Vienna Asset Management LLC Invests in Taiwan Semiconductor Manufacturing Company

Vienna Asset Management LLC has established a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the third quarter, as reported in its latest filing with the Securities and Exchange Commission (SEC). The investment firm acquired 4,489 shares of the semiconductor giant's stock, which is valued at around $780,000. This investment represents 0.6% of Vienna Asset Management's total holdings, making Taiwan Semiconductor Manufacturing its 28th largest investment.

Notable Investments in Taiwan Semiconductor Manufacturing

Other prominent investors have also recently taken positions in Taiwan Semiconductor Manufacturing Company. For example, FMR LLC increased its holdings in the company by 7.2% in the third quarter, acquiring an additional 3,783,802 shares. As a result, FMR LLC now owns 55,974,769 shares, valued at approximately $9.72 billion. Similarly, Fisher Asset Management LLC raised its position by 1.3%, bringing its total shares to 28,767,106, valued at about $4.99 billion after adding 359,854 shares during the same quarter.

Additionally, Van ECK Associates Corp boosted its holdings by 0.7%, now holding 18,289,993 shares worth approximately $3.18 billion after purchasing 122,828 shares. WCM Investment Management LLC increased its stake by 14.1%, which now stands at 9,738,181 shares valued at around $1.73 billion. PineStone Asset Management Inc. raised its stake significantly by 116.3%, obtaining 7,784,316 shares worth approximately $1.35 billion after adding 4,186,133 shares during the second quarter. Overall, institutional investors own 16.51% of the company's stock.

Analyst Perspectives on Taiwan Semiconductor Manufacturing

In recent months, several analysts have updated their ratings for Taiwan Semiconductor Manufacturing. StockNews.com downgraded the stock from a "buy" to a "hold" rating in a report on November 17. On the other hand, Susquehanna reaffirmed a "buy" rating in a report dated October 18. Barclays has increased the target price for Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and assigned an "overweight" rating in their recent analysis on November 18. Additionally, Needham & Company LLC reiterated a "buy" rating and set a target price of $210.00 in a report published on October 17. Currently, analysts categorize the stock as a "Moderate Buy" with an average price target of $214.00.

Stock Performance of Taiwan Semiconductor Manufacturing

The shares of Taiwan Semiconductor Manufacturing Company opened at $204.30. The stock has recorded a 1-year low of $97.44 and a high of $212.60. With a market capitalization of $1.06 trillion, the company has a price-to-earnings (P/E) ratio of 32.74, while the price-to-earnings-growth (PEG) ratio stands at 0.92. The stock has displayed a beta of 1.09, indicating its volatility relative to the market. Its fifty-day moving average is $190.61, and the 200-day moving average is $176.32. Financial ratios indicate a debt-to-equity ratio of 0.24, a quick ratio of 2.30, and a current ratio of 2.57.

Earnings Report and Dividend Announcement

On October 17, Taiwan Semiconductor Manufacturing reported its earnings results, announcing earnings per share (EPS) of $1.94 for the quarter, exceeding analysts' expectations of $1.74 by $0.20. The company generated $23.50 billion in revenue, also surpassing the anticipated $22.72 billion. The firm’s return on equity is recorded at 27.44%, with a net margin of 39.10%. Projections suggest that Taiwan Semiconductor Manufacturing is expected to report an EPS of 6.95 for the current fiscal year. Additionally, the company recently declared a quarterly dividend to be paid on April 10, with stockholders of record on March 18 receiving $0.5484 per share. This payout signifies a $2.19 annualized dividend, translating to a dividend yield of 1.07%. The increase in the dividend follows a previous quarterly rate of $0.49, with a dividend payout ratio (DPR) of 31.57%.

Company Overview

Taiwan Semiconductor Manufacturing Company Limited operates in the semiconductor industry, manufacturing and selling integrated circuits and semiconductor devices in numerous regions, including Taiwan, China, Europe, Japan, and the United States. The company specializes in a wide range of wafer fabrication processes, including technologies for creating complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal products, radio frequency components, and embedded memory.

investment, semiconductors, stocks