Virtu Financial LLC grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 242.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,669 shares of the semiconductor company's stock after purchasing an additional 20,289 shares during the quarter. Virtu Financial LLC's holdings in Taiwan Semiconductor Manufacturing were worth $4,979,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. Advisory Resource Group increased its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the third quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company's stock worth $1,387,000 after acquiring an additional 107 shares in the last quarter. M&T Bank Corp increased its stake in shares of Taiwan Semiconductor Manufacturing by 12.4% during the 3rd quarter. M&T Bank Corp now owns 241,714 shares of the semiconductor company's stock worth $41,979,000 after purchasing an additional 26,715 shares during the last quarter. TCW Group Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 0.5% in the third quarter. TCW Group Inc. now owns 176,017 shares of the semiconductor company's stock worth $30,569,000 after buying an additional 837 shares during the last quarter. Soltis Investment Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 673.3% during the third quarter. Soltis Investment Advisors LLC now owns 17,105 shares of the semiconductor company's stock worth $2,971,000 after purchasing an additional 14,893 shares during the period. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 24,496 shares of the semiconductor company's stock worth $4,260,000 after buying an additional 309 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.
Shares of TSM stock opened at $194.61 on Thursday. The firm's 50 day moving average price is $192.02 and its two-hundred day moving average price is $177.49. 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 Company Limited has a 52-week low of $98.80 and a 52-week high of $212.60. The stock has a market cap of $1.01 trillion, a PE ratio of 31.19, a PEG ratio of 0.94 and a beta of 1.09.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion for the quarter, compared to analysts' expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 31.57%.
A number of research firms have recently issued reports on TSM. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. Needham & Company LLC reissued a "buy" rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. Finally, Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $214.00.
Check Out Our Latest Research Report on 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.
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