QRG Capital Management Inc. Increases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

QRG Capital Management Inc. increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,043 shares of the semiconductor company’s stock after purchasing an additional 831 shares during the quarter. QRG Capital Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $22,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TSM. AMF Tjanstepension AB boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after purchasing an additional 70,057 shares during the period. Nisa Investment Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 5.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock valued at $317,000 after acquiring an additional 100 shares in the last quarter. Orrstown Financial Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at $213,000. abrdn plc raised its holdings in Taiwan Semiconductor Manufacturing by 11.9% in the third quarter. abrdn plc now owns 239,742 shares of the semiconductor company’s stock valued at $41,589,000 after acquiring an additional 25,576 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 11.5% in the third quarter. Traynor Capital Management Inc. now owns 1,514 shares of the semiconductor company’s stock valued at $263,000 after acquiring an additional 156 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays upped their price target 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 cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 2.8 %

Shares of NYSE:TSM opened at $194.70 on Thursday. The stock has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The company’s fifty day moving average is $205.35 and its two-hundred day moving average is $191.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.41%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.11%.

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.