Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Holdings Cut by TD Asset Management Inc.

TD Asset Management Inc. lessened its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,210,724 shares of the semiconductor company’s stock after selling 14,787 shares during the quarter. TD Asset Management Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $53,466,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSM. Vontobel Asset Management Inc. acquired a new stake in Taiwan Semiconductor Mfg. during the 2nd quarter worth about $651,425,000. Renaissance Technologies LLC increased its holdings in shares of Taiwan Semiconductor Mfg. by 1,211.2% in the 2nd quarter. Renaissance Technologies LLC now owns 3,855,920 shares of the semiconductor company’s stock valued at $140,972,000 after purchasing an additional 3,561,854 shares during the period. Hermes Investment Management Ltd. increased its holdings in shares of Taiwan Semiconductor Mfg. by 28.8% in the 2nd quarter. Hermes Investment Management Ltd. now owns 11,454,210 shares of the semiconductor company’s stock valued at $418,766,000 after purchasing an additional 2,562,907 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Taiwan Semiconductor Mfg. by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 44,674,092 shares of the semiconductor company’s stock valued at $1,633,286,000 after purchasing an additional 2,367,792 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Taiwan Semiconductor Mfg. by 48.9% in the 2nd quarter. Janus Henderson Group PLC now owns 6,938,363 shares of the semiconductor company’s stock valued at $253,699,000 after purchasing an additional 2,278,222 shares during the period. Hedge funds and other institutional investors own 19.18% of the company’s stock.

TSM has been the topic of a number of research reports. Nomura upgraded Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a report on Thursday, July 19th. Zacks Investment Research downgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a report on Saturday, July 21st. ValuEngine upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 18th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $46.00.

Shares of TSM opened at $38.73 on Wednesday. The stock has a market capitalization of $201.12 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. Taiwan Semiconductor Mfg. Co. Ltd. has a fifty-two week low of $35.35 and a fifty-two week high of $46.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.07.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its earnings results on Thursday, October 18th. The semiconductor company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $257.92 billion. Taiwan Semiconductor Mfg. had a return on equity of 22.57% and a net margin of 34.38%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.47 EPS. On average, sell-side analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 EPS for the current fiscal year.

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About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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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)

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