Taiwan Semiconductor Manufacturing (NYSE:TSM) CEO Che-Chia Wei Buys 146 Shares of Stock

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSMGet Free Report) CEO Che-Chia Wei bought 146 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average price of $76.62 per share, for a total transaction of $11,186.52. Following the acquisition, the chief executive officer owned 17,835 shares in the company, valued at approximately $1,366,517.70. This represents a 0.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Che-Chia Wei also recently made the following trade(s):

  • On Friday, June 5th, Che-Chia Wei bought 150 shares of Taiwan Semiconductor Manufacturing stock. The stock was acquired at an average cost of $76.01 per share, for a total transaction of $11,401.50.
  • On Friday, May 8th, Che-Chia Wei purchased 160 shares of Taiwan Semiconductor Manufacturing stock. The stock was acquired at an average price of $71.82 per share, with a total value of $11,491.20.

Taiwan Semiconductor Manufacturing Trading Up 0.1%

Shares of NYSE TSM opened at $437.27 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $223.70 and a 1 year high of $479.00. The stock has a market cap of $2.27 trillion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The firm has a 50-day moving average of $425.31 and a 200 day moving average of $373.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.49 and a quick ratio of 2.31.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The semiconductor company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.31 by $0.18. The business had revenue of $35.49 billion for the quarter, compared to analyst estimates of $35.47 billion. Taiwan Semiconductor Manufacturing had a net margin of 46.97% and a return on equity of 36.81%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.12 earnings per share. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.39 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be given a $1.1136 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.45 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. Taiwan Semiconductor Manufacturing’s payout ratio is presently 24.71%.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors and hedge funds have recently made changes to their positions in the company. Quattro Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $27,000. Stephens Consulting LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 82.0% in the fourth quarter. Stephens Consulting LLC now owns 91 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 41 shares during the last quarter. Strategic Advocates LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 62.1% during the fourth quarter. Strategic Advocates LLC now owns 94 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 36 shares in the last quarter. Finally, Ares Financial Consulting LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $29,000. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TSM. Zacks Research lowered Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $450.00 to $470.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday. Bank of America raised their price target on Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and an average target price of $449.38.

View Our Latest Stock Report on TSM

Taiwan Semiconductor Manufacturing Company Profile

(Get Free Report)

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

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