Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stake Boosted by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 84.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 875,756 shares of the semiconductor company’s stock after purchasing an additional 400,000 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 2.5% of Migdal Insurance & Financial Holdings Ltd.’s investment portfolio, making the stock its 13th largest holding. Migdal Insurance & Financial Holdings Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $173,490,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TSM. Telligent Fund LP acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $2,962,000. Strategic Financial Concepts LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $40,889,000. Leo Wealth LLC grew its holdings in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. Leo Wealth LLC now owns 3,115 shares of the semiconductor company’s stock worth $615,000 after acquiring an additional 56 shares during the period. Iron Horse Wealth Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 236.1% during the fourth quarter. Iron Horse Wealth Management LLC now owns 279 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 196 shares during the period. Finally, Argus Investors Counsel Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 10.5% during the fourth quarter. Argus Investors Counsel Inc. now owns 2,344 shares of the semiconductor company’s stock worth $463,000 after acquiring an additional 223 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 0.9 %

Shares of NYSE TSM opened at $210.40 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $120.00 and a one year high of $226.40. The firm has a market capitalization of $1.09 trillion, a PE ratio of 29.89, a PEG ratio of 0.69 and a beta of 1.06. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $203.69 and a two-hundred day moving average price of $187.05.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.04%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

About Taiwan Semiconductor Manufacturing

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.