Migdal Insurance & Financial Holdings Ltd. Boosts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Migdal Insurance & Financial Holdings Ltd. boosted its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 28.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,756 shares of the semiconductor company’s stock after purchasing an additional 105,291 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 1.3% of Migdal Insurance & Financial Holdings Ltd.’s investment portfolio, making the stock its 22nd biggest position. Migdal Insurance & Financial Holdings Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $82,925,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norden Group LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth $244,000. Empowered Funds LLC raised its position in Taiwan Semiconductor Manufacturing by 53.8% in the 1st quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock worth $2,837,000 after purchasing an additional 7,293 shares during the period. Wealthspire Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 25.2% in the 1st quarter. Wealthspire Advisors LLC now owns 4,165 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 837 shares during the period. PFG Advisors raised its position in Taiwan Semiconductor Manufacturing by 33.1% in the 1st quarter. PFG Advisors now owns 3,469 shares of the semiconductor company’s stock worth $472,000 after purchasing an additional 863 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 324.2% in the 1st quarter. Concurrent Investment Advisors LLC now owns 11,399 shares of the semiconductor company’s stock worth $1,551,000 after purchasing an additional 8,712 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM traded up $0.01 during trading hours on Friday, hitting $201.20. 13,112,091 shares of the company’s stock traded hands, compared to its average volume of 16,960,480. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 32.24, a P/E/G ratio of 0.97 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $91.60 and a 52 week high of $212.60. The business’s fifty day moving average price is $183.11 and its two-hundred day moving average price is $170.07. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. This represents a $1.95 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TSM shares. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $209.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.