Choreo LLC Acquires 1,213 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) – Defense World
Posted by Defense World Staff on Jul 8th, 2024 
Choreo LLC raised its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 44.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,920 shares of the semiconductor company’s stock after buying an additional 1,213 shares during the period. Choreo LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $534,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Johnson Financial Group Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $25,000. Financial Gravity Asset Management Inc. raised its stake in Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 211 shares during the period. LifeSteps Financial Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $27,000. North Star Investment Management Corp. lifted its position in Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 181 shares during the last quarter. Finally, Sachetta LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $29,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of TSM traded up $5.16 during midday trading on Monday, hitting $189.15. The company’s stock had a trading volume of 8,799,871 shares, compared to its average volume of 14,941,839. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $192.80. The stock has a market capitalization of $981.01 billion, a price-to-earnings ratio of 36.23, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. The company’s fifty day simple moving average is $160.27 and its two-hundred day simple moving average is $137.77.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. As a group, equities analysts expect 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. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This represents a $1.95 dividend on an annualized basis 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 payout ratio is presently 32.76%.
Several analysts recently weighed in on the company. TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Sanford C. Bernstein increased 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. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $173.60.
Check Out Our Latest Research Report 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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