Moran Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,832 shares of the semiconductor company's stock after acquiring an additional 8,013 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.1% of Moran Wealth Management LLC's holdings, making the stock its 15th largest position. Moran Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $32,176,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Guardian Partners Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $9,222,000. Hardman Johnston Global Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 7.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock valued at $75,329,000 after acquiring an additional 26,847 shares in the last quarter. Pinnacle Investment Management Ltd acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $26,661,000. Alphinity Investment Management Pty Ltd acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $349,241,000. Finally, BankPlus Trust Department purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $1,509,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Trading Up 4.6%
Taiwan Semiconductor Manufacturing stock traded up $9.71 during mid-day trading on Tuesday, hitting $220.03. The company's stock had a trading volume of 14,792,177 shares, compared to its average volume of 16,324,357. The stock's fifty day moving average is $187.34 and its two-hundred day moving average is $189.45. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.14 trillion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.08 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.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion during 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%. 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 declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.59%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Barclays restated an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research note on Tuesday, June 17th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $222.50.
Get Our Latest Stock Analysis on Taiwan Semiconductor Manufacturing
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
Before you consider Taiwan Semiconductor Manufacturing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Taiwan Semiconductor Manufacturing wasn't on the list.
While Taiwan Semiconductor Manufacturing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
