Johnson Financial Group LLC Takes Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)
Johnson Financial Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the 1st quarter, purchasing 2,129 shares valued at approximately $353,000. Other institutional investors also adjusted their positions, with notable increases from Benjamin Edwards Inc. and Connor Clark & Lunn Investment Management Ltd. Analysts have given TSM an average rating of "Moderate Buy" with a consensus price target of $258.33. The stock recently reported earnings of $2.47 per share, exceeding estimates, and announced a quarterly dividend of $0.6499.
Johnson Financial Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,129 shares of the semiconductor company's stock, valued at approximately $353,000.
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Several other hedge funds and other institutional investors have also made changes to their positions in the business. Benjamin Edwards Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.5% during the 1st quarter. Benjamin Edwards Inc. now owns 17,962 shares of the semiconductor company's stock valued at $2,982,000 after acquiring an additional 265 shares in the last quarter. Koss Olinger Consulting LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth $1,609,000. Lcnb Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 8.2% in the 1st quarter. Lcnb Corp now owns 1,573 shares of the semiconductor company's stock worth $261,000 after buying an additional 119 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Taiwan Semiconductor Manufacturing by 60.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 528,878 shares of the semiconductor company's stock worth $87,794,000 after buying an additional 199,555 shares in the last quarter. Finally, Riverpark Capital Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 26.1% in the 1st quarter. Riverpark Capital Management LLC now owns 5,889 shares of the semiconductor company's stock worth $978,000 after buying an additional 1,220 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on TSM shares. Barclays reissued an "overweight" rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Needham & Company LLC reissued a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $258.33.
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View Our Latest Stock Analysis on TSM
Taiwan Semiconductor Manufacturing Stock Down 0.3%
Shares of NYSE:TSM opened at $241.91 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.15 and a current ratio of 2.37. The company has a market cap of $1.25 trillion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $248.28. The firm has a 50 day simple moving average of $226.40 and a 200 day simple moving average of $196.91.
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Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The company had revenue of $30.07 billion during the quarter, compared to the consensus estimate of $28.50 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The company's revenue was up 44.4% compared to the same quarter last year. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 28.16%.
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 a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.
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