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IPG Investment Advisors LLC Boosts Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Taiwan Semiconductor Manufacturing logo with Computer and Technology background

Key Points

  • IPG Investment Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing Company by 111.1% during the first quarter, now holding 3,771 shares valued at $628,000.
  • Barclays and Susquehanna have recently raised their price targets for the company, indicating a positive outlook with targets set at $240.00 and $265.00 respectively.
  • Taiwan Semiconductor's stock performance shows a current market price of $235.28, with a 12-month low of $133.57 and a high of $248.28.
  • Five stocks to consider instead of Taiwan Semiconductor Manufacturing.

IPG Investment Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 111.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,771 shares of the semiconductor company's stock after buying an additional 1,985 shares during the quarter. IPG Investment Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. Brighton Jones LLC increased its position in Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after purchasing an additional 1,892 shares during the last quarter. KCM Investment Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.6% in the 4th quarter. KCM Investment Advisors LLC now owns 8,628 shares of the semiconductor company's stock valued at $1,704,000 after buying an additional 222 shares during the period. Sit Investment Associates Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Sit Investment Associates Inc. now owns 20,214 shares of the semiconductor company's stock worth $3,992,000 after buying an additional 639 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 2.6% during the 4th quarter. Quadrant Capital Group LLC now owns 55,720 shares of the semiconductor company's stock valued at $11,005,000 after buying an additional 1,400 shares during the period. Finally, Himension Capital Singapore PTE. LTD. lifted its holdings in Taiwan Semiconductor Manufacturing by 8.3% in the fourth quarter. Himension Capital Singapore PTE. LTD. now owns 1,113,593 shares of the semiconductor company's stock valued at $219,923,000 after acquiring an additional 84,889 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays reiterated an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Susquehanna increased 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 note on Monday, July 14th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $258.33.

Check Out Our Latest Research Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $235.28 on Monday. The stock has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.15. The business has a 50-day moving average of $222.20 and a 200 day moving average of $195.85. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The business's revenue for the quarter was up 44.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 earnings per share. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 28.16%.

Taiwan Semiconductor Manufacturing Company Profile

(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.

See Also

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 Ltd. (NYSE:TSM - Free Report).

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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