Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 23.0% in the first quarter, HoldingsChannel.com reports. The firm owned 277,013 shares of the semiconductor company’s stock after acquiring an additional 51,791 shares during the quarter. Quantinno Capital Management LP’s holdings in Taiwan Semiconductor Manufacturing were worth $93,617,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Castleark Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 13.6% in the first quarter. Castleark Management LLC now owns 41,210 shares of the semiconductor company’s stock valued at $13,927,000 after purchasing an additional 4,920 shares during the period. Sculptor Capital LP raised its stake in shares of Taiwan Semiconductor Manufacturing by 38.6% during the first quarter. Sculptor Capital LP now owns 323,000 shares of the semiconductor company’s stock worth $109,158,000 after purchasing an additional 90,000 shares during the last quarter. Cardiff Park Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 10.3% during the first quarter. Cardiff Park Advisors LLC now owns 3,393 shares of the semiconductor company’s stock worth $1,147,000 after purchasing an additional 318 shares during the period. Intelligence Driven Advisers LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.8% during the first quarter. Intelligence Driven Advisers LLC now owns 4,174 shares of the semiconductor company’s stock worth $1,411,000 after purchasing an additional 152 shares during the period. Finally, Gateway Wealth Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 520.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 13,979 shares of the semiconductor company’s stock valued at $4,724,000 after buying an additional 11,726 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Insider Transactions at Taiwan Semiconductor Manufacturing

In related news, VP Bor-Zen Tien purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of $69.91 per share, for a total transaction of $139,820.00. Following the acquisition, the vice president directly owned 11,051 shares of the company’s stock, valued at $772,575.41. This trade represents a 22.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Tzu-Sou Chuang sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $69.83, for a total transaction of $13,966,000.00. Following the completion of the sale, the vice president owned 2,495,165 shares of the company’s stock, valued at $174,237,371.95. This trade represents a 7.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have purchased a total of 6,857 shares of company stock valued at $512,334 in the last ninety days. 1.11% of the stock is currently owned by company insiders.

Taiwan Semiconductor Manufacturing Stock Down 0.9%

Taiwan Semiconductor Manufacturing stock opened at $399.94 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.49 and a quick ratio of 2.31. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $223.70 and a 1-year high of $479.00. The company has a market cap of $2.07 trillion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 0.93 and a beta of 1.36. The stock’s 50 day moving average price is $427.75 and its 200 day moving average price is $382.65.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share (EPS) for the quarter. The firm had revenue of $39.89 billion during the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 40.88% and a net margin of 50.31%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.34 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $1.1136 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.45 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 21.43%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TSM. Zacks Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Weiss Ratings downgraded shares of Taiwan Semiconductor Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, July 13th. Needham & Company LLC boosted their price target on shares of Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the stock a “buy” rating in a research note on Monday. Finally, TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $496.25.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.