MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $131.02 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

by · The Cerbat Gem

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 578,359 shares of the semiconductor company’s stock after acquiring an additional 8,302 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $131,018,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Taiwan Semiconductor Manufacturing by 268.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,499,677 shares of the semiconductor company’s stock worth $566,152,000 after purchasing an additional 1,820,852 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in Taiwan Semiconductor Manufacturing by 13.3% during the second quarter. Diversify Advisory Services LLC now owns 132,915 shares of the semiconductor company’s stock worth $32,470,000 after buying an additional 15,561 shares during the last quarter. Alliancebernstein L.P. raised its position in Taiwan Semiconductor Manufacturing by 18.0% during the second quarter. Alliancebernstein L.P. now owns 10,457,800 shares of the semiconductor company’s stock worth $2,368,587,000 after acquiring an additional 1,593,786 shares in the last quarter. Seven Mile Advisory lifted its stake in Taiwan Semiconductor Manufacturing by 2.3% in the second quarter. Seven Mile Advisory now owns 2,304 shares of the semiconductor company’s stock valued at $522,000 after acquiring an additional 52 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its position in shares of Taiwan Semiconductor Manufacturing by 8.6% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 26,979 shares of the semiconductor company’s stock valued at $6,111,000 after acquiring an additional 2,144 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $305.02 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47. The business has a fifty day simple moving average of $293.66 and a 200 day simple moving average of $255.65. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $313.98. The company has a market capitalization of $1.58 trillion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 1.07 and a beta of 1.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted its earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The company had revenue of $32.36 billion during the quarter, compared to the consensus estimate of $951.89 billion. During the same quarter last year, the firm earned $1.94 earnings per share. The company’s revenue was up 40.1% on a year-over-year basis. Research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.9678 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.3%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 26.67%.

Analyst Ratings Changes

TSM has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Sanford C. Bernstein boosted their target price on Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a report on Sunday. Itau BBA Securities assumed coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an “outperform” rating for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 27th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $355.00.

Read Our Latest Stock Report on Taiwan Semiconductor Manufacturing

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 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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