Okabena Investment Services Inc. Buys 26,336 Shares of Taiwan Semiconductor Manufacturing Company Limited … – MarketBeat

Okabena Investment Services Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 342.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,030 shares of the semiconductor company’s stock after purchasing an additional 26,336 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.4% of Okabena Investment Services Inc.’s holdings, making the stock its 21st biggest position. Okabena Investment Services Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,539,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Public Sector Pension Investment Board raised its stake in Taiwan Semiconductor Manufacturing by 33.9% in the 4th quarter. Public Sector Pension Investment Board now owns 720,772 shares of the semiconductor company’s stock valued at $74,960,000 after acquiring an additional 182,390 shares during the period. Franchise Capital Ltd raised its stake in Taiwan Semiconductor Manufacturing by 235.4% in the 4th quarter. Franchise Capital Ltd now owns 213,150 shares of the semiconductor company’s stock valued at $22,168,000 after acquiring an additional 149,605 shares during the period. Groupama Asset Managment bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $11,560,000. Harding Loevner LP raised its stake in Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock valued at $1,222,768,000 after acquiring an additional 2,008,043 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $5,349,000. Institutional investors own 16.51% of the company’s stock.
TSM has been the topic of a number of research analyst reports. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. TD Cowen increased their price objective 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. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Finally, Susquehanna increased their price objective 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.00.
Read Our Latest Analysis on TSM
Shares of TSM traded down $0.40 during trading hours on Friday, hitting $172.51. 9,192,483 shares of the company were exchanged, compared to its average volume of 12,962,030. The company has a market cap of $894.71 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 1.19 and a beta of 1.11. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $176.06. 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’s fifty day moving average is $148.96 and its 200 day moving average is $129.56.
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, topping the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.76%.
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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