3,000 Shares in Taiwan Semiconductor Manufacturing Company Ltd. $TSM Purchased by Ion Asset Management Ltd.

Ion Asset Management Ltd. acquired a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 3,000 shares of the semiconductor company’s stock, valued at approximately $838,000.

Other large investors also recently modified their holdings of the company. JPL Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $209,000. KADENSA CAPITAL Ltd boosted its position in Taiwan Semiconductor Manufacturing by 418.2% in the 3rd quarter. KADENSA CAPITAL Ltd now owns 169,353 shares of the semiconductor company’s stock valued at $47,299,000 after buying an additional 136,673 shares during the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its position in Taiwan Semiconductor Manufacturing by 24.8% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 4,030 shares of the semiconductor company’s stock valued at $1,126,000 after buying an additional 800 shares during the last quarter. Hilltop Holdings Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 11.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 16,206 shares of the semiconductor company’s stock valued at $4,526,000 after buying an additional 1,710 shares during the period. Finally, Hollow Brook Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 4.1% during the third quarter. Hollow Brook Wealth Management LLC now owns 7,013 shares of the semiconductor company’s stock worth $1,959,000 after acquiring an additional 275 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TSM shares. Wedbush reiterated an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, February 11th. UBS Group set a $330.00 price objective on Taiwan Semiconductor Manufacturing in a report on Sunday, December 7th. Weiss Ratings lowered shares of Taiwan Semiconductor Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Buy” and a consensus target price of $391.43.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $338.22 on Monday. The firm’s 50 day simple moving average is $346.99 and its 200 day simple moving average is $306.46. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $390.20. The company has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 0.93 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.62 and a quick ratio of 2.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, February 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 34.89%. The firm had revenue of $30.65 billion during the quarter. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be given a $0.9503 dividend. The ex-dividend date is Thursday, June 11th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 23.57%.

Taiwan Semiconductor Manufacturing Company Profile

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.