Ascendant Capital Management LLC boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 133.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,000 shares of the semiconductor company’s stock after purchasing an additional 8,000 shares during the period. Ascendant Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,682,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $25,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $28,000. Albion Financial Group UT bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $28,000. Milestone Resources Group Ltd grew its position in shares of 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 buying an additional 87 shares during the last quarter. Finally, Atlas Private Wealth Advisors boosted its position in shares of Taiwan Semiconductor Manufacturing by 202.3% during the 2nd 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. 16.55% of the stock is owned by institutional investors and hedge funds.

Get Taiwan Semiconductor Manufacturing alerts: Shares of TSM traded down $0.07 on Wednesday, reaching $114.11. 126,295 shares of the company’s stock traded hands, compared to its average volume of 9,915,289. The company has a current ratio of 1.92, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The stock has a market cap of $591.78 billion, a PE ratio of 30.37, a PEG ratio of 1.90 and a beta of 0.89. The stock’s 50 day simple moving average is $115.59 and its two-hundred day simple moving average is $116.74. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $83.16 and a 52-week high of $142.20.

The firm also recently declared 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 represents a $1.98 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 45.72%.

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

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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