Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Shares Sold by SRS Capital Advisors Inc.

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SRS Capital Advisors Inc. reduced its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 29.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,222 shares of the semiconductor company’s stock after selling 3,059 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TSM. Stratos Wealth Partners LTD. acquired a new stake in shares of Taiwan Semiconductor Mfg. in the third quarter valued at approximately $114,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Mfg. in the second quarter valued at approximately $120,000. First Hawaiian Bank acquired a new stake in shares of Taiwan Semiconductor Mfg. in the third quarter valued at approximately $124,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Taiwan Semiconductor Mfg. in the third quarter valued at approximately $140,000. Finally, Reilly Financial Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Mfg. by 118.1% in the third quarter. Reilly Financial Advisors LLC now owns 3,320 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 1,798 shares during the period. 19.18% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Mfg. stock opened at $38.07 on Friday. Taiwan Semiconductor Mfg. Co. Ltd. has a 12 month low of $35.35 and a 12 month high of $46.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.07 and a quick ratio of 1.86. The company has a market cap of $203.19 billion, a PE ratio of 17.34, a P/E/G ratio of 1.19 and a beta of 1.16.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings results on Thursday, October 18th. The semiconductor company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. Taiwan Semiconductor Mfg. had a return on equity of 22.57% and a net margin of 34.38%. The business had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $257.92 billion. During the same quarter in the prior year, the business earned $3.47 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 EPS for the current fiscal year.

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

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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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Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM).

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

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