Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 55.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,358,317 shares of the semiconductor company's stock after buying an additional 482,561 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 3.2% of Migdal Insurance & Financial Holdings Ltd.'s holdings, making the stock its 9th biggest holding. Migdal Insurance & Financial Holdings Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $226,404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors lifted its position in Taiwan Semiconductor Manufacturing by 20.0% during the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock valued at $59,000 after buying an additional 50 shares in the last quarter. First Heartland Consultants Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.2% during the 4th quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after acquiring an additional 50 shares in the last quarter. Formidable Asset Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% during the 4th quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after acquiring an additional 50 shares in the last quarter. Connecticut Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% during the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock worth $1,465,000 after purchasing an additional 55 shares in the last quarter. Finally, WealthCollab LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 6.7% during the fourth quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock worth $176,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

TSM has been the topic of several analyst reports. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna set a $265.00 price objective on shares of Taiwan Semiconductor Manufacturing and gave the company a "positive" rating in a research note on Monday. Barclays reissued an "overweight" rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $236.25.

Taiwan Semiconductor Manufacturing Stock Down 2.1%

TSM stock traded down $5.20 during midday trading on Friday, hitting $240.40. 16,235,822 shares of the company's stock were exchanged, compared to its average volume of 15,024,312. The firm has a 50 day moving average price of $211.45 and a 200-day moving average price of $193.43. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $248.28. The stock has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 1.32 and a beta of 1.29. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results 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 company had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The business's revenue was up 44.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 EPS. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS 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. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 31.75%.

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.