Senator Investment Group LP Has $34.70 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Senator Investment Group LP boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2,212.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,038 shares of the semiconductor company’s stock after buying an additional 200,000 shares during the period. Taiwan Semiconductor Manufacturing makes up about 1.8% of Senator Investment Group LP’s holdings, making the stock its 27th biggest position. Senator Investment Group LP’s holdings in Taiwan Semiconductor Manufacturing were worth $34,700,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its position in Taiwan Semiconductor Manufacturing by 0.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company’s stock valued at $214,442,000 after buying an additional 11,693 shares during the period. Pinnacle Investment Management Ltd acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $26,661,000. Sentry LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $222,000. Compound Global Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 31.2% during the first quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company’s stock valued at $747,000 after buying an additional 1,141 shares during the period. Finally, Alpha Cubed Investments LLC raised its position in Taiwan Semiconductor Manufacturing by 283.7% during the first quarter. Alpha Cubed Investments LLC now owns 194,028 shares of the semiconductor company’s stock valued at $32,209,000 after buying an additional 143,457 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reissued an “overweight” rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research note on Monday, July 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.33.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $241.29 on Tuesday. The business’s 50-day moving average price is $231.17 and its two-hundred day moving average price is $198.02. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.15. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $248.28. The company has a market capitalization of $1.25 trillion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The firm had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The business’s quarterly revenue was up 44.4% compared to the same quarter last year. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

About Taiwan Semiconductor Manufacturing

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.