Great West Life Assurance Co. Can Acquires 552,090 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Great West Life Assurance Co. Can grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 31.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,295,128 shares of the semiconductor company’s stock after buying an additional 552,090 shares during the period. Great West Life Assurance Co. Can’s holdings in Taiwan Semiconductor Manufacturing were worth $143,169,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in TSM. Prospera Financial Services Inc bought a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $28,000. Moser Wealth Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at $29,000. Firestone Capital Management raised its position in Taiwan Semiconductor Manufacturing by 322.6% in the third quarter. Firestone Capital Management now owns 393 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Keebeck Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $36,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at $43,000. Hedge funds and other institutional investors own 18.52% of the company’s stock. Get Taiwan Semiconductor Manufacturing alerts:
A number of equities research analysts have commented on TSM shares. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Friday, October 9th. New Street Research initiated coverage on Taiwan Semiconductor Manufacturing in a report on Friday, August 28th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $68.50. TSM stock traded up $1.25 during midday trading on Friday, reaching $98.74. The company had a trading volume of 4,367,070 shares, compared to its average volume of 9,660,961. The company has a quick ratio of 1.26, a current ratio of 1.40 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average price of $90.21 and a 200 day moving average price of $73.87. The firm has a market capitalization of $512.07 billion, a PE ratio of 31.25, a P/E/G ratio of 1.18 and a beta of 0.93. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $42.70 and a fifty-two week high of $102.44.
The company also recently announced an annual dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, March 18th will be issued a dividend of $0.3463 per share. The ex-dividend date of this dividend is Wednesday, March 17th. This represents a yield of 1.5%. Taiwan Semiconductor Manufacturing’s payout ratio is 63.72%.
Taiwan Semiconductor Manufacturing Profile
Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.
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