Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Gold Investment Management Ltd.’s 5th Largest Position

Gold Investment Management Ltd. reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 46,697 shares of the semiconductor company’s stock after selling 4,136 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 2.6% of Gold Investment Management Ltd.’s portfolio, making the stock its 5th largest holding. Gold Investment Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $6,353,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Johnson Financial Group Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $25,000. Financial Gravity Asset Management Inc. raised its position in 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 worth $27,000 after acquiring an additional 211 shares during the period. LifeSteps Financial Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $27,000. North Star Investment Management Corp. raised its holdings in Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 181 shares during the period. Finally, Sachetta LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $29,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 3.5 %

Shares of NYSE:TSM traded up $6.49 during trading on Wednesday, hitting $191.01. 19,253,915 shares of the company were exchanged, compared to its average volume of 15,117,953. The firm’s 50 day moving average price is $163.30 and its 200-day moving average price is $139.30. The stock has a market capitalization of $990.66 billion, a P/E ratio of 36.38, a PEG ratio of 1.28 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $192.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.29 by $0.09. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TSM shares. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 17th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.60.

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 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.