Harber Asset Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 155,031 shares of the semiconductor company’s stock, valued at approximately $14,421,000. Taiwan Semiconductor Manufacturing accounts for approximately 3.9% of Harber Asset Management LLC’s investment portfolio, making the stock its 9th largest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its position in Taiwan Semiconductor Manufacturing by 9,912.6% in the 1st quarter. Macquarie Group Ltd. now owns 78,769,354 shares of the semiconductor company’s stock valued at $7,327,125,000 after buying an additional 77,982,655 shares during the last quarter. FMR LLC boosted its position in Taiwan Semiconductor Manufacturing by 50.8% in the 1st quarter. FMR LLC now owns 41,902,774 shares of the semiconductor company’s stock valued at $3,897,796,000 after buying an additional 14,122,168 shares during the last quarter. Morgan Stanley raised its stake in shares of Taiwan Semiconductor Manufacturing by 27.7% in the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock valued at $2,421,936,000 after purchasing an additional 7,045,899 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 1st quarter. Fisher Asset Management LLC now owns 25,228,676 shares of the semiconductor company’s stock valued at $2,346,771,000 after purchasing an additional 810,901 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.1% in the 1st quarter. Fiera Capital Corp now owns 15,419,976 shares of the semiconductor company’s stock valued at $1,434,366,000 after purchasing an additional 173,053 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on TSM. Needham & Company LLC cut their target price on shares of Taiwan Semiconductor Manufacturing from $118.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Finally, Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $128.00 to $135.00 and gave the company a “positive” rating in a research note on Friday, July 14th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $108.33.
Taiwan Semiconductor Manufacturing Price Performance
TSM opened at $89.60 on Tuesday. The firm has a market cap of $464.70 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 3.13 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $59.43 and a fifty-two week high of $110.69. The company’s 50-day moving average price is $96.47 and its 200 day moving average price is $93.91. The company has a quick ratio of 2.13, a current ratio of 2.42 and a debt-to-equity ratio of 0.29.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.52 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.31% and a return on equity of 32.08%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.82 earnings per share for the current year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 15th will be paid a $0.4724 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.89 annualized dividend and a dividend yield of 2.11%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 22.94%.
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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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