Quadrant Capital Group LLC Purchases 1,400 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Quadrant Capital Group LLC lifted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.6% during the 4th quarter, HoldingsChannel reports. The firm owned 55,720 shares of the semiconductor company’s stock after buying an additional 1,400 shares during the period. Taiwan Semiconductor Manufacturing comprises about 0.8% of Quadrant Capital Group LLC’s investment portfolio, making the stock its 20th biggest position. Quadrant Capital Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $11,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Jennison Associates LLC increased its stake in Taiwan Semiconductor Manufacturing by 72.9% in the 4th quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company’s stock worth $1,372,461,000 after acquiring an additional 2,931,209 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 32.3% in the fourth quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock worth $1,678,283,000 after purchasing an additional 2,074,329 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $349,241,000. Public Employees Retirement System of Ohio bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $229,098,000. Finally, Alliancebernstein L.P. grew its stake in Taiwan Semiconductor Manufacturing by 23.4% in the 4th quarter. Alliancebernstein L.P. now owns 6,742,256 shares of the semiconductor company’s stock worth $1,331,528,000 after buying an additional 1,276,793 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $146.88 on Friday. The firm has a market cap of $761.76 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.66 and a beta of 1.16. The firm’s fifty day moving average is $186.54 and its 200 day moving average is $192.26. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.87%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSM. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.