LPL Financial LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 490,840 shares of the semiconductor company’s stock after buying an additional 5,966 shares during the quarter. LPL Financial LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $45,658,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Morgan Stanley lifted its holdings in Taiwan Semiconductor Manufacturing by 27.7% during the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after buying an additional 7,045,899 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 1st quarter. Fisher Asset Management LLC now owns 25,228,676 shares of the semiconductor company’s stock valued at $2,346,771,000 after purchasing an additional 810,901 shares during the period. Fiera Capital Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.1% in the 1st quarter. Fiera Capital Corp now owns 15,419,976 shares of the semiconductor company’s stock valued at $1,434,366,000 after purchasing an additional 173,053 shares during the period. Schroder Investment Management Group lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.6% in the 4th quarter. Schroder Investment Management Group now owns 11,342,489 shares of the semiconductor company’s stock valued at $844,902,000 after purchasing an additional 394,914 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 9.6% in the 1st quarter. Van ECK Associates Corp now owns 10,876,895 shares of the semiconductor company’s stock valued at $1,011,769,000 after purchasing an additional 953,346 shares during the period. 16.41% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TSM has been the topic of a number of recent analyst reports. Needham & Company LLC dropped their price objective on Taiwan Semiconductor Manufacturing from $118.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Finally, Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $128.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, July 14th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $108.33.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of TSM opened at $91.10 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.13 and a current ratio of 2.42. The stock has a 50 day moving average price of $99.86 and a two-hundred day moving average price of $93.92. The firm has a market capitalization of $472.48 billion, a P/E ratio of 15.03, a P/E/G ratio of 3.16 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $59.43 and a 52 week high of $110.69.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $15.52 billion. Taiwan Semiconductor Manufacturing had a return on equity of 32.08% and a net margin of 43.31%. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.83 earnings per share for the current fiscal year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.4724 per share. This represents a $1.89 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, December 14th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 22.94%.
Taiwan Semiconductor Manufacturing Profile
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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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