ClariVest Asset Management LLC Increases Position in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

ClariVest Asset Management LLC increased its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 6.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,384,645 shares of the semiconductor company’s stock after acquiring an additional 82,100 shares during the period. Taiwan Semiconductor Mfg. comprises approximately 1.0% of ClariVest Asset Management LLC’s portfolio, making the stock its 20th largest position. ClariVest Asset Management LLC’s holdings in Taiwan Semiconductor Mfg. were worth $60,591,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in TSM. Two Sigma Investments LP grew its position in Taiwan Semiconductor Mfg. by 571.0% in the fourth quarter. Two Sigma Investments LP now owns 2,833,897 shares of the semiconductor company’s stock worth $112,364,000 after acquiring an additional 2,411,568 shares in the last quarter. Vontobel Asset Management Inc. grew its position in Taiwan Semiconductor Mfg. by 14.5% in the fourth quarter. Vontobel Asset Management Inc. now owns 16,762,195 shares of the semiconductor company’s stock worth $678,880,000 after acquiring an additional 2,120,449 shares in the last quarter. ADAMCAPITAL Gestao de Recursos Ltda. purchased a new position in Taiwan Semiconductor Mfg. in the fourth quarter worth $81,508,000. Hermes Investment Management Ltd. grew its position in Taiwan Semiconductor Mfg. by 28.6% in the fourth quarter. Hermes Investment Management Ltd. now owns 8,660,220 shares of the semiconductor company’s stock worth $343,378,000 after acquiring an additional 1,928,406 shares in the last quarter. Finally, Cornerstone Investment Partners LLC grew its position in Taiwan Semiconductor Mfg. by 103.2% in the fourth quarter. Cornerstone Investment Partners LLC now owns 3,618,358 shares of the semiconductor company’s stock worth $143,468,000 after acquiring an additional 1,838,065 shares in the last quarter. Institutional investors own 19.40% of the company’s stock.

Taiwan Semiconductor Mfg. opened at $39.95 on Tuesday, MarketBeat reports. The company has a quick ratio of 2.47, a current ratio of 2.71 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $206.97 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $39.92 and a twelve month high of $40.54.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its quarterly earnings results on Thursday, April 19th. The semiconductor company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $248.08 billion during the quarter, compared to the consensus estimate of $250.89 billion. Taiwan Semiconductor Mfg. had a return on equity of 23.36% and a net margin of 34.83%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.38 earnings per share. equities analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.35 EPS for the current fiscal year.

Several brokerages recently issued reports on TSM. ValuEngine lowered shares of Taiwan Semiconductor Mfg. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 19th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $42.00 target price (up from $40.00) on shares of Taiwan Semiconductor Mfg. in a research report on Tuesday, February 13th. Credit Suisse Group raised shares of Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 20th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, Goldman Sachs raised shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $46.00.

Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited., together with its subsidiaries, engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices primarily in Taiwan. It manufactures masks and electronic parts; sells solar related products; wholesales and retails electronic materials; and researches, develops, and tests RFID systems.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM).

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

Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply