FineMark National Bank & Trust bought a new position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,880 shares of the semiconductor company’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently modified their holdings of the business. KCS Wealth Advisory increased its position in Taiwan Semiconductor Mfg. by 5.2% in the 2nd quarter. KCS Wealth Advisory now owns 26,253 shares of the semiconductor company’s stock worth $960,000 after purchasing an additional 1,296 shares during the last quarter. Cardinal Capital Management Inc. increased its position in Taiwan Semiconductor Mfg. by 0.7% in the 3rd quarter. Cardinal Capital Management Inc. now owns 183,915 shares of the semiconductor company’s stock worth $8,122,000 after purchasing an additional 1,340 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Taiwan Semiconductor Mfg. by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 358,524 shares of the semiconductor company’s stock worth $13,109,000 after purchasing an additional 1,344 shares during the last quarter. BancorpSouth Bank increased its position in Taiwan Semiconductor Mfg. by 10.3% in the 2nd quarter. BancorpSouth Bank now owns 14,906 shares of the semiconductor company’s stock worth $545,000 after purchasing an additional 1,393 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its position in Taiwan Semiconductor Mfg. by 18.1% in the 2nd quarter. SRS Capital Advisors Inc. now owns 10,281 shares of the semiconductor company’s stock worth $375,000 after purchasing an additional 1,575 shares during the last quarter. 19.18% of the stock is currently owned by institutional investors.

Shares of NYSE TSM opened at $38.07 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.86 and a debt-to-equity ratio of 0.06. The stock has a market cap of $200.86 billion, a PE ratio of 17.54, a P/E/G ratio of 1.18 and a beta of 1.16. Taiwan Semiconductor Mfg. Co. Ltd. has a 52 week low of $35.35 and a 52 week high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 18th. The semiconductor company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. The business 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 22.57% 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 quarter in the prior year, the firm posted $3.47 EPS. Research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 earnings per share for the current year.

Several research analysts have weighed in on TSM shares. Nomura raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research lowered Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a report on Saturday, July 21st. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, Morgan Stanley raised Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 18th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.00.

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

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