Altshuler Shaham Ltd Increases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Altshuler Shaham Ltd lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,972 shares of the semiconductor company’s stock after buying an additional 1,562 shares during the period. Altshuler Shaham Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $1,907,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TSM. Certified Advisory Corp acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth about $256,000. Edge Capital Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 1.7% in the second quarter. Edge Capital Group LLC now owns 55,322 shares of the semiconductor company’s stock worth $9,616,000 after acquiring an additional 926 shares during the period. Fairscale Capital LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $32,000. Deepwater Asset Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 597.5% during the 2nd quarter. Deepwater Asset Management LLC now owns 84,922 shares of the semiconductor company’s stock valued at $14,760,000 after acquiring an additional 72,747 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in shares of Taiwan Semiconductor Manufacturing by 1,226.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company’s stock valued at $344,809,000 after purchasing an additional 1,834,298 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TSM. Susquehanna reissued a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Sanford C. Bernstein boosted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Finally, Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $174.08 on Monday. The company has a fifty day simple moving average of $167.03 and a 200-day simple moving average of $158.12. The firm has a market capitalization of $902.85 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 0.99 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter in the prior year, the company earned $1.14 EPS. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% compared to the same quarter last year. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.12%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 36.95%.

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.