Kiwi Wealth Investments Limited Partnership bought a new stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 173,521 shares of the semiconductor company’s stock, valued at approximately $7,593,000.

A number of other large investors have also recently modified their holdings of the stock. YorkBridge Wealth Partners LLC raised its holdings in Taiwan Semiconductor Mfg. by 8.7% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 14,869 shares of the semiconductor company’s stock valued at $639,000 after acquiring an additional 1,193 shares in the last quarter. Comerica Securities Inc. raised its holdings in Taiwan Semiconductor Mfg. by 6.2% in the first quarter. Comerica Securities Inc. now owns 22,396 shares of the semiconductor company’s stock valued at $980,000 after acquiring an additional 1,315 shares in the last quarter. Sawtooth Solutions LLC raised its holdings in Taiwan Semiconductor Mfg. by 10.8% in the fourth quarter. Sawtooth Solutions LLC now owns 13,715 shares of the semiconductor company’s stock valued at $544,000 after acquiring an additional 1,333 shares in the last quarter. Cookson Peirce & Co. Inc. raised its holdings in Taiwan Semiconductor Mfg. by 0.3% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 420,855 shares of the semiconductor company’s stock valued at $16,687,000 after acquiring an additional 1,336 shares in the last quarter. Finally, Mitchell Capital Management Co. raised its holdings in Taiwan Semiconductor Mfg. by 17.2% in the first quarter. Mitchell Capital Management Co. now owns 10,279 shares of the semiconductor company’s stock valued at $450,000 after acquiring an additional 1,506 shares in the last quarter. 19.34% of the stock is currently owned by hedge funds and other institutional investors.

TSM stock opened at $38.97 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.47 and a current ratio of 2.71. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $34.31 and a twelve month high of $46.57. The company has a market cap of $201.01 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.10 and a beta of 0.91.

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

Several brokerages recently weighed in on TSM. ValuEngine cut shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Friday, May 18th. Credit Suisse Group raised shares of Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 20th. Finally, Zacks Investment Research cut shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “sell” rating in a report on Tuesday, April 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Taiwan Semiconductor Mfg. has a consensus rating of “Hold” and a consensus target price of $46.00.

Taiwan Semiconductor Mfg. 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.

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

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