LSV Asset Management Has $4.20 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

LSV Asset Management grew its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 98.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,400 shares of the semiconductor company’s stock after purchasing an additional 20,000 shares during the period. LSV Asset Management’s holdings in Taiwan Semiconductor Manufacturing were worth $4,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TSM. Xponance Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $270,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Taiwan Semiconductor Manufacturing by 23.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company’s stock worth $1,200,000 after acquiring an additional 2,663 shares during the last quarter. Mackenzie Financial Corp raised its position in Taiwan Semiconductor Manufacturing by 7.9% in the 3rd quarter. Mackenzie Financial Corp now owns 85,827 shares of the semiconductor company’s stock valued at $7,330,000 after purchasing an additional 6,319 shares during the last quarter. NBT Bank N A NY acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter worth $330,000. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 44.3% in the third quarter. Chicago Partners Investment Group LLC now owns 3,937 shares of the semiconductor company’s stock valued at $359,000 after buying an additional 1,209 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $143.61 on Thursday. The firm has a fifty day moving average of $138.61 and a 200-day moving average of $117.32. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $744.82 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $82.53 and a 12-month high of $158.40.

Wall Street Analysts Forecast Growth

TSM has been the subject of several research reports. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, TD Cowen lifted their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.00.

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.