Quadrature Capital Ltd purchased a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 178,955 shares of the semiconductor company’s stock, valued at approximately $40,526,000. Taiwan Semiconductor Manufacturing accounts for about 0.7% of Quadrature Capital Ltd’s investment portfolio, making the stock its 29th biggest holding.
Several other institutional investors also recently bought and sold shares of the business. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $33,000. First Command Advisory Services Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 174.1% in the 2nd quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 101 shares in the last quarter. 1248 Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $28,000. Vision Financial Markets LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $33,000. Finally, VSM Wealth Advisory LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at $50,000. 16.51% of the stock is owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Trading Up 2.1%
TSM opened at $290.53 on Friday. The firm has a market capitalization of $1.51 trillion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.02 and a beta of 1.31. The company’s 50 day simple moving average is $289.76 and its two-hundred day simple moving average is $248.39. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $311.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be paid a $0.9678 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.3%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 26.97%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Needham & Company LLC reiterated a “buy” rating and set a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $371.67.
Get Our Latest Stock Report on Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company Profile
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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