Foguth Wealth Management LLC. Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited … – MarketBeat
Foguth Wealth Management LLC. purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,241 shares of the semiconductor company’s stock, valued at approximately $713,000.
Several other hedge funds have also recently added to or reduced their stakes in TSM. Capital World Investors increased its holdings in shares of 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 buying an additional 4,240,928 shares during the period. Morgan Stanley increased its holdings in shares of 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 buying an additional 2,400,882 shares during the period. Harding Loevner LP increased its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock worth $1,222,768,000 after buying an additional 2,008,043 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 buying an additional 1,649,279 shares during the period. Finally, Sanders Capital LLC increased 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 purchasing an additional 1,501,548 shares during the period. Institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Up 1.3 %
Taiwan Semiconductor Manufacturing stock traded up $2.18 during trading hours on Friday, hitting $173.81. 11,216,068 shares of the stock traded hands, compared to its average volume of 15,412,981. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $155.76 and its two-hundred day moving average price is $134.84. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $184.86. The company has a market cap of $901.45 billion, a PE ratio of 33.11, a PEG ratio of 1.19 and a beta of 1.11.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping 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 firm had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.
Taiwan Semiconductor Manufacturing Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a $0.4865 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.
Analyst Ratings Changes
TSM has been the topic of a number of research analyst reports. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $173.60.
Read Our Latest Analysis on Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Profile
(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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