Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Takes Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the first quarter, HoldingsChannel reports. The firm purchased 36,000 shares of the semiconductor company’s stock, valued at approximately $5,976,000. Taiwan Semiconductor Manufacturing comprises about 1.0% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of TSM. Heritage Wealth Advisors raised its stake in shares of Taiwan Semiconductor Manufacturing by 20.0% during the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 50 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.2% during the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company’s stock valued at $244,000 after purchasing an additional 50 shares in the last quarter. Formidable Asset Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 50 shares in the last quarter. Connecticut Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company’s stock worth $1,465,000 after acquiring an additional 55 shares during the period. Finally, WealthCollab LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 6.7% in the fourth quarter. WealthCollab LLC now owns 891 shares of the semiconductor company’s stock worth $176,000 after acquiring an additional 56 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $242.85 on Friday. The stock’s 50-day simple moving average is $211.45 and its 200-day simple moving average is $193.43. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $248.28. The company has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 31.18, a PEG ratio of 1.28 and a beta of 1.29. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The firm had revenue of $30.07 billion for 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 company’s quarterly revenue was up 44.4% on a year-over-year basis. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.07%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Susquehanna set a $265.00 target price on Taiwan Semiconductor Manufacturing and gave the stock a “positive” rating in a report on Monday. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC reissued a “buy” rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Finally, Barclays reiterated an “overweight” rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $236.25.

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.