Taiwan Semiconductor Manufacturing (NYSE:TSM) CEO Acquires $11,491.20 in Stock

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSMGet Free Report) CEO Che-Chia Wei purchased 160 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of $71.82 per share, for a total transaction of $11,491.20. Following the completion of the transaction, the chief executive officer directly owned 17,539 shares of the company’s stock, valued at $1,259,650.98. This represents a 0.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Che-Chia Wei also recently made the following trade(s):

  • On Thursday, April 9th, Che-Chia Wei acquired 186 shares of Taiwan Semiconductor Manufacturing stock. The stock was purchased at an average cost of $57.87 per share, with a total value of $10,763.82.

Taiwan Semiconductor Manufacturing Trading Down 0.2%

NYSE:TSM opened at $411.05 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.32 and a current ratio of 2.51. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.39. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $176.47 and a 52 week high of $420.00. The firm has a 50-day moving average price of $361.06 and a two-hundred day moving average price of $330.36.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last announced its earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share for the quarter. The firm had revenue of $30.65 billion for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 38.17% and a net margin of 46.97%. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.25 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be given a $0.9503 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $3.80 annualized dividend and a yield of 0.9%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 24.96%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacific Sun Financial Corp purchased a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth about $216,000. Baader Bank Aktiengesellschaft raised its position in shares of Taiwan Semiconductor Manufacturing by 8.1% in the first quarter. Baader Bank Aktiengesellschaft now owns 15,469 shares of the semiconductor company’s stock valued at $5,135,000 after purchasing an additional 1,160 shares during the period. DJE Kapital AG purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $118,389,000. Burling Wealth Partners LLC bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $208,000. Finally, DUTCH ASSET Corp grew its stake in Taiwan Semiconductor Manufacturing by 11.5% in the 1st quarter. DUTCH ASSET Corp now owns 22,924 shares of the semiconductor company’s stock valued at $7,747,000 after buying an additional 2,368 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TSM. Barclays raised their target price 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. Weiss Ratings upgraded shares of Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Needham & Company LLC lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Dbs Bank upgraded shares of Taiwan Semiconductor Manufacturing to a “moderate buy” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $404.29.

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Taiwan Semiconductor Manufacturing News Summary

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About Taiwan Semiconductor Manufacturing

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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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