Gold Investment Management Ltd. Makes New $5.29 Million Investment in Taiwan Semiconductor Manufacturing … – MarketBeat
BOCHK Asset Management Ltd purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,986 shares of the semiconductor company’s stock, valued at approximately $518,000.
A number of other institutional investors also recently added to or reduced their stakes in TSM. Sigma Planning Corp boosted its position in Taiwan Semiconductor Manufacturing by 7.6% during the third quarter. Sigma Planning Corp now owns 4,978 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 351 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 8.0% in the third quarter. Cornerstone Wealth Management LLC now owns 5,253 shares of the semiconductor company’s stock valued at $456,000 after buying an additional 390 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in Taiwan Semiconductor Manufacturing by 9.6% in the third quarter. Great Valley Advisor Group Inc. now owns 7,168 shares of the semiconductor company’s stock valued at $623,000 after buying an additional 626 shares during the last quarter. Clearstead Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 132.7% in the third quarter. Clearstead Advisors LLC now owns 2,839 shares of the semiconductor company’s stock valued at $247,000 after buying an additional 1,619 shares during the last quarter. Finally, Financial Counselors Inc. raised its stake in Taiwan Semiconductor Manufacturing by 6.6% in the third quarter. Financial Counselors Inc. now owns 13,891 shares of the semiconductor company’s stock valued at $1,207,000 after buying an additional 865 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.
Shares of NYSE:TSM traded down $1.92 during trading on Friday, hitting $151.04. The stock had a trading volume of 13,782,609 shares, compared to its average volume of 11,551,768. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $160.78. The stock has a market capitalization of $783.36 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 1.10 and a beta of 1.13. 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 stock has a 50-day simple moving average of $143.83 and a two-hundred day simple moving average of $124.92.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted 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 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 research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a $0.4865 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change 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 1.29%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.
A number of research firms have commented on TSM. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. One 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.
Get Our Latest Stock Report on TSM
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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