Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Purchased by Savant Capital LLC

Savant Capital LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.7% in the 4th quarter, Holdings Channel reports. The firm owned 16,697 shares of the semiconductor company’s stock after purchasing an additional 2,142 shares during the quarter. Savant Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Angeles Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 9.9% in the fourth quarter. Angeles Wealth Management LLC now owns 4,259 shares of the semiconductor company’s stock valued at $841,000 after purchasing an additional 383 shares during the period. Coronation Fund Managers Ltd. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 33.0% in the fourth quarter. Coronation Fund Managers Ltd. now owns 24,749 shares of the semiconductor company’s stock valued at $4,888,000 after purchasing an additional 6,136 shares during the period. Stiles Financial Services Inc acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $217,000. Newbridge Financial Services Group Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $225,000. Finally, Kestra Private Wealth Services LLC increased its holdings in Taiwan Semiconductor Manufacturing by 17.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 50,051 shares of the semiconductor company’s stock valued at $9,885,000 after acquiring an additional 7,495 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSM. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $209.05 on Wednesday. The company has a market cap of $1.08 trillion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $122.91 and a 12 month high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a 50-day simple moving average of $204.98 and a 200-day simple moving average of $188.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.