S Harris Financial Group LLC Invests $553,000 in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

S Harris Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSMFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,821 shares of the semiconductor company’s stock, valued at approximately $553,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EJMK Ventures LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $1,011,000. WMS Group LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $3,322,000. NWF Advisory Services Inc. boosted its position in Taiwan Semiconductor Manufacturing by 7.1% in the fourth quarter. NWF Advisory Services Inc. now owns 6,600 shares of the semiconductor company’s stock valued at $2,006,000 after buying an additional 440 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Taiwan Semiconductor Manufacturing by 497.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,491 shares of the semiconductor company’s stock worth $2,884,000 after buying an additional 7,902 shares during the last quarter. Finally, CFO Capital Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $935,000. 16.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan purchased 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were bought at an average price of $75.26 per share, with a total value of $75,260.00. Following the completion of the transaction, the vice president directly owned 4,000 shares in the company, valued at $301,040. This trade represents a 33.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bor-Zen Tien bought 2,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $69.91 per share, for a total transaction of $139,820.00. Following the completion of the acquisition, the vice president directly owned 11,051 shares in the company, valued at approximately $772,575.41. This trade represents a 22.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 4,496 shares of company stock worth $304,667 over the last ninety days. 1.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TSM shares. Zacks Research cut shares of 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 report on Sunday, March 22nd. Needham & Company LLC increased their price target on Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. DA Davidson reaffirmed a “buy” rating and set a $450.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 17th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $450.00 to $470.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $404.29.

View Our Latest Stock Report on TSM

Taiwan Semiconductor Manufacturing Stock Up 0.1%

Shares of NYSE:TSM opened at $462.80 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.49 and a quick ratio of 2.31. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 38.50, a P/E/G ratio of 1.35 and a beta of 1.38. The company has a 50 day moving average of $406.96 and a 200-day moving average of $358.16. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $206.20 and a one year high of $465.22.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 46.97% and a return on equity of 36.81%. The firm had revenue of $30.65 billion for the quarter. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.3 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a $1.1136 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. This represents a $4.45 dividend on an annualized basis and a yield of 1.0%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 29.20%.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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Taiwan Semiconductor Manufacturing Profile

(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.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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