BlueCrest Capital Management Ltd Takes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE … – Defense World
Posted by Defense World Staff on Jun 13th, 2024 
BlueCrest Capital Management Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,000 shares of the semiconductor company’s stock, valued at approximately $208,000.
Several other institutional investors have also recently made changes to their positions in the company. Point72 Hong Kong Ltd increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1,130.5% during the 4th quarter. Point72 Hong Kong Ltd now owns 148,886 shares of the semiconductor company’s stock valued at $15,484,000 after purchasing an additional 136,786 shares in the last quarter. Credit Capital Investments LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 9.4% during the 4th quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock valued at $6,032,000 after purchasing an additional 5,000 shares in the last quarter. Barometer Capital Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $125,000. Ethic Inc. grew its stake in Taiwan Semiconductor Manufacturing by 2.4% in the 4th quarter. Ethic Inc. now owns 68,998 shares of the semiconductor company’s stock valued at $7,176,000 after acquiring an additional 1,621 shares during the period. Finally, Harber Asset Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 15.5% in the 4th quarter. Harber Asset Management LLC now owns 256,958 shares of the semiconductor company’s stock valued at $26,724,000 after acquiring an additional 34,550 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.
Shares of TSM opened at $172.92 on Thursday. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $176.06. The firm has a 50-day moving average price of $147.67 and a 200 day moving average price of $128.51. The firm has a market capitalization of $896.81 billion, a P/E ratio of 32.94, a P/E/G ratio of 1.21 and a beta of 1.11.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last announced its quarterly earnings data 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 net margin of 38.15% and a return on equity of 24.75%. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a $0.4865 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.
A number of research firms recently issued reports on TSM. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Finally, Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.00.
View Our Latest Stock Analysis on TSM
(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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