Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Holdings Reduced by Wedmont Private Capital

Wedmont Private Capital decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,316 shares of the semiconductor company’s stock after selling 1,587 shares during the period. Wedmont Private Capital’s holdings in Taiwan Semiconductor Manufacturing were worth $1,183,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. First Community Trust NA bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $33,000. LifeSteps Financial Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $27,000. North Star Investment Management Corp. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 181 shares in the last quarter. Finally, Tsfg LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 470.7% in the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 2.5 %

Shares of NYSE:TSM traded up $4.18 during mid-day trading on Tuesday, hitting $171.81. The stock had a trading volume of 11,561,222 shares, compared to its average volume of 16,228,183. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The company has a market cap of $891.08 billion, a PE ratio of 32.59, a P/E/G ratio of 0.98 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The company’s 50 day moving average is $170.31 and its 200-day moving average is $149.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.44 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Sanford C. Bernstein raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, Susquehanna restated a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Company 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.