Quantbot Technologies LP Cuts Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Quantbot Technologies LP reduced its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 61.3% in the 2nd quarter, as per its latest SEC filing. The fund now owns 18,361 shares worth $4,159,000. Other hedge funds also adjusted their positions in TSM. Analysts have given TSM a consensus 'Buy' rating with a target price of $371.67. TSM reported strong quarterly earnings and increased its dividend. The stock opened at $295.32 with a market cap of $1.53 trillion.

Quantbot Technologies LP cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 61.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,361 shares of the semiconductor company's stock after selling 29,064 shares during the period. Quantbot Technologies LP's holdings in Taiwan Semiconductor Manufacturing were worth $4,159,000 at the end of the most recent reporting period.

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Other hedge funds have also bought and sold shares of the company. 1248 Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $28,000. Mid American Wealth Advisory Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $33,000. First Command Advisory Services Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 174.1% during the second quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company's stock valued at $36,000 after buying an additional 101 shares during the last quarter. Hemington Wealth Management increased its holdings in Taiwan Semiconductor Manufacturing by 78.2% during the first quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company's stock valued at $41,000 after buying an additional 111 shares during the last quarter. Finally, Keystone Global Partners LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter worth approximately $49,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TSM shares. Itau BBA Securities assumed coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They set an "outperform" rating on the stock. Needham & Company LLC restated a "buy" rating and issued a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, October 17th. Finally, Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Friday, November 28th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Buy" and a consensus target price of $371.67.

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Check Out Our Latest Research Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $295.32 on Thursday. The firm has a market cap of $1.53 trillion, a PE ratio of 30.29, a PEG ratio of 0.99 and a beta of 1.31. The stock has a 50 day moving average of $291.10 and a 200 day moving average of $251.56. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $311.37.

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Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.33. The business had revenue of $32.36 billion for the quarter, compared to the consensus estimate of $951.89 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The company's revenue was up 40.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 17th will be paid a dividend of $0.9678 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.83. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. Taiwan Semiconductor Manufacturing's payout ratio is currently 25.74%.

About Taiwan Semiconductor Manufacturing

(Free Report)

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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