Migdal Insurance & Financial Holdings Ltd. Has $75.51 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Migdal Insurance & Financial Holdings Ltd. grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 723,451 shares of the semiconductor company’s stock after buying an additional 4,569 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.5% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 17th largest holding. Migdal Insurance & Financial Holdings Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $75,511,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSM. Congress Wealth Management LLC DE increased its position in Taiwan Semiconductor Manufacturing by 2.2% during the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after purchasing an additional 671 shares in the last quarter. LGT Capital Partners LTD. increased its position in Taiwan Semiconductor Manufacturing by 4.4% in the 3rd quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock valued at $135,111,000 after acquiring an additional 65,220 shares during the period. Naples Global Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 1.0% in the 3rd quarter. Naples Global Advisors LLC now owns 110,356 shares of the semiconductor company’s stock valued at $9,640,000 after acquiring an additional 1,085 shares during the period. Exchange Traded Concepts LLC increased its position in Taiwan Semiconductor Manufacturing by 7.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 159,658 shares of the semiconductor company’s stock valued at $13,874,000 after acquiring an additional 11,427 shares during the period. Finally, Verus Capital Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 53.6% in the 3rd quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 1,119 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TSM. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Finally, TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, January 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $0.67 on Wednesday, reaching $139.13. 12,451,561 shares of the company’s stock were exchanged, compared to its average volume of 15,301,020. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The firm has a market cap of $721.59 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 1.07 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40. The stock has a fifty day simple moving average of $136.36 and a 200-day simple moving average of $112.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The company had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 33.20%.

About Taiwan Semiconductor Manufacturing

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.