ProCore Advisors LLC Invests $641,000 in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• ProCore Advisors bought a new position of 2,109 TSM shares in Q4, valued at roughly $641,000.
• VP Bor‑Zen Tien purchased 1,000 shares on March 22 at an average price of $55.93, bringing insider ownership to about 1.11%.
• Analysts remain bullish: the consensus rating is "Buy" with a $391.43 target (Barclays raised its target to $450), and TSMC reported Q4 EPS of $3.11 on $30.65B revenue with a $1.79 trillion market cap.

ProCore Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,109 shares of the semiconductor company's stock, valued at approximately $641,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Petra Financial Advisors Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 16.3% in the 4th quarter. Petra Financial Advisors Inc. now owns 4,742 shares of the semiconductor company's stock worth $1,441,000 after buying an additional 666 shares during the period. Perfromance Wealth Partners LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 6.7% in the 4th quarter. Perfromance Wealth Partners LLC now owns 2,459 shares of the semiconductor company's stock worth $747,000 after buying an additional 155 shares during the period. Cane Capital Partners LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $4,059,000. Hunter Associates Investment Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 5.1% in the 4th quarter. Hunter Associates Investment Management LLC now owns 1,287 shares of the semiconductor company's stock worth $391,000 after buying an additional 63 shares during the period. Finally, Pacific Point Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 2.4% in the 4th quarter. Pacific Point Advisors LLC now owns 9,343 shares of the semiconductor company's stock worth $2,839,000 after buying an additional 221 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Bor-Zen Tien bought 1,000 shares of the firm's stock in a transaction on Sunday, March 22nd. The stock was acquired at an average price of $55.93 per share, with a total value of $55,930.00. Following the transaction, the vice president owned 9,051 shares in the company, valued at $506,222.43. This represents a 12.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.11% of the stock is currently owned by insiders.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $344.62 on Wednesday. The stock has a market cap of $1.79 trillion, a price-to-earnings ratio of 32.36, a PEG ratio of 0.93 and a beta of 1.35. The firm's 50-day moving average is $349.46 and its 200 day moving average is $317.04. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $137.90 and a 1 year high of $390.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.62 and a quick ratio of 2.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. The company had revenue of $30.65 billion for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 34.89%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be paid a $0.9503 dividend. The ex-dividend date is Thursday, June 11th. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is presently 28.17%.

Analysts Set New Price Targets

TSM has been the topic of a number of recent research reports. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $380.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, January 16th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, January 2nd. Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Sunday, March 22nd. The Goldman Sachs Group reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, January 5th. Finally, Argus upgraded shares of Taiwan Semiconductor Manufacturing to a "strong-buy" rating in a research note on Thursday, January 15th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $391.43.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC's service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

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