FACT Capital LP Purchases New Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – MarketBeat
FACT Capital LP purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 70,432 shares of the semiconductor company’s stock, valued at approximately $7,325,000. Taiwan Semiconductor Manufacturing accounts for about 2.9% of FACT Capital LP’s holdings, making the stock its 17th largest holding.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sanders Capital LLC raised its holdings in Taiwan Semiconductor Manufacturing by 3.5% during the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock valued at $4,630,842,000 after buying an additional 1,501,548 shares during the period. Capital World Investors increased its stake in Taiwan Semiconductor Manufacturing by 11.4% in the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock worth $4,301,178,000 after purchasing an additional 4,240,928 shares during the period. Fisher Asset Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after purchasing an additional 442,289 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Taiwan Semiconductor Manufacturing by 6.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after purchasing an additional 1,649,279 shares during the period. Finally, Morgan Stanley increased its stake in Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after purchasing an additional 2,400,882 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on TSM. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Needham & Company LLC reissued a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. Finally, TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.
View Our Latest Stock Report on Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Stock Down 0.5 %
TSM stock traded down $0.88 during trading on Friday, reaching $172.03. 5,208,250 shares of the company traded hands, compared to its average volume of 14,856,798. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $176.06. The business has a 50 day simple moving average of $148.34 and a 200 day simple moving average of $128.82. The company has a market capitalization of $892.22 billion, a price-to-earnings ratio of 32.91, a price-to-earnings-growth ratio of 1.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share 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 company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.14 earnings per share for the current fiscal year.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.13%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.
About Taiwan Semiconductor Manufacturing
(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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
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