Clal Insurance Enterprises Holdings Ltd Has $107.33 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Clal Insurance Enterprises Holdings Ltd lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 618,000 shares of the semiconductor company’s stock after selling 103,789 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $107,328,000 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. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $25,000. Olistico Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. Valley Wealth Managers Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. Finally, NewSquare Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $29,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $190.02 on Friday. The stock has a 50-day moving average price of $187.92 and a two-hundred day moving average price of $173.68. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The company has a market capitalization of $985.52 billion, a PE ratio of 30.45, a P/E/G ratio of 0.88 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data 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. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

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.