Garde Capital Inc. takes a $187,000 position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)


Garde Capital Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) in the fourth quarter, the company said in its most recent 13F filing with the Securities and Exchange Commission. The company acquired 1,800 shares of the semiconductor company, worth approximately $187,000.

Several other major investors have also recently made changes to their positions in TSM. Capital World Investors boosted its position in Taiwan Semiconductor Manufacturing shares by 11.4% during the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company valued at $4,301,178,000 after purchasing an additional 4,240,928 shares in the last quarter. Morgan Stanley increased its stake in shares of Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after purchasing an additional 2,400,882 shares during the period. Harding Loevner LP increased its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock worth $1,222,768,000 after purchasing an additional 2,008,043 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Taiwan Semiconductor Manufacturing by 6.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after purchasing an additional 1,649,279 shares during the period. Finally, Sanders Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.5% in the fourth quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after purchasing an additional 1,501,548 shares during the period. Institutional investors own 16.51% of the company’s shares.

Wall Street analysts weigh in

Several brokers have responded to TSM. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18. Finally, Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $162.00.

Check out our latest research report on semiconductor manufacturing in Taiwan

Taiwanese Semiconductor Manufacturing Price Performance

Shares of TSM opened at $172.53 on Friday. The company has a market cap of $894.81 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 1.19, and a beta of 1.11. The company’s 50-day moving average price is $148.96 and its 200-day moving average price is $129.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $176.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) posted its latest quarterly earnings data on Thursday, April 18. The semiconductor company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwanese semiconductor manufacturing increases dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9. Shareholders of record on Thursday, September 12 will receive a dividend of $0.4865. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12. This represents a dividend of $1.95 annually and a dividend yield of 1.13%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) currently stands at 32.76%.

About semiconductor production in Taiwan

(Free report)

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 offers a range of wafer fabrication processes, including processes for manufacturing complementary metal oxide-semiconductor logic (CMOS), mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal and others.

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Quarterly Institutional Ownership of Semiconductor Manufacturing in Taiwan (NYSE:TSM)



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