Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Bought by J.Safra Asset Management Corp

by · The Cerbat Gem

J.Safra Asset Management Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 17.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,538 shares of the semiconductor company’s stock after acquiring an additional 685 shares during the period. J.Safra Asset Management Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $753,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSM. Red Door Wealth Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 42.9% during the 1st quarter. Red Door Wealth Management LLC now owns 7,419 shares of the semiconductor company’s stock worth $1,232,000 after acquiring an additional 2,229 shares in the last quarter. Spinnaker Trust raised its stake in Taiwan Semiconductor Manufacturing by 1,237.5% in the 1st quarter. Spinnaker Trust now owns 30,375 shares of the semiconductor company’s stock valued at $5,042,000 after purchasing an additional 28,104 shares during the last quarter. Arbor Investment Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 13.2% during the first quarter. Arbor Investment Advisors LLC now owns 1,271 shares of the semiconductor company’s stock valued at $211,000 after buying an additional 148 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% during the 1st quarter. Valley National Advisers Inc. now owns 24,708 shares of the semiconductor company’s stock worth $4,100,000 after purchasing an additional 283 shares during the period. Finally, New Wave Wealth Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 8.9% during the 1st quarter. New Wave Wealth Advisors LLC now owns 4,409 shares of the semiconductor company’s stock valued at $732,000 after acquiring an additional 359 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $228.47 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $228.88. The firm has a market capitalization of $1.18 trillion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The business has a 50 day simple moving average of $192.99 and a 200 day simple moving average of $190.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The company had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.14%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.59%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays reissued an “overweight” rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a research note on Tuesday, June 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $222.50.

Check Out Our Latest Report on Taiwan Semiconductor Manufacturing

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.

See Also

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