Generate Investment Management Ltd lifted its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 63.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,025 shares of the semiconductor company's stock after acquiring an additional 122,349 shares during the period. Taiwan Semiconductor Manufacturing makes up about 3.7% of Generate Investment Management Ltd's holdings, making the stock its 5th largest holding. Generate Investment Management Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $52,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the stock. Guardian Partners Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $9,222,000. Pinnacle Investment Management Ltd purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $26,661,000. Alphinity Investment Management Pty Ltd purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $349,241,000. Sentry LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at about $222,000. Finally, Red Crane Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $320,000. 16.51% of the stock is owned by institutional investors.
Taiwan Semiconductor Manufacturing Stock Up 4.6%
NYSE TSM opened at $220.03 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The stock has a market capitalization of $1.14 trillion, a PE ratio of 28.28, a PEG ratio of 1.09 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $226.40. The business's 50-day moving average is $188.59 and its 200 day moving average is $189.67.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.18%. Taiwan Semiconductor Manufacturing's payout ratio is presently 30.59%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on TSM shares. Needham & Company LLC restated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research note on Tuesday, June 17th. Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $222.50.
Read Our Latest Analysis on TSM
About Taiwan Semiconductor Manufacturing
(
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.
Further Reading
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