Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 85.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,573 shares of the semiconductor company’s stock after purchasing an additional 5,339 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. Macquarie Group Ltd. raised its position in shares of Taiwan Semiconductor Manufacturing by 9,912.6% in the 1st quarter. Macquarie Group Ltd. now owns 78,769,354 shares of the semiconductor company’s stock valued at $7,327,125,000 after purchasing an additional 77,982,655 shares during the last quarter. FMR LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 50.8% during the first quarter. FMR LLC now owns 41,902,774 shares of the semiconductor company’s stock worth $3,897,796,000 after buying an additional 14,122,168 shares during the period. Morgan Stanley grew its holdings in shares of Taiwan Semiconductor Manufacturing by 27.7% during the fourth quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock valued at $2,421,936,000 after buying an additional 7,045,899 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 108,945.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock valued at $407,603,000 after acquiring an additional 5,466,898 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 17.2% in the 2nd quarter. Fisher Asset Management LLC now owns 29,562,673 shares of the semiconductor company’s stock worth $2,988,346,000 after acquiring an additional 4,333,997 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 2.6 %

Taiwan Semiconductor Manufacturing stock opened at $98.91 on Wednesday. The firm has a market cap of $512.99 billion, a PE ratio of 17.79, a P/E/G ratio of 2.71 and a beta of 1.04. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $72.84 and a 12 month high of $110.69. The stock’s 50 day simple moving average is $89.66 and its two-hundred day simple moving average is $94.13. The company has a current ratio of 2.15, a quick ratio of 1.88 and a debt-to-equity ratio of 0.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. Taiwan Semiconductor Manufacturing had a net margin of 41.42% and a return on equity of 28.42%. The firm had revenue of $17.28 billion for the quarter, compared to the consensus estimate of $16.90 billion. During the same period in the prior year, the firm posted $1.79 earnings per share. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.97 earnings per share for the current year.

Analyst Ratings Changes

TSM has been the topic of several research analyst reports. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna dropped their target price on Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research report on Monday, October 9th. Barclays started coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 23rd. They set an “overweight” rating and a $105.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 20th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $116.67.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.