IHT Wealth Management LLC Expands Holdings in Taiwan Semiconductor Manufacturing Company

IHT Wealth Management LLC has increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) by an impressive 49.7% during the third quarter. This increase was reported in the firm's most recent filing with the Securities and Exchange Commission (SEC). Following this adjustment, IHT Wealth Management LLC now holds 13,057 shares of the semiconductor giant, having added 4,336 shares during the quarter. The value of these holdings amounted to $2,264,000 as of the latest SEC disclosure.

Other institutional investors and hedge funds have also been active in modifying their positions in Taiwan Semiconductor Manufacturing. For example, PineStone Asset Management Inc. significantly increased its investment, boosting its stake by 116.3% in the second quarter. They now own 7,784,316 shares valued at approximately $1.35 billion, having acquired an additional 4,186,133 shares in the previous quarter.

FMR LLC also increased its stake by 7.2% during the third quarter, bringing its total to 55,974,769 shares worth around $9.72 billion after gaining 3,783,802 shares. Clearbridge Investments LLC experienced a staggering growth of 669.7% in its holdings, now owning 3,721,489 shares valued at about $646.83 million following a purchase of 3,237,998 shares in the last quarter.

Additionally, 1832 Asset Management L.P. expanded its stake by 1,226.7%, now holding 1,983,830 shares worth approximately $344.81 million due to the acquisition of 1,834,298 shares. UBS AM, a unit of UBS Asset Management Americas LLC, also raised its stake by 799.2% in the third quarter, leading to a holding of 1,899,088 shares valued at $329.82 million.

Currently, institutional investors own about 16.51% of Taiwan Semiconductor Manufacturing's stock.

Stock Performance and Market Insights

The stock for Taiwan Semiconductor Manufacturing opened at $200.67 on the New York Stock Exchange. The company boasts a debt-to-equity ratio of 0.24 and maintains a current ratio of 2.57 alongside a quick ratio of 2.30. Over the past year, TSM's share price has ranged from a low of $95.88 to a high of $212.60, with a market capitalization of $1.04 trillion. The company’s price-to-earnings (P/E) ratio stands at 32.16, and its P/E/G ratio is 0.92.

The fifty-day moving average for TSM is around $190.26, with a two-hundred-day moving average of $176.12.

Earnings Review

On October 17th, TSM released its quarterly earnings data, reporting $1.94 earnings per share (EPS), which surpassed the consensus estimate of $1.74 by $0.20. The company's net margin reached 39.10% and return on equity was reported at 27.44%. For the quarter, TSM's revenue hit $23.50 billion, compared to an expected $22.72 billion. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post an EPS of 6.95 for the current year.

Dividend Increase Announcement

The company has also announced a quarterly dividend distribution, scheduled for payment on April 10th. Shareholders on record as of March 18th will receive a dividend of $0.5484, translating to an annualized dividend of $2.19, which gives a yield of 1.09%. This marks an increase from the previous quarterly dividend of $0.49. TSM’s current dividend payout ratio stands at 31.57%.

Analyst Ratings and Future Outlook

Analysts have provided mixed reviews on Taiwan Semiconductor Manufacturing shares. Susquehanna reaffirmed a "buy" rating on TSM shares in a note from October 18th. Conversely, StockNews.com adjusted its rating from "buy" to "hold" on November 17th. Needham & Company reiterated a "buy" rating and set a $210.00 target price. Furthermore, Barclays raised its target price from $215.00 to $240.00 while also assigning an "overweight" rating to the stock. Overall, two analysts maintain a hold rating while four analysts encourage buying the stock, leading to an average rating of "Moderate Buy" and a consensus target price of $214.00, according to MarketBeat.

Company Overview

Taiwan Semiconductor Manufacturing Company Limited, with its subsidiaries, is involved in the manufacture, packaging, testing, and sale of integrated circuits and other semiconductor devices. It operates in various regions including Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States, providing a wide range of wafer fabrication processes for different types of semiconductor technologies.

IHT, Investment, TSMC