Taiwan Semiconductor Manufacturing Company Ltd. Sees Increased Investment
Alliancebernstein L.P. has grown its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2.2% during the 3rd quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The institutional investor now owns 10,687,037 shares of the semiconductor company’s stock after purchasing an additional 229,237 shares during the period.
Investment Portfolio and Holdings
Taiwan Semiconductor Manufacturing comprises approximately 0.9% of Alliancebernstein L.P.’s investment portfolio, making the stock its 12th largest holding. Alliancebernstein L.P. owned 0.21% of Taiwan Semiconductor Manufacturing worth $2,984,783,000 at the end of the most recent reporting period.
Other Hedge Funds and Investors
Several other hedge funds have also modified their holdings of TSM. Fisher Asset Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 1.0% during the third quarter. Fisher Asset Management LLC now owns 17,833,127 shares of the semiconductor company’s stock worth $4,980,614,000 after purchasing an additional 168,171 shares in the last quarter.
Meanwhile, Massachusetts Financial Services Co. MA boosted its stake in Taiwan Semiconductor Manufacturing by 3.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,759,419 shares of the semiconductor company’s stock worth $4,401,448,000 after purchasing an additional 541,047 shares during the last quarter.
Taiwan Semiconductor Manufacturing Stock Performance
TSM opened at $338.22 on Friday. The stock has a market capitalization of $1.75 trillion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 0.93, and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a one-year low of $134.25 and a one-year high of $390.20.
Quarterly Earnings Data and Dividend
Taiwan Semiconductor Manufacturing last posted its quarterly earnings data on Thursday, February 26th. The semiconductor company reported $3.11 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.89% and a net margin of 45.13%.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.9503 per share.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Citigroup reissued a ‘buy’ rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, January 9th. The Goldman Sachs Group reaffirmed a ‘buy’ rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, January 5th.
Therefore, with the increased investment from Alliancebernstein L.P. and the positive forecasts from Wall Street analysts, Taiwan Semiconductor Manufacturing is poised for growth. Additionally, the company’s strong financial performance and dividend payout make it an attractive option for investors.
Conclusion and Call to Action
In conclusion, Taiwan Semiconductor Manufacturing Company Ltd. is a strong player in the semiconductor industry, with a growing investment portfolio and positive forecasts from Wall Street analysts. As the company continues to grow and expand its operations, it is likely to remain a top choice for investors. Finally, for those looking to invest in the semiconductor industry, Taiwan Semiconductor Manufacturing is definitely worth considering.
