Quantitative Systematic Strategies LLC Buys 4,822 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Posted by Thomas Dobrow
Quantitative Systematic Strategies LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 42.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,070 shares of the semiconductor company’s stock after purchasing an additional 4,822 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,901,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of TSM. Montag A & Associates Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $26,000. Manchester Financial Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $30,000. Cranbrook Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $30,000. Abundance Wealth Counselors purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $32,000. Finally, Kings Point Capital Management purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $33,000. 18.27% of the stock is owned by institutional investors and hedge funds. Get Taiwan Semiconductor Manufacturing alerts:
Several research analysts have recently weighed in on the stock. Susquehanna reiterated a “sell” rating and set a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, January 26th. Susquehanna Bancshares reiterated a “sell” rating and set a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, January 26th. Atlantic Securities began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, April 19th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Saturday, April 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Taiwan Semiconductor Manufacturing presently has an average rating of “Hold” and an average target price of $110.60. Shares of TSM traded down $1.43 during trading hours on Friday, reaching $111.85. 5,979,369 shares of the stock traded hands, compared to its average volume of 12,259,628. The company has a current ratio of 1.75, a quick ratio of 1.56 and a debt-to-equity ratio of 0.14. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $49.61 and a 52-week high of $142.20. The company’s 50-day moving average price is $117.73 and its two-hundred day moving average price is $115.08. The company has a market cap of $580.06 billion, a P/E ratio of 32.90, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, April 15th. The semiconductor company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. The company had revenue of $12.92 billion for the quarter, compared to analysts’ expectations of $12.83 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.94% and a return on equity of 28.73%. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.01 EPS for the current year.
Taiwan Semiconductor Manufacturing Profile
Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.
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