Dynamic Technology Lab Private Ltd acquired a new position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 23,280 shares of the semiconductor company’s stock, valued at approximately $1,028,000.
Several other institutional investors and hedge funds also recently modified their holdings of TSM. Stratos Wealth Partners LTD. bought a new position in shares of Taiwan Semiconductor Mfg. during the third quarter worth about $114,000. Gamble Jones Investment Counsel bought a new position in shares of Taiwan Semiconductor Mfg. during the third quarter worth about $115,000. Flagship Harbor Advisors LLC bought a new position in shares of Taiwan Semiconductor Mfg. during the second quarter worth about $120,000. First Hawaiian Bank bought a new position in shares of Taiwan Semiconductor Mfg. during the third quarter worth about $124,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Taiwan Semiconductor Mfg. in the third quarter worth approximately $140,000. Institutional investors own 19.35% of the company’s stock.
A number of brokerages have weighed in on TSM. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. ValuEngine upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Finally, Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Taiwan Semiconductor Mfg. currently has an average rating of “Buy” and an average target price of $46.00.
Shares of TSM stock opened at $36.43 on Tuesday. The company has a market capitalization of $189.40 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. The company has a quick ratio of 2.34, a current ratio of 2.67 and a debt-to-equity ratio of 0.04. Taiwan Semiconductor Mfg. Co. Ltd. has a fifty-two week low of $35.22 and a fifty-two week high of $46.57.
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, topping the Zacks’ consensus estimate of $0.55 by $0.01. The business had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $257.92 billion. Taiwan Semiconductor Mfg. had a return on equity of 22.62% and a net margin of 34.38%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.47 earnings per share. On average, research analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 earnings per share for the current year.
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Taiwan Semiconductor Mfg. Profile
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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