Whittier Trust Co. Sells 23,797 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Whittier Trust Co. reduced its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 38.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,544 shares of the semiconductor company’s stock after selling 23,797 shares during the quarter. Whittier Trust Co.’s holdings in Taiwan Semiconductor Mfg. were worth $1,528,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Gradient Investments LLC raised its holdings in Taiwan Semiconductor Mfg. by 24.5% in the 4th quarter. Gradient Investments LLC now owns 42,258 shares of the semiconductor company’s stock worth $1,676,000 after purchasing an additional 8,317 shares during the period. Girard Partners LTD. bought a new position in Taiwan Semiconductor Mfg. in the 4th quarter worth $204,000. Flossbach Von Storch AG raised its holdings in Taiwan Semiconductor Mfg. by 137.7% during the fourth quarter. Flossbach Von Storch AG now owns 154,500 shares of the semiconductor company’s stock valued at $6,126,000 after acquiring an additional 89,500 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Taiwan Semiconductor Mfg. by 364.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 29,835 shares of the semiconductor company’s stock valued at $1,183,000 after acquiring an additional 23,415 shares during the period. Finally, Somerset Capital Management LLP bought a new stake in Taiwan Semiconductor Mfg. during the fourth quarter valued at about $9,557,000. 19.48% of the stock is currently owned by institutional investors.

A number of research firms have commented on TSM. KeyCorp reissued a “hold” rating on shares of Taiwan Semiconductor Mfg. in a report on Friday, October 20th. Sanford C. Bernstein reissued a “market perform” rating and set a $42.00 price target (up from $40.00) on shares of Taiwan Semiconductor Mfg. in a report on Tuesday. Goldman Sachs Group raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Thursday, January 11th. Finally, ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.00.

Taiwan Semiconductor Mfg. Co. Ltd. (TSM) opened at $41.90 on Wednesday. The firm has a market capitalization of $220,560.58, a PE ratio of 19.80, a PEG ratio of 1.14 and a beta of 0.85. The company has a current ratio of 2.36, a quick ratio of 2.11 and a debt-to-equity ratio of 0.06. Taiwan Semiconductor Mfg. Co. Ltd. has a 12-month low of $30.54 and a 12-month high of $46.57.

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

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Taiwan Semiconductor Mfg. 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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