ARK Investment Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 144,738 shares of the semiconductor company’s stock, valued at approximately $14,607,000.
Several other institutional investors have also modified their holdings of TSM. MBM Wealth Consultants LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $27,000. Armstrong Advisory Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $31,000. Key Financial Inc increased its stake in Taiwan Semiconductor Manufacturing by 666.7% in the first quarter. Key Financial Inc now owns 345 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. America First Investment Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at $33,000. Finally, Bogart Wealth LLC increased its stake in Taiwan Semiconductor Manufacturing by 71.4% in the first quarter. Bogart Wealth LLC now owns 365 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 152 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
TSM has been the topic of several analyst reports. Susquehanna lifted their target price on shares of Taiwan Semiconductor Manufacturing from $128.00 to $135.00 and gave the company a “positive” rating in a report on Friday, July 14th. Needham & Company LLC decreased their price objective on shares of Taiwan Semiconductor Manufacturing from $118.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Six 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 Stock Performance
NYSE:TSM opened at $89.25 on Friday. The firm has a 50 day simple moving average of $95.87 and a 200-day simple moving average of $93.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.42 and a quick ratio of 2.13. The firm has a market cap of $462.89 billion, a PE ratio of 14.73, a P/E/G ratio of 3.18 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $59.43 and a 1-year high of $110.69.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $15.68 billion during 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%. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.82 EPS for the current year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 15th will be given a dividend of $0.4724 per share. This represents a $1.89 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, December 14th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 24.59%.
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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