Bor-Zen Tien Buys 2,000 Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSMGet Free Report) VP Bor-Zen Tien acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of $69.91 per share, for a total transaction of $139,820.00. Following the purchase, the vice president directly owned 11,051 shares of the company’s stock, valued at approximately $772,575.41. This trade represents a 22.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bor-Zen Tien also recently made the following trade(s):

  • On Sunday, March 22nd, Bor-Zen Tien acquired 1,000 shares of Taiwan Semiconductor Manufacturing stock. The shares were purchased at an average price of $55.93 per share, for a total transaction of $55,930.00.

Taiwan Semiconductor Manufacturing Stock Up 2.3%

Shares of TSM stock opened at $401.82 on Thursday. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.15 and a beta of 1.39. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $190.03 and a one year high of $421.97. The company’s fifty day moving average price is $368.37 and its 200-day moving average price is $337.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.49 and a quick ratio of 2.32.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $3.11 EPS for the quarter. The firm had revenue of $30.65 billion for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 46.97% and a return on equity of 36.81%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.28 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be paid a dividend of $1.1136 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.45 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 24.71%.

Analysts Set New Price Targets

Several analysts recently issued reports on TSM shares. Weiss Ratings raised Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Zacks Research downgraded Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Wedbush reiterated an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, February 11th. Finally, Needham & Company LLC lifted their price target on shares of Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $404.29.

Check Out Our Latest Analysis on TSM

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Several large investors have recently modified their holdings of the stock. Liontrust Investment Partners LLP increased its position in shares of Taiwan Semiconductor Manufacturing by 221.2% during the 1st quarter. Liontrust Investment Partners LLP now owns 520,558 shares of the semiconductor company’s stock valued at $175,923,000 after purchasing an additional 358,494 shares during the last quarter. Hobbs Group Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 13.6% during the 1st quarter. Hobbs Group Advisors LLC now owns 5,741 shares of the semiconductor company’s stock valued at $1,940,000 after purchasing an additional 688 shares during the last quarter. Union Heritage Capital LLC grew its holdings in Taiwan Semiconductor Manufacturing by 117.2% during the 1st quarter. Union Heritage Capital LLC now owns 29,100 shares of the semiconductor company’s stock valued at $9,834,000 after purchasing an additional 15,700 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in Taiwan Semiconductor Manufacturing by 0.8% during the 1st quarter. SOA Wealth Advisors LLC. now owns 31,207 shares of the semiconductor company’s stock valued at $10,546,000 after purchasing an additional 239 shares during the last quarter. Finally, TrueWealth Financial Partners bought a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $655,000. Institutional investors own 16.51% of the company’s stock.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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Taiwan Semiconductor Manufacturing Company Profile

(Get Free Report)

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

Further Reading

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