Clal Insurance Enterprises Holdings Ltd Has $107.33 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Clal Insurance Enterprises Holdings Ltd lessened its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 618,000 shares of the semiconductor company’s stock after selling 103,789 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $107,328,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $25,000. Reston Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $25,000. Olistico Wealth LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $27,000. Valley Wealth Managers Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $27,000. Finally, NewSquare Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the topic of several recent analyst reports. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $190.02 on Friday. The business’s 50 day moving average is $187.92 and its 200-day moving average is $173.68. The firm has a market cap of $985.52 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 0.88 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

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.