Insight Advisors LLC PA Increases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Insight Advisors LLC PA grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 38.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,760 shares of the semiconductor company’s stock after purchasing an additional 489 shares during the quarter. Insight Advisors LLC PA’s holdings in Taiwan Semiconductor Manufacturing were worth $292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Guardian Partners Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $9,222,000. Hardman Johnston Global Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after purchasing an additional 26,847 shares during the last quarter. Generate Investment Management Ltd raised its stake in shares of Taiwan Semiconductor Manufacturing by 90.4% in the fourth quarter. Generate Investment Management Ltd now owns 193,676 shares of the semiconductor company’s stock worth $38,249,000 after purchasing an additional 91,977 shares during the last quarter. Pinnacle Investment Management Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $26,661,000. Finally, Alphinity Investment Management Pty Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $349,241,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.9%

Taiwan Semiconductor Manufacturing stock opened at $205.10 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40. The company has a market cap of $1.06 trillion, a P/E ratio of 29.13, a P/E/G ratio of 0.66 and a beta of 1.21. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $174.27 and a two-hundred day simple moving average of $187.88.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.46%.

Analyst Ratings Changes

A number of brokerages have weighed in on TSM. Barclays reissued an “overweight” rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday. Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $217.00.

Taiwan Semiconductor Manufacturing 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.