Quattro Financial Advisors LLC Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Quattro Financial Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4,707.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 5,000 shares of the semiconductor company’s stock after acquiring an additional 4,896 shares during the period. Quattro Financial Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $680,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital World Investors raised its position in Taiwan Semiconductor Manufacturing by 11.4% in the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after purchasing an additional 4,240,928 shares in the last quarter. Morgan Stanley raised its position in shares of Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after acquiring an additional 2,400,882 shares in the last quarter. Harding Loevner LP raised its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock worth $1,222,768,000 after acquiring an additional 2,008,043 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Taiwan Semiconductor Manufacturing by 6.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after acquiring an additional 1,649,279 shares in the last quarter. Finally, Sanders Capital LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.5% during the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after acquiring an additional 1,501,548 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 1.9 %

TSM stock traded up $3.29 during trading on Tuesday, reaching $175.62. 10,646,245 shares of the stock traded hands, compared to its average volume of 15,043,256. The business’s 50 day moving average price is $156.61 and its 200-day moving average price is $135.55. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $184.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The firm has a market capitalization of $910.84 billion, a PE ratio of 33.62, a P/E/G ratio of 1.19 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a $0.4865 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.11%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Wall Street Analysts Forecast Growth

TSM has been the topic of several research analyst reports. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 17th. Sanford C. Bernstein raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. TD Cowen raised their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $173.60.

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.