Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stake Lifted by BIT Capital GmbH

BIT Capital GmbH grew its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 24.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 378,179 shares of the semiconductor company’s stock after purchasing an additional 74,695 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 3.6% of BIT Capital GmbH’s investment portfolio, making the stock its 8th biggest position. BIT Capital GmbH’s holdings in Taiwan Semiconductor Manufacturing were worth $105,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of TSM. Y.D. More Investments Ltd boosted its holdings in Taiwan Semiconductor Manufacturing by 17.9% in the 3rd quarter. Y.D. More Investments Ltd now owns 133,817 shares of the semiconductor company’s stock worth $37,372,000 after acquiring an additional 20,359 shares during the period. Factory Mutual Insurance Co. lifted its position in shares of Taiwan Semiconductor Manufacturing by 39.7% during the third quarter. Factory Mutual Insurance Co. now owns 288,325 shares of the semiconductor company’s stock worth $80,526,000 after purchasing an additional 81,905 shares in the last quarter. Value Star Asset Management Hong Kong Ltd lifted its position in shares of Taiwan Semiconductor Manufacturing by 100.0% during the third quarter. Value Star Asset Management Hong Kong Ltd now owns 30,000 shares of the semiconductor company’s stock worth $8,379,000 after purchasing an additional 15,000 shares in the last quarter. Wealth Alliance LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.5% in the third quarter. Wealth Alliance LLC now owns 17,538 shares of the semiconductor company’s stock valued at $4,898,000 after purchasing an additional 252 shares during the period. Finally, King Luther Capital Management Corp grew its holdings in Taiwan Semiconductor Manufacturing by 7.6% during the 3rd quarter. King Luther Capital Management Corp now owns 6,220 shares of the semiconductor company’s stock valued at $1,737,000 after purchasing an additional 438 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TSM shares. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Dbs Bank raised Taiwan Semiconductor Manufacturing to a “moderate buy” rating in a report on Friday, January 23rd. Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, January 9th. Finally, Argus upgraded Taiwan Semiconductor Manufacturing to a “strong-buy” rating in a research note on Thursday, January 15th. Four analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Buy” and a consensus target price of $391.43.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $360.48 on Friday. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.87 trillion, a P/E ratio of 33.85, a P/E/G ratio of 1.01 and a beta of 1.31. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $380.00. The stock’s 50 day simple moving average is $326.45 and its 200 day simple moving average is $291.85.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Friday, November 14th. The semiconductor company reported $14.32 EPS for the quarter. The firm had revenue of $32.50 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 36.18%. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be issued a $0.9503 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 23.57%.

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.