Sfmg LLC Takes Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Sfmg LLC has acquired a new stake in Taiwan Semiconductor Manufacturing Company, purchasing 1,232 shares valued at approximately $204,000.
• Several other institutional investors have also increased their holdings in Taiwan Semiconductor, indicating strong interest in the company amidst its recent positive earnings results and stock performance.
• The company's stock has shown volatility, with a one-year low of $133.57 and a high of $248.28, with analysts forecasting an earnings per share (EPS) of 9.2 for the current fiscal year.

Sfmg LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,232 shares of the semiconductor company's stock, valued at approximately $204,000.

A number of other institutional investors have also recently bought and sold shares of TSM. DekaBank Deutsche Girozentrale raised its stake in Taiwan Semiconductor Manufacturing by 0.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock worth $214,442,000 after acquiring an additional 11,693 shares in the last quarter. Pinnacle Investment Management Ltd bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $26,661,000. Sentry LLC bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $222,000. Compound Global Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 31.2% in the first quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock valued at $747,000 after buying an additional 1,141 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Taiwan Semiconductor Manufacturing by 38.3% during the fourth quarter. Bank of Montreal Can now owns 871,742 shares of the semiconductor company's stock worth $172,160,000 after buying an additional 241,414 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 0.5%

NYSE TSM traded down $1.21 on Wednesday, reaching $231.26. The company had a trading volume of 9,043,067 shares, compared to its average volume of 12,152,079. The firm has a market cap of $1.20 trillion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.12 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. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $248.28. The business has a 50 day moving average of $223.83 and a two-hundred day moving average of $196.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The business's quarterly revenue was up 44.4% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is 29.65%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TSM shares. Barclays reiterated an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Company 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.