wealth Advisors lifted its position 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 valued at $31,000 after acquiring an additional 174 shares in the last quarter. 16.55% of the stock is currently owned by institutional investors.

Get Taiwan Semiconductor Manufacturing alerts: TSM has been the topic of several research reports. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, September 16th. Needham & Company LLC initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price objective on the stock. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price objective for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. Susquehanna Bancshares raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price objective for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. Finally, Cowen initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 11th. They issued a “market perform” rating and a $120.00 price target on the stock. Six 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 company currently has an average rating of “Hold” and an average price target of $126.76.

TSM stock traded down $0.23 during midday trading on Friday, hitting $116.06. The company’s stock had a trading volume of 91,204 shares, compared to its average volume of 9,974,085. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.65. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $83.16 and a twelve month high of $142.20. The company’s fifty day moving average price is $115.64 and its 200 day moving average price is $116.82. The stock has a market capitalization of $601.90 billion, a P/E ratio of 30.93, a PEG ratio of 1.90 and a beta of 0.89.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Stockholders of record on Friday, December 17th will be paid 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 annualized dividend and a dividend yield of 1.70%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 45.72%.

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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