MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 42.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,818 shares of the semiconductor company’s stock after buying an additional 1,727 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Taiwan Semiconductor Manufacturing were worth $433,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Putnam Investments LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.7% in the third quarter. Putnam Investments LLC now owns 141,215 shares of the semiconductor company’s stock worth $9,681,000 after buying an additional 5,031 shares during the period. Financial Management Professionals Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 75.9% in the fourth quarter. Financial Management Professionals Inc. now owns 695 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 300 shares during the last quarter. American National Bank boosted its holdings in Taiwan Semiconductor Manufacturing by 52.5% in the third quarter. American National Bank now owns 1,432 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 493 shares during the last quarter. Jacobi Capital Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 128.1% in the third quarter. Jacobi Capital Management LLC now owns 11,792 shares of the semiconductor company’s stock valued at $808,000 after purchasing an additional 6,622 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 6.7% in the third quarter. Ballentine Partners LLC now owns 14,244 shares of the semiconductor company’s stock valued at $977,000 after purchasing an additional 896 shares during the last quarter. Hedge funds and other institutional investors own 16.79% of the company’s stock.
Taiwan Semiconductor Manufacturing Trading Up 0.6 %
Shares of NYSE TSM opened at $93.02 on Friday. The stock’s 50 day moving average price is $91.53 and its two-hundred day moving average price is $80.46. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $59.43 and a 52-week high of $109.75. The stock has a market capitalization of $482.41 billion, a P/E ratio of 14.18, a PEG ratio of 0.81 and a beta of 1.10. The company has a quick ratio of 1.94, a current ratio of 2.17 and a debt-to-equity ratio of 0.29.
Taiwan Semiconductor Manufacturing Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Friday, June 16th will be given a dividend of $0.3597 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, June 15th. Taiwan Semiconductor Manufacturing’s payout ratio is 21.65%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on TSM shares. StockNews.com started coverage on Taiwan Semiconductor Manufacturing in a report on Thursday, March 16th. They issued a “buy” rating for the company. KGI Securities started coverage on Taiwan Semiconductor Manufacturing in a report on Wednesday. They issued an “outperform” rating for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Friday, March 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.25.
Taiwan Semiconductor Manufacturing Profile
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
Read More
- Get a free copy of the StockNews.com research report on Taiwan Semiconductor Manufacturing (TSM)
- MarketBeat Week in Review – 3/27 – 3/31
- What is a Gold IRA, and is it a Viable Investment?
- Is Braze Inc Ready To Rocket Higher?
- Mullen Automotive Makes Deliveries; Short-Squeeze Possible
- Can Frontline Maintain This Momentum?
Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating).
Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.
