Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Stake Raised by Morse Asset Management Inc

Morse Asset Management Inc boosted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,588 shares of the semiconductor company's stock after acquiring an additional 3,837 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 1.2% of Morse Asset Management Inc's investment portfolio, making the stock its 29th biggest holding. Morse Asset Management Inc's holdings in Taiwan Semiconductor Manufacturing were worth $4,580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its holdings in Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock worth $214,442,000 after buying an additional 11,693 shares during the period. Guardian Partners Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $9,222,000. Pinnacle Investment Management Ltd acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $26,661,000. Sentry LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth about $222,000. Finally, Compound Global Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 31.2% during the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock worth $747,000 after buying an additional 1,141 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $240.40 on Friday. The stock has a market cap of $1.25 trillion, a P/E ratio of 27.41, a PEG ratio of 1.29 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $248.28. The company has a fifty day moving average price of $212.72 and a 200 day moving average price of $193.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. The business had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. Taiwan Semiconductor Manufacturing's revenue was up 44.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share 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 paid a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.08%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 28.16%.

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.

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