39,372 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the third quarter, Holdings Channel reports. The fund bought 39,372 shares of the semiconductor company’s stock, valued at approximately $6,838,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC raised its holdings in Taiwan Semiconductor Manufacturing by 7.2% in the 3rd quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company’s stock valued at $9,721,138,000 after buying an additional 3,783,802 shares during the period. Fisher Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.3% during the third quarter. Fisher Asset Management LLC now owns 28,767,106 shares of the semiconductor company’s stock valued at $4,995,984,000 after acquiring an additional 359,854 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the 3rd quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock valued at $3,176,423,000 after acquiring an additional 122,828 shares during the period. WCM Investment Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 14.1% in the 3rd quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock worth $1,733,104,000 after acquiring an additional 1,206,359 shares during the last quarter. Finally, PineStone Asset Management Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 116.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock worth $1,352,992,000 after purchasing an additional 4,186,133 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $184.99 on Tuesday. The company has a fifty day moving average of $188.24 and a two-hundred day moving average of $174.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The company has a market capitalization of $959.43 billion, a PE ratio of 29.65, a P/E/G ratio of 0.88 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.19%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TSM. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $214.00.

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.