BIP Alliance LLC Invests $474,000 in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

by · The Cerbat Gem

BIP Alliance LLC bought a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,402 shares of the semiconductor company’s stock, valued at approximately $474,000.

Other hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $26,000. Hopwood Financial Services Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $27,000. Roxbury Financial LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $29,000. Finally, Accredited Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $31,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 2.4%

NYSE TSM opened at $196.43 on Friday. 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 stock has a market capitalization of $1.02 trillion, a P/E ratio of 27.90, a P/E/G ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40. The firm has a 50-day moving average price of $168.94 and a 200 day moving average price of $187.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 27.76%.

Wall Street Analyst Weigh In

TSM has been the topic of several research reports. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays reiterated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $212.00.

Get Our Latest Analysis on Taiwan Semiconductor Manufacturing

About Taiwan Semiconductor Manufacturing

(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 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.

See Also

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