Avestar Capital LLC Acquires 2,798 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Avestar Capital LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 37.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,189 shares of the semiconductor company’s stock after purchasing an additional 2,798 shares during the quarter. Avestar Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,014,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Mount Yale Investment Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock worth $7,052,000 after purchasing an additional 1,476 shares during the last quarter. McHugh Group LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $605,000. OLD National Bancorp IN raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after acquiring an additional 2,368 shares in the last quarter. Private Client Services LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $201,000. Finally, YHB Investment Advisors Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 6.9% in the fourth quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company’s stock valued at $7,954,000 after purchasing an additional 2,604 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $206.38 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.07 trillion, a price-to-earnings ratio of 29.32, a PEG ratio of 0.70 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $122.91 and a 12 month high of $226.40. The firm’s 50-day moving average is $205.29 and its 200 day moving average is $188.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (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%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

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.