Lido Advisors LLC purchased a new stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) in the 3rd quarter, HoldingsChannel reports. The fund purchased 12,358 shares of the semiconductor company’s stock, valued at approximately $545,000.

Several other hedge funds also recently modified their holdings of TSM. Commonwealth Equity Services LLC boosted its position in shares of Taiwan Semiconductor Mfg. by 3.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 53,710 shares of the semiconductor company’s stock valued at $1,964,000 after purchasing an additional 1,884 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Taiwan Semiconductor Mfg. by 12.3% during the 2nd quarter. First Trust Advisors LP now owns 1,092,092 shares of the semiconductor company’s stock valued at $39,927,000 after purchasing an additional 119,402 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Taiwan Semiconductor Mfg. by 23.3% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 149,485 shares of the semiconductor company’s stock valued at $5,466,000 after purchasing an additional 28,228 shares in the last quarter. Wasatch Advisors Inc. boosted its position in shares of Taiwan Semiconductor Mfg. by 11.4% during the 2nd quarter. Wasatch Advisors Inc. now owns 27,315 shares of the semiconductor company’s stock valued at $999,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Taiwan Semiconductor Mfg. by 109.1% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 194,359 shares of the semiconductor company’s stock valued at $7,106,000 after purchasing an additional 101,400 shares in the last quarter. 19.35% of the stock is owned by institutional investors.

Several equities research analysts recently commented on TSM shares. Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 18th. Zacks Investment Research lowered Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a research report on Thursday, August 23rd. Finally, ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Saturday, August 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.00.

Shares of Taiwan Semiconductor Mfg. stock opened at $36.52 on Friday. Taiwan Semiconductor Mfg. Co. Ltd. has a one year low of $35.22 and a one year high of $46.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.34 and a current ratio of 2.67. The stock has a market cap of $191.16 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its earnings results on Thursday, October 18th. The semiconductor company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $260.35 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.47 EPS. Equities research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 earnings per share for the current fiscal year.

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

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