What's Happening?
Quilter Plc has increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) by 0.6% during the second quarter, as reported in its latest Form 13F filing with the Securities & Exchange Commission. The institutional investor now owns 628,840 shares of TSMC, making it the 12th largest position in Quilter Plc's investment portfolio. The value of these holdings is approximately $142,426,000. Other institutional investors have also adjusted their stakes in TSMC, with Alliance Wealth Advisors LLC, Pflug Koory LLC, and Frazier Financial Advisors LLC all increasing their positions. TSMC's stock has been rated as a 'Moderate Buy' by analysts, with a target price of $371.67.
Why It's Important?
The increase in Quilter Plc's investment in TSMC reflects
confidence in the semiconductor industry, which is crucial for technological advancements and economic growth. TSMC is a leading player in the semiconductor market, and its performance can significantly impact the global tech industry. The company's strong earnings and revenue growth indicate robust demand for semiconductors, driven by sectors like AI, mobile devices, and automotive technology. Institutional investments in TSMC suggest a positive outlook for the company's future, potentially influencing stock market trends and investor strategies.
