SLT Holdings LLC Acquires Stake in Taiwan Semiconductor Manufacturing Company Limited

SLT Holdings LLC has recently disclosed a new investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) during the fourth quarter of the previous year. According to their latest filing with the Securities and Exchange Commission (SEC), SLT Holdings LLC acquired 1,718 shares of the semiconductor giant, which are valued at approximately $339,000.

Institutional Investor Activities

In addition to SLT Holdings, several other institutional investors have also adjusted their positions in TSM. For instance, Summit Global Investments increased its holdings by 186.8% in the third quarter, now owning 12,766 shares worth about $2,217,000 after acquiring 8,315 additional shares. Hollencrest Capital Management raised its position by 71.5%, bringing its total to 3,425 shares valued at $595,000 following the purchase of 1,428 extra shares in the same quarter. Similarly, Equitable Trust Co. added 9.8% to their stake, holding 35,590 shares worth roughly $6,181,000 after buying 3,178 shares recently. CWA Asset Management Group LLC also made a new investment in TSM during the third quarter, valued at $425,000. Lastly, Galvin Gaustad & Stein LLC boosted its holdings by 5.9%, now owning 103,491 shares valued at $17,973,000 with an acquisition of 5,779 additional shares. Currently, around 16.51% of Taiwan Semiconductor Manufacturing's stock is owned by institutional investors and hedge funds.

Recent Stock Performance

As of Friday, Taiwan Semiconductor Manufacturing's stock opened at $176.58. The company has experienced a fifty-two week low of $125.78 and a high of $226.40. In financial terms, Taiwan Semiconductor holds a debt-to-equity ratio of 0.24, a quick ratio of 2.30, and a current ratio of 2.57. The market capitalization of the company stands at approximately $915.80 billion, with a P/E ratio of 25.08 and a PEG ratio of 0.66. The stock's 50-day simple moving average is noted at $202.05, while the 200-day simple moving average is at $191.76.

Quarterly Earnings and Dividends

Taiwan Semiconductor reported its latest earnings results on January 16, revealing earnings of $2.24 per share for the quarter, which exceeded the consensus estimate of $2.16 by $0.08. The company achieved a return on equity of 30.47% along with a net margin of 40.51%. Analysts expect that Taiwan Semiconductor will report earnings of $9.20 per share for the current year. Moreover, the company has announced a quarterly dividend of $0.6855, which will be distributed to shareholders on July 10, with a record date set for June 12. This dividend has increased from the prior amount of $0.55, representing an annualized dividend of $2.74 and a dividend yield of 1.55%. The payout ratio is currently 30.68%.

Analytical Insights and Price Targets

Various research firms have recently published updates concerning TSM. Barclays has raised its price target for the stock from $240.00 to $255.00, assigning it an 'overweight' rating. Conversely, StockNews.com downgraded Taiwan Semiconductor from a 'buy' to a 'hold' rating in a report on January 28. Needham & Company LLC reiterated a 'buy' rating with a price target of $225.00 in a report dated February 18. Presently, two analysts have rated the stock with a hold while four have given it a buy rating. Overall, analysts categorize the stock with a consensus rating of 'Moderate Buy' and an average price target of $220.00.

Company Overview

Taiwan Semiconductor Manufacturing Company Limited, through its subsidiaries, engages in the manufacture, packaging, testing, and sale of integrated circuits and various semiconductor devices, with a global reach including markets in Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. The company offers a variety of wafer fabrication processes, including those for manufacturing complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal devices, radio frequency, embedded memory, and bipolar CMOS mixed-signal technologies.

Investment, Semiconductors, Stocks