Migdal Insurance & Financial Holdings Ltd. Buys 400,000 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Migdal Insurance & Financial Holdings Ltd. lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 84.1% during the fourth quarter, Holdings Channel reports. The fund owned 875,756 shares of the semiconductor company’s stock after acquiring an additional 400,000 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 2.5% of Migdal Insurance & Financial Holdings Ltd.’s holdings, making the stock its 13th largest position. Migdal Insurance & Financial Holdings Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $173,490,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TSM. AMF Tjanstepension AB increased its position in Taiwan Semiconductor Manufacturing by 4.8% in the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after buying an additional 70,057 shares during the period. Brookstone Capital Management increased its position in Taiwan Semiconductor Manufacturing by 1.8% in the 3rd quarter. Brookstone Capital Management now owns 8,694 shares of the semiconductor company’s stock worth $1,510,000 after buying an additional 156 shares during the period. Daymark Wealth Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 8.9% in the 3rd quarter. Daymark Wealth Partners LLC now owns 7,084 shares of the semiconductor company’s stock worth $1,230,000 after buying an additional 581 shares during the period. CWM LLC increased its position in Taiwan Semiconductor Manufacturing by 7.6% in the 3rd quarter. CWM LLC now owns 29,651 shares of the semiconductor company’s stock worth $5,149,000 after buying an additional 2,097 shares during the period. Finally, Marcum Wealth LLC increased its position in Taiwan Semiconductor Manufacturing by 24.2% in the 3rd quarter. Marcum Wealth LLC now owns 5,767 shares of the semiconductor company’s stock worth $1,002,000 after buying an additional 1,125 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $210.40 on Friday. The stock’s fifty day simple moving average is $203.69 and its 200 day simple moving average is $187.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market cap of $1.09 trillion, a price-to-earnings ratio of 29.89, a P/E/G ratio of 0.69 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $120.00 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.04%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TSM. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, 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, January 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $220.00.

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 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.