Quadrant Capital Group LLC Has $4.84 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Quadrant Capital Group LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 22.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,554 shares of the semiconductor company’s stock after buying an additional 8,646 shares during the quarter. Quadrant Capital Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CapWealth Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after purchasing an additional 21,329 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after buying an additional 442,289 shares in the last quarter. Verus Capital Partners LLC lifted its position in Taiwan Semiconductor Manufacturing by 53.6% in the 3rd quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 1,119 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Taiwan Semiconductor Manufacturing by 99.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company’s stock valued at $442,000 after purchasing an additional 2,534 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Taiwan Semiconductor Manufacturing by 23.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company’s stock worth $1,200,000 after purchasing an additional 2,663 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded down $0.44 during mid-day trading on Friday, hitting $151.79. The company had a trading volume of 5,622,579 shares, compared to its average volume of 15,099,800. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The firm has a market cap of $787.25 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.11 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’s fifty day moving average price is $140.37 and its two-hundred day moving average price is $119.85.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.25%. The company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

Analyst Ratings Changes

Several brokerages recently issued reports on TSM. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Finally, TD Cowen increased their price target 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 issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing 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.