MQS Management LLC Buys Shares of 3,553 Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

MQS Management LLC bought a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,553 shares of the semiconductor company's stock, valued at approximately $590,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Left Brain Wealth Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 113.6% in the first quarter. Left Brain Wealth Management LLC now owns 40,220 shares of the semiconductor company's stock valued at $6,677,000 after buying an additional 21,388 shares during the last quarter. CWM LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.1% during the first quarter. CWM LLC now owns 32,112 shares of the semiconductor company's stock worth $5,331,000 after buying an additional 340 shares during the period. Schear Investment Advisers LLC lifted its position in Taiwan Semiconductor Manufacturing by 162.0% in the first quarter. Schear Investment Advisers LLC now owns 8,291 shares of the semiconductor company's stock valued at $1,376,000 after purchasing an additional 5,126 shares during the period. Pittenger & Anderson Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 13.8% in the first quarter. Pittenger & Anderson Inc. now owns 77,159 shares of the semiconductor company's stock valued at $12,808,000 after buying an additional 9,327 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.2% during the 1st quarter. New York State Common Retirement Fund now owns 1,187,986 shares of the semiconductor company's stock worth $197,206,000 after purchasing an additional 26,111 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSM. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday, June 17th. Barclays reiterated an "overweight" rating and set a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Needham & Company LLC raised their target price on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus price target of $233.75.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $230.38 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $237.58. The company has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 29.61, a PEG ratio of 1.25 and a beta of 1.29. The company has a 50-day moving average of $206.45 and a 200-day moving average of $192.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.13%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 31.75%.

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.

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