Migdal Insurance & Financial Holdings Ltd. Boosts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 723,451 shares of the semiconductor company’s stock after purchasing an additional 4,569 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.5% of Migdal Insurance & Financial Holdings Ltd.’s investment portfolio, making the stock its 17th largest position. Migdal Insurance & Financial Holdings Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $75,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TSM. Financial Gravity Asset Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 211 shares in the last quarter. MBM Wealth Consultants LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $27,000. PCA Investment Advisory Services Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. First Financial Corp IN bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at about $31,000. Finally, Farmers & Merchants Investments Inc. bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $31,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TSM shares. Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $147.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded down $0.67 on Wednesday, reaching $139.13. 12,451,561 shares of the company’s stock were exchanged, compared to its average volume of 15,301,020. The stock has a fifty day moving average of $136.36 and a 200-day moving average of $112.42. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $81.21 and a twelve month high of $158.40. The firm has a market cap of $721.59 billion, a PE ratio of 26.99, a P/E/G ratio of 1.07 and a beta of 1.15. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.20%.

Taiwan Semiconductor Manufacturing Company Profile

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.