Flagship Capital Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 13,494 shares of the semiconductor company’s stock, valued at approximately $4,101,000. Taiwan Semiconductor Manufacturing comprises about 2.9% of Flagship Capital Management Inc.’s portfolio, making the stock its 12th largest position.
Several other institutional investors also recently bought and sold shares of the business. Intergy Private Wealth LLC raised its holdings in Taiwan Semiconductor Manufacturing by 3.1% in the 4th quarter. Intergy Private Wealth LLC now owns 1,896 shares of the semiconductor company’s stock valued at $576,000 after acquiring an additional 57 shares during the last quarter. Roffman Miller Associates Inc. PA raised its holdings in Taiwan Semiconductor Manufacturing by 37.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 35,133 shares of the semiconductor company’s stock valued at $10,677,000 after acquiring an additional 9,622 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in Taiwan Semiconductor Manufacturing by 30.8% in the 4th quarter. Fiduciary Alliance LLC now owns 32,472 shares of the semiconductor company’s stock valued at $9,868,000 after acquiring an additional 7,641 shares during the last quarter. Maseco LLP acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $35,000. Finally, Personal CFO Solutions LLC raised its holdings in Taiwan Semiconductor Manufacturing by 2.7% in the 4th quarter. Personal CFO Solutions LLC now owns 16,255 shares of the semiconductor company’s stock valued at $4,940,000 after acquiring an additional 432 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing News Roundup
Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:
Taiwan Semiconductor Manufacturing Stock Down 0.2%
Shares of NYSE TSM opened at $365.15 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $145.84 and a 52-week high of $390.20. The firm has a fifty day moving average of $350.44 and a 200-day moving average of $317.71. The stock has a market capitalization of $1.89 trillion, a PE ratio of 34.29, a P/E/G ratio of 1.00 and a beta of 1.35. The company has a quick ratio of 2.42, a current ratio of 2.62 and a debt-to-equity ratio of 0.17.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 34.89%. The company had revenue of $30.65 billion during the quarter. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be given a dividend of $0.9503 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.89%.
Insiders Place Their Bets
In other Taiwan Semiconductor Manufacturing news, VP Bor-Zen Tien purchased 1,000 shares of the firm’s stock in a transaction that occurred on Sunday, March 22nd. The stock was purchased at an average cost of $55.93 per share, with a total value of $55,930.00. Following the transaction, the vice president owned 9,051 shares in the company, valued at approximately $506,222.43. This trade represents a 12.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.11% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Weiss Ratings upgraded Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, January 16th. DA Davidson raised shares of Taiwan Semiconductor Manufacturing to a “strong-buy” rating in a research note on Friday, February 13th. Dbs Bank raised shares of Taiwan Semiconductor Manufacturing to a “moderate buy” rating in a research note on Friday, January 23rd. Finally, Needham & Company LLC boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $391.43.
Read Our Latest Stock Report on TSM
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.
TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.
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