Foresight Global Investors Inc. Trims Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Foresight Global Investors Inc. lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,870 shares of the semiconductor company’s stock after selling 2,130 shares during the period. Taiwan Semiconductor Manufacturing comprises about 0.8% of Foresight Global Investors Inc.’s portfolio, making the stock its 18th largest holding. Foresight Global Investors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSM. Farmers & Merchants Investments Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV grew its holdings in Taiwan Semiconductor Manufacturing by 108.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 162 shares in the last quarter. Financial Gravity Asset Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 211 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $37,000. Finally, Baystate Wealth Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 53.5% during the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $0.81 during mid-day trading on Thursday, reaching $142.79. The stock had a trading volume of 7,849,476 shares, compared to its average volume of 15,248,694. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The business has a 50 day simple moving average of $138.94 and a 200 day simple moving average of $117.51. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $82.53 and a twelve month high of $158.40. The firm has a market capitalization of $740.57 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.01 and a beta of 1.13.

Wall Street Analysts Forecast Growth

TSM has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Finally, TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.