Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,330 shares of the semiconductor company’s stock after selling 3,275 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 2.0% of Louisbourg Investments Inc.’s holdings, making the stock its 11th largest holding. Louisbourg Investments Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $8,360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TSM. Channing Global Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 32.8% in the fourth quarter. Channing Global Advisors LLC now owns 44,561 shares of the semiconductor company’s stock worth $8,800,000 after buying an additional 11,008 shares during the last quarter. Jmac Enterprises LLC grew its holdings in Taiwan Semiconductor Manufacturing by 3.5% during the 4th quarter. Jmac Enterprises LLC now owns 2,900 shares of the semiconductor company’s stock worth $573,000 after acquiring an additional 99 shares in the last quarter. Avidian Wealth Enterprises LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 11.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 6,750 shares of the semiconductor company’s stock worth $1,333,000 after purchasing an additional 702 shares during the last quarter. Great Lakes Retirement Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 0.5% in the 4th quarter. Great Lakes Retirement Inc. now owns 16,377 shares of the semiconductor company’s stock worth $3,234,000 after purchasing an additional 78 shares during the last quarter. Finally, Valley Brook Capital Group Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.9% in the 4th quarter. Valley Brook Capital Group Inc. now owns 1,700 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 110 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TSM shares. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $209.05 on Wednesday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $205.18 and a two-hundred day moving average of $188.45. The company has a market cap of $1.08 trillion, a P/E ratio of 29.69, a PEG ratio of 0.70 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $122.91 and a 52 week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing 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.