Paradiem LLC grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,943 shares of the semiconductor company’s stock after buying an additional 1,121 shares during the quarter. Paradiem LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,033,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Credit Agricole S A lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 104.8% in the 1st quarter. Credit Agricole S A now owns 15,645 shares of the semiconductor company’s stock worth $1,850,000 after buying an additional 8,006 shares during the period. Brandes Investment Partners LP lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 10.6% in the 2nd quarter. Brandes Investment Partners LP now owns 37,400 shares of the semiconductor company’s stock worth $4,494,000 after buying an additional 3,599 shares during the period. TCW Group Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $2,768,000. Kingfisher Capital LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.3% in the 2nd quarter. Kingfisher Capital LLC now owns 29,089 shares of the semiconductor company’s stock worth $3,495,000 after buying an additional 1,728 shares during the period. Finally, Sterling Investment Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $2,964,000. Institutional investors and hedge funds own 16.55% of the company’s stock.

A number of equities research analysts recently weighed in on TSM shares. Cowen started coverage on Taiwan Semiconductor Manufacturing in a research note on Monday, October 11th. They set a “market perform” rating and a $120.00 price objective for the company. Needham & Company LLC started coverage on 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. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Thursday, September 16th. Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their price objective for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Finally, Susquehanna Bancshares upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their price objective for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Hold” and a consensus price target of $126.76.

[NYSE:TSM] opened at $114.05 on Monday. The business’s 50-day moving average is $115.64 and its 200 day moving average is $116.76. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $83.16 and a 1 year high of $142.20. The firm has a market capitalization of $591.47 billion, a P/E ratio of 30.38, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Investors of record on Friday, December 17th will be given a dividend of $0.4941 per share. 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 1.73%. The ex-dividend date is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 45.72%.

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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