2,629 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Bought by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,629 shares of the semiconductor company’s stock, valued at approximately $273,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares during the period. Farmers & Merchants Investments Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV increased its stake in Taiwan Semiconductor Manufacturing by 108.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 162 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $37,000. Finally, Manchester Capital Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 961.9% during the third quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 404 shares during the period. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSM. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Read Our Latest Research Report on TSM

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM traded up $2.98 during midday trading on Wednesday, reaching $154.93. The stock had a trading volume of 7,592,166 shares, compared to its average volume of 15,148,348. The company has a market capitalization of $803.53 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 1.04 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $158.40. The stock has a 50-day moving average of $140.03 and a 200-day moving average of $119.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last released its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.25% and a net margin of 38.15%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.26%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

About Taiwan Semiconductor Manufacturing

(Free Report)

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.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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