Vise Technologies Inc. Acquires 9,941 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Vise Technologies Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSMFree Report) by 12.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 88,731 shares of the semiconductor company’s stock after buying an additional 9,941 shares during the period. Vise Technologies Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $26,965,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TSM. Daiwa Securities Group Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 23.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 120,304 shares of the semiconductor company’s stock valued at $36,560,000 after acquiring an additional 22,893 shares during the period. Sittner & Nelson LLC grew its holdings in Taiwan Semiconductor Manufacturing by 54.8% in the fourth quarter. Sittner & Nelson LLC now owns 828 shares of the semiconductor company’s stock worth $252,000 after purchasing an additional 293 shares during the period. Verus Capital Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing by 5.3% in the fourth quarter. Verus Capital Partners LLC now owns 7,462 shares of the semiconductor company’s stock worth $2,268,000 after purchasing an additional 375 shares during the period. Avalon Capital Management increased its stake in Taiwan Semiconductor Manufacturing by 27.4% in the fourth quarter. Avalon Capital Management now owns 3,319 shares of the semiconductor company’s stock valued at $1,009,000 after purchasing an additional 714 shares in the last quarter. Finally, Intellectus Partners LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $204,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.8%

Shares of NYSE TSM opened at $444.56 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.49 and a quick ratio of 2.31. The company has a 50-day moving average price of $386.53 and a 200-day moving average price of $347.24. The stock has a market capitalization of $2.31 trillion, a P/E ratio of 36.99, a P/E/G ratio of 1.27 and a beta of 1.38. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $202.28 and a 1 year high of $450.16.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last posted its earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 46.97% and a return on equity of 36.81%. The company had revenue of $30.65 billion for the quarter. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.28 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be paid a $1.1136 dividend. This represents a $4.45 annualized dividend and a dividend yield of 1.0%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Wednesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 25.04%.

Trending Headlines about Taiwan Semiconductor Manufacturing

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Insider Buying and Selling

In related news, VP Tzu-Sou Chuang sold 200,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $69.83, for a total transaction of $13,966,000.00. Following the transaction, the vice president owned 2,495,165 shares of the company’s stock, valued at $174,237,371.95. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Bor-Zen Tien purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of $69.91 per share, with a total value of $139,820.00. Following the acquisition, the vice president directly owned 11,051 shares of the company’s stock, valued at $772,575.41. This represents a 22.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 3,346 shares of company stock worth $218,005 in the last 90 days. Corporate insiders own 1.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TSM shares. DA Davidson reissued a “buy” rating and set a $450.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 17th. Zacks Research lowered Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $450.00 to $470.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings upgraded Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $404.29.

Get Our Latest Stock Analysis on TSM

About Taiwan Semiconductor Manufacturing

(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.

Further Reading

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

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