Quantbot Technologies LP Sells 30,784 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Quantbot Technologies LP lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 78.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,588 shares of the semiconductor company’s stock after selling 30,784 shares during the period. Quantbot Technologies LP’s holdings in Taiwan Semiconductor Manufacturing were worth $1,696,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $26,000. Hopwood Financial Services Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $27,000. Roxbury Financial LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $29,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TSM. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $181.29 on Tuesday. The firm has a market cap of $940.27 billion, a P/E ratio of 25.75, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The company has a 50 day simple moving average of $195.27 and a two-hundred day simple moving average of $192.45. 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 (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.51%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

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.