Fosun International Ltd Acquires New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fosun International Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,270 shares of the semiconductor company’s stock, valued at approximately $251,000.

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

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $176.65 on Friday. The company’s 50 day moving average is $165.73 and its 200 day moving average is $187.66. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a market cap of $916.18 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.55%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 27.76%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TSM shares. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays reissued a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Susquehanna reiterated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $212.00.

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.