2,000 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Bought by Goelzer Investment Management Inc. – Defense World
Posted by Defense World Staff on Jul 8th, 2024 
Goelzer Investment Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,000 shares of the semiconductor company’s stock, valued at approximately $272,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BNP Paribas acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $27,455,000. Choreo LLC raised its holdings in Taiwan Semiconductor Manufacturing by 44.8% during the first quarter. Choreo LLC now owns 3,920 shares of the semiconductor company’s stock worth $534,000 after purchasing an additional 1,213 shares in the last quarter. Mckinley Capital Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 17.3% during the 1st quarter. Mckinley Capital Management LLC now owns 15,329 shares of the semiconductor company’s stock worth $2,086,000 after buying an additional 2,266 shares during the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.3% in the 1st quarter. Moloney Securities Asset Management LLC now owns 6,810 shares of the semiconductor company’s stock valued at $927,000 after buying an additional 155 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $44,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the stock. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Sanford C. Bernstein lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $173.60.
Check Out Our Latest Stock Report on Taiwan Semiconductor Manufacturing
TSM stock traded up $4.80 during trading on Monday, hitting $188.79. The company had a trading volume of 10,669,184 shares, compared to its average volume of 14,956,330. The firm has a 50-day moving average price of $160.27 and a 200-day moving average price of $137.77. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. The firm has a market cap of $979.14 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $192.80.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a $0.4865 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.
(Free Report)
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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