Bank of Montreal Can Sells 1,466,661 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Bank of Montreal Can lowered its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 55.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,179,095 shares of the semiconductor company’s stock after selling 1,466,661 shares during the quarter. Bank of Montreal Can’s holdings in Taiwan Semiconductor Mfg. were worth $46,752,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new stake in Taiwan Semiconductor Mfg. during the third quarter worth $113,000. AGF Investments Inc. grew its holdings in Taiwan Semiconductor Mfg. by 63.8% during the third quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock worth $137,000 after buying an additional 1,416 shares in the last quarter. Hexavest Inc. grew its holdings in Taiwan Semiconductor Mfg. by 124.8% during the fourth quarter. Hexavest Inc. now owns 4,763 shares of the semiconductor company’s stock worth $189,000 after buying an additional 2,644 shares in the last quarter. Conning Inc. bought a new stake in Taiwan Semiconductor Mfg. during the third quarter worth $201,000. Finally, Murphy Pohlad Asset Management LLC bought a new stake in Taiwan Semiconductor Mfg. during the third quarter worth $202,000. Institutional investors and hedge funds own 19.43% of the company’s stock.

Several brokerages recently issued reports on TSM. KeyCorp reiterated a “hold” rating on shares of Taiwan Semiconductor Mfg. in a report on Friday, October 20th. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Thursday, January 11th. Morgan Stanley downgraded Taiwan Semiconductor Mfg. from an “overweight” rating to an “equal weight” rating in a report on Monday, November 27th. HSBC upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, ValuEngine upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.50.

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE TSM) opened at $44.67 on Friday. The stock has a market capitalization of $218,610.00, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.21 and a beta of 0.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.36 and a quick ratio of 2.11. Taiwan Semiconductor Mfg. Co. Ltd. has a 12 month low of $29.57 and a 12 month high of $45.54.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 19th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Taiwan Semiconductor Mfg. had a return on equity of 24.48% and a net margin of 35.71%. equities research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.2 earnings per share for the current fiscal year.

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Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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