Cooper Financial Group Purchases Shares of 2,483 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cooper Financial Group purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,483 shares of the semiconductor company’s stock, valued at approximately $258,000.

Other large investors also recently bought and sold shares of the company. Morgan Stanley increased its position in shares of Taiwan Semiconductor Manufacturing by 27.7% in the fourth quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock valued at $2,421,936,000 after buying an additional 7,045,899 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Taiwan Semiconductor Manufacturing by 2.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock worth $2,328,426,000 after purchasing an additional 666,826 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 29.6% during the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after purchasing an additional 3,381,514 shares in the last quarter. BlackRock Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 24.5% during the first quarter. BlackRock Inc. now owns 12,047,759 shares of the semiconductor company’s stock worth $1,120,683,000 after purchasing an additional 2,373,242 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 3.1% during the third quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock worth $1,023,240,000 after purchasing an additional 355,609 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $140.54 on Monday. The stock’s 50-day moving average is $126.90 and its two-hundred day moving average is $106.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40. The company has a market cap of $728.90 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last released its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.19 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.25%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.78%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TSM shares. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, December 8th. Needham & Company LLC upped their price target on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, February 13th. Finally, TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $128.25.

View Our Latest Analysis on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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