Milestones Administradora de Recursos Ltda. Has $9.36 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Milestones Administradora de Recursos Ltda. raised its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 67.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,890 shares of the semiconductor company's stock after buying an additional 21,780 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 3.7% of Milestones Administradora de Recursos Ltda.'s portfolio, making the stock its 6th largest holding. Milestones Administradora de Recursos Ltda.'s holdings in Taiwan Semiconductor Manufacturing were worth $9,359,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSM. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $25,000. Olistico Wealth LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. Valley Wealth Managers Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. North Star Investment Management Corp. grew its stake in Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company's stock worth $28,000 after buying an additional 181 shares in the last quarter. Finally, NewSquare Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $29,000. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on TSM. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a "hold" rating in a research report on Thursday, July 18th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

TSM stock traded down $2.43 during trading on Wednesday, hitting $194.51. 9,979,473 shares of the company traded hands, compared to its average volume of 15,558,175. The company has a 50-day moving average of $179.08 and a 200-day moving average of $167.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $212.60. The firm has a market capitalization of $1.01 trillion, a PE ratio of 37.00, a P/E/G ratio of 0.98 and a beta of 1.14.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio is 36.95%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.