Lockheed Martin Investment Management Co. raised its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 42.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,700 shares of the semiconductor company's stock after purchasing an additional 41,300 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 0.9% of Lockheed Martin Investment Management Co.'s portfolio, making the stock its 26th largest holding. Lockheed Martin Investment Management Co.'s holdings in Taiwan Semiconductor Manufacturing were worth $22,858,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in TSM. City Holding Co. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 238.0% in the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 119 shares during the period. Accredited Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $31,000. Signature Resources Capital Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 138.8% in the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock worth $32,000 after buying an additional 111 shares in the last quarter. Graybill Wealth Management LTD. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $33,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $33,000. 16.51% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on TSM. Susquehanna increased their price objective on 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 reiterated an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average price target of $258.33.
Read Our Latest Analysis on Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Stock Down 0.3%
Taiwan Semiconductor Manufacturing stock traded down $0.71 during trading hours on Friday, hitting $241.91. 10,540,805 shares of the stock traded hands, compared to its average volume of 12,466,225. The firm's 50-day moving average price is $226.40 and its two-hundred day moving average price is $196.53. 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 market cap of $1.25 trillion, a PE ratio of 27.58, a PEG ratio of 1.17 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year 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 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The business had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. During the same period in the previous year, the firm posted $1.48 EPS. The business's revenue was up 44.4% on a year-over-year basis. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is presently 28.16%.
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.
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