Bank OZK Has $4.03 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

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Bank OZK grew its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 18.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,283 shares of the semiconductor company's stock after acquiring an additional 3,787 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 1.7% of Bank OZK's holdings, making the stock its 11th largest position. Bank OZK's holdings in Taiwan Semiconductor Manufacturing were worth $4,031,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its position in Taiwan Semiconductor Manufacturing by 0.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock worth $214,442,000 after acquiring an additional 11,693 shares in the last quarter. Pinnacle Investment Management Ltd bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $26,661,000. Sentry LLC bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth approximately $222,000. Compound Global Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 31.2% in the first quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock worth $747,000 after acquiring an additional 1,141 shares in the last quarter. Finally, Alpha Cubed Investments LLC grew its position in Taiwan Semiconductor Manufacturing by 283.7% in the first quarter. Alpha Cubed Investments LLC now owns 194,028 shares of the semiconductor company's stock worth $32,209,000 after acquiring an additional 143,457 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $241.29 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $231.17 and a 200 day simple moving average of $198.02. The company has a market cap of $1.25 trillion, a P/E ratio of 27.51, a P/E/G ratio of 1.16 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The firm had revenue of $30.07 billion during the quarter, compared to the consensus estimate of $28.50 billion. During the same period in the prior year, the firm earned $1.48 EPS. The business's revenue was up 44.4% on a year-over-year basis. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $258.33.

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 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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