GVO Asset Management Ltd increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 25.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 46,800 shares of the semiconductor company’s stock after buying an additional 9,500 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 3.6% of GVO Asset Management Ltd’s holdings, making the stock its 10th biggest position. GVO Asset Management Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $5,103,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $26,000. Prospera Financial Services Inc acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter worth $28,000. Moser Wealth Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter worth $29,000. Firestone Capital Management increased its position in Taiwan Semiconductor Manufacturing by 322.6% during the third quarter. Firestone Capital Management now owns 393 shares of the semiconductor company’s stock worth $32,000 after buying an additional 300 shares in the last quarter. Finally, Pflug Koory LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 18.27% of the company’s stock.
TSM has been the subject of a number of research reports. Susquehanna reissued a “sell” rating and set a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, January 26th. Susquehanna Bancshares restated a “sell” rating and set a $74.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, January 26th. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Thursday, January 7th. Finally, Sanford C. Bernstein upgraded Taiwan Semiconductor Manufacturing from a “market perform” rating to an “outperform” rating and set a $149.00 price target on the stock in a research note on Tuesday, January 12th. Two equities research analysts have rated the stock with a sell rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $105.75.
TSM stock traded down $3.49 on Tuesday, reaching $130.08. The company’s stock had a trading volume of 310,796 shares, compared to its average volume of 14,028,529. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $42.70 and a 52 week high of $142.20. The company has a market capitalization of $674.61 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99. The firm has a fifty day moving average of $127.81 and a two-hundred day moving average of $99.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.75 and a quick ratio of 1.56.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 14th. The semiconductor company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. Taiwan Semiconductor Manufacturing had a return on equity of 28.73% and a net margin of 37.94%. The business had revenue of $12.68 billion during the quarter, compared to analyst estimates of $12.90 billion. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Friday, June 18th will be issued a $0.3527 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, June 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 41.59%.
Taiwan Semiconductor Manufacturing Profile
Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.
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