AXQ Capital LP Acquires New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

AXQ Capital LP purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,700 shares of the semiconductor company’s stock, valued at approximately $350,000.

Other large investors also recently bought and sold shares of the company. Westside Investment Management Inc. raised its stake in Taiwan Semiconductor Manufacturing by 169.5% during the third quarter. Westside Investment Management Inc. now owns 318 shares of the semiconductor company’s stock worth $13,720,000 after purchasing an additional 200 shares during the period. Red Tortoise LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $26,000. Boyd Watterson Asset Management LLC OH purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $27,000. Luken Investment Analytics LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $30,000. Finally, Zeal Asset Management Ltd purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $28,000. Hedge funds and other institutional investors own 16.79% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent analyst reports. KGI Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, March 29th. They set an “outperform” rating on the stock. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “positive” rating and set a $126.00 target price on the stock in a research note on Monday, April 17th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 20th. Finally, StockNews.com started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $99.75.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $100.95 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $59.43 and a 12-month high of $102.37. The company has a market capitalization of $523.53 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 2.04. The firm’s fifty day moving average price is $88.47 and its 200 day moving average price is $85.59.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 15th will be paid a dividend of $0.489 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.96 annualized dividend and a yield of 1.94%. Taiwan Semiconductor Manufacturing’s payout ratio is 21.95%.

Taiwan Semiconductor Manufacturing Profile

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Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.