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

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

Several other large investors have also modified their holdings of TSM. Steward Partners Investment Advisory LLC bought a new stake in Taiwan Semiconductor Mfg. during the 3rd quarter worth approximately $113,000. AGF Investments Inc. raised its stake in Taiwan Semiconductor Mfg. by 63.8% during the 3rd quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock worth $137,000 after acquiring an additional 1,416 shares during the period. Hexavest Inc. raised its stake in Taiwan Semiconductor Mfg. by 124.8% during the 4th quarter. Hexavest Inc. now owns 4,763 shares of the semiconductor company’s stock worth $189,000 after acquiring an additional 2,644 shares during the period. Conning Inc. bought a new stake in Taiwan Semiconductor Mfg. during the 3rd quarter worth approximately $201,000. Finally, Murphy Pohlad Asset Management LLC bought a new stake in Taiwan Semiconductor Mfg. during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 19.48% of the company’s stock.

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) traded up $1.06 during trading on Monday, hitting $42.53. 6,565,569 shares of the stock traded hands, compared to its average volume of 7,910,000. The company has a market capitalization of $210,100.00, a PE ratio of 18.82, a P/E/G ratio of 1.11 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.11 and a current ratio of 2.36. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $30.34 and a 52-week high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.15 billion. Taiwan Semiconductor Mfg. had a net margin of 35.08% and a return on equity of 24.18%. sell-side analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.48 earnings per share for the current fiscal year.

TSM has been the topic of a number of recent analyst reports. Morgan Stanley cut shares of Taiwan Semiconductor Mfg. from an “overweight” rating to an “equal weight” rating in a research note on Monday, November 27th. HSBC upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Goldman Sachs Group upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research note on Monday, January 22nd. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Thursday, January 11th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.50.

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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.

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

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