Tema Etfs LLC Buys Shares of 11,368 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Tema Etfs LLC bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,368 shares of the semiconductor company's stock, valued at approximately $2,245,000.

Several other large investors have also recently bought and sold shares of the company. Steadfast Capital Management LP increased its stake in Taiwan Semiconductor Manufacturing by 2.6% in the fourth quarter. Steadfast Capital Management LP now owns 595,100 shares of the semiconductor company's stock valued at $117,526,000 after purchasing an additional 15,300 shares in the last quarter. Summit Partners Public Asset Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 14.3% in the fourth quarter. Summit Partners Public Asset Management LLC now owns 687,778 shares of the semiconductor company's stock valued at $135,829,000 after buying an additional 85,962 shares during the period. Shay Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $415,000. Skye Global Management LP acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $140,613,000. Finally, Silvercrest Asset Management Group LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 81.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 134,128 shares of the semiconductor company's stock valued at $26,489,000 after buying an additional 60,385 shares during the period. Institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $193.94 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $133.57 and a 12 month high of $226.40. The firm has a fifty day simple moving average of $167.42 and a 200 day simple moving average of $187.40. The stock has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 27.55, a PEG ratio of 0.66 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The business had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 27.76%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.