Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Position Increased by Aigen Investment Management LP

Aigen Investment Management LP increased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 110.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,960 shares of the semiconductor company's stock after acquiring an additional 9,932 shares during the period. Aigen Investment Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $3,147,000 as of its most recent filing with the Securities and Exchange Commission.A New AI Tailwind Could Come to Boost Taiwan Semiconductor StockSeveral other hedge funds and other institutional investors have also modified their holdings of the company. First Heartland Consultants Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 4.2% during the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after buying an additional 50 shares in the last quarter. Formidable Asset Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after buying an additional 50 shares in the last quarter. Connecticut Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 0.7% during the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after buying an additional 55 shares in the last quarter. WealthCollab LLC raised its holdings in Taiwan Semiconductor Manufacturing by 6.7% during the fourth quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock valued at $176,000 after buying an additional 56 shares in the last quarter. Finally, WealthPlan Investment Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 3.2% during the first quarter. WealthPlan Investment Management LLC now owns 1,847 shares of the semiconductor company's stock valued at $307,000 after buying an additional 57 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors. Taiwan Semiconductor Manufacturing Stock Down 0.3%TSM stock opened at $241.91 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $248.28. The company has a market cap of $1.25 trillion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. The business's 50-day simple moving average is $226.40 and its 200 day simple moving average is $196.73. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.18. Global Value: 3 Stocks Under $10 Riding a Weak DollarTaiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The business had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. During the same period last year, the business earned $1.48 earnings per share. The firm's revenue for the quarter was up 44.4% compared to the same quarter last year. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year. Taiwan Semiconductor Manufacturing Cuts DividendThe business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is presently 29.65%. Analyst Ratings ChangesTaiwan Semiconductor Could Boom on This AI Action PlanA number of research firms have recently commented on TSM. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research note on Monday, July 14th. Barclays reiterated an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.View Our Latest Stock Report on Taiwan Semiconductor ManufacturingTaiwan Semiconductor Manufacturing Profile (Free Report)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.Featured StoriesFive stocks we like better than Taiwan Semiconductor ManufacturingWhat Do S&P 500 Stocks Tell Investors About the Market? Rocket Lab Reports Q2 Results: Is the Bull Thesis Still Intact?How is Compound Interest Calculated?Trump GLP-1 Pilot Program Could Boost Novo Nordisk & Eli LillyWhat is the FTSE 100 index? Now Is a Great Time to Buy Cheniere Energy: New High ExpectedThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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