TFC Financial Management Inc. Lowers Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TFC Financial Management Inc. decreased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,057 shares of the semiconductor company’s stock after selling 181 shares during the quarter. TFC Financial Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $209,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TSM. Accel Wealth Management raised its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% in the fourth quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock worth $402,000 after purchasing an additional 49 shares during the last quarter. FWG Holdings LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% in the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock worth $539,000 after purchasing an additional 50 shares during the last quarter. Elmwood Wealth Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after purchasing an additional 50 shares during the last quarter. Gilman Hill Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% in the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 52 shares during the last quarter. Finally, Traynor Capital Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.4% in the fourth quarter. Traynor Capital Management Inc. now owns 1,566 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TSM. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective 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. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $206.38 on Thursday. The stock has a 50-day simple moving average of $205.18 and a two-hundred day simple moving average of $188.45. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $122.91 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market capitalization of $1.07 trillion, a PE ratio of 29.32, a P/E/G ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current 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.