First Personal Financial Services Has $6.49 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

by · The Markets Daily

First Personal Financial Services decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,362 shares of the semiconductor company’s stock after selling 682 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 1.6% of First Personal Financial Services’ holdings, making the stock its 26th biggest position. First Personal Financial Services’ holdings in Taiwan Semiconductor Manufacturing were worth $6,486,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Morgan Stanley boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 27.7% during the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after buying an additional 7,045,899 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 108,945.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock worth $407,603,000 after buying an additional 5,466,898 shares during the period. PineStone Asset Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 330.5% during the 3rd quarter. PineStone Asset Management Inc. now owns 4,802,924 shares of the semiconductor company’s stock worth $417,374,000 after buying an additional 3,687,249 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 29.6% during the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after buying an additional 3,381,514 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 24.5% during the 1st quarter. BlackRock Inc. now owns 12,047,759 shares of the semiconductor company’s stock worth $1,120,683,000 after buying an additional 2,373,242 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the subject of several recent analyst reports. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a report on Friday, January 12th. Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Check Out Our Latest Research Report on TSM

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $142.56 on Friday. The company has a 50-day moving average of $135.52 and a 200-day moving average of $111.30. The company has a market capitalization of $739.37 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 1.13 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The company had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 33.20%.

About Taiwan Semiconductor Manufacturing

(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.

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