Taiwan Semiconductor Manufacturing (NYSE:TSM) SVP Shu-Hua Fang Purchases 2,000 Shares of Stock

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSMGet Free Report) SVP Shu-Hua Fang bought 2,000 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was bought at an average cost of $77.09 per share, with a total value of $154,180.00. Following the transaction, the senior vice president directly owned 8,206 shares in the company, valued at approximately $632,600.54. The trade was a 32.23% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shu-Hua Fang also recently made the following trade(s):

  • On Friday, August 7th, Shu-Hua Fang purchased 57 shares of Taiwan Semiconductor Manufacturing stock. The stock was purchased at an average price of $73.31 per share, with a total value of $4,178.67.
  • On Tuesday, July 7th, Shu-Hua Fang acquired 54 shares of Taiwan Semiconductor Manufacturing stock. The stock was purchased at an average cost of $76.62 per share, with a total value of $4,137.48.

Taiwan Semiconductor Manufacturing Trading Up 0.4%

NYSE:TSM opened at $417.08 on Friday. The company has a market cap of $2.16 trillion, a PE ratio of 30.09, a P/E/G ratio of 0.95 and a beta of 1.39. The business’s 50 day moving average is $420.70 and its two-hundred day moving average is $397.74. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $230.30 and a 52 week high of $479.00.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 39.25% and a net margin of 50.31%.The business had revenue of $39.89 billion during the quarter. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be issued a dividend of $1.0854 per share. This represents a $4.34 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, December 10th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 21.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cedar Mountain Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 88.2% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company’s stock worth $31,000 after buying an additional 30 shares in the last quarter. Markowski Investments bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $33,000. Quattro Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $27,000. Finally, Evolution Wealth Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 257.7% in the first quarter. Evolution Wealth Management Inc. now owns 93 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 67 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TSM. Weiss Ratings raised shares of Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a “hold” rating in a report on Friday, July 17th. DA Davidson increased their price target on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $523.22.

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About Taiwan Semiconductor Manufacturing

(Get Free Report)

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

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