Sovran Advisors LLC Purchases Shares of 3,590 Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sovran Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,590 shares of the semiconductor company’s stock, valued at approximately $723,000.

A number of other large investors also recently modified their holdings of TSM. Compound Global Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $722,000. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $25,000. Essex Financial Services Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 0.8% during the 4th quarter. Essex Financial Services Inc. now owns 9,688 shares of the semiconductor company’s stock worth $1,913,000 after buying an additional 77 shares in the last quarter. Focus Financial Network Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.6% in the 4th quarter. Focus Financial Network Inc. now owns 4,214 shares of the semiconductor company’s stock worth $832,000 after buying an additional 108 shares during the last quarter. Finally, Sapient Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 12.4% in the fourth quarter. Sapient Capital LLC now owns 11,428 shares of the semiconductor company’s stock valued at $2,264,000 after acquiring an additional 1,264 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Barclays raised their target price 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. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $209.05 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $122.91 and a 1 year high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business has a fifty day simple moving average of $204.98 and a two-hundred day simple moving average of $188.12. The company has a market capitalization of $1.08 trillion, a P/E ratio of 29.69, a P/E/G ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share 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.