LifePro Asset Management Makes New $13.80 Million Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

LifePro Asset Management acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 114,855 shares of the semiconductor company’s stock, valued at approximately $13,801,000. Taiwan Semiconductor Manufacturing makes up about 4.1% of LifePro Asset Management’s holdings, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSM. Credit Agricole S A grew its holdings in shares of Taiwan Semiconductor Manufacturing by 104.8% in the first quarter. Credit Agricole S A now owns 15,645 shares of the semiconductor company’s stock valued at $1,850,000 after purchasing an additional 8,006 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 55.7% in the first quarter. Kestra Advisory Services LLC now owns 53,762 shares of the semiconductor company’s stock valued at $6,359,000 after purchasing an additional 19,225 shares in the last quarter. Sit Investment Associates Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 38.8% in the first quarter. Sit Investment Associates Inc. now owns 11,800 shares of the semiconductor company’s stock valued at $1,396,000 after purchasing an additional 3,300 shares in the last quarter. TCW Group Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $2,768,000. Finally, Kingfisher Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 6.3% in the second quarter. Kingfisher Capital LLC now owns 29,089 shares of the semiconductor company’s stock valued at $3,495,000 after purchasing an additional 1,728 shares in the last quarter. 16.55% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TSM traded down $1.70 on Wednesday, hitting $121.39. 155,926 shares of the company’s stock were exchanged, compared to its average volume of 10,354,413. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $76.17 and a 12 month high of $142.20. The stock has a market capitalization of $629.54 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89. The business’s 50 day simple moving average is $117.84 and its two-hundred day simple moving average is $117.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.65.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. Taiwan Semiconductor Manufacturing had a return on equity of 29.17% and a net margin of 38.14%. The business had revenue of $372.15 billion during the quarter, compared to the consensus estimate of $372.58 billion. During the same period last year, the company earned $4.66 earnings per share. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Investors of record on Friday, December 17th will be issued a $0.4941 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.98 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 16th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 41.59%.

Several research analysts have commented on the stock. Morgan Stanley lowered shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price objective for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Susquehanna Bancshares raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price objective for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Zacks Investment Research lowered shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “sell” rating in a research note on Tuesday, August 31st. Finally, Argus initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 22nd. They set a “buy” rating and a $150.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $127.72.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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

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