TD Asset Management Inc. increased its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 7.7% in the 1st quarter, HoldingsChannel reports. The fund owned 1,289,542 shares of the semiconductor company’s stock after acquiring an additional 91,747 shares during the period. TD Asset Management Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $52,819,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. Next Capital Management LLC purchased a new position in shares of Taiwan Semiconductor Mfg. during the first quarter valued at approximately $25,000. First Bank & Trust purchased a new position in shares of Taiwan Semiconductor Mfg. during the fourth quarter valued at approximately $29,000. Horan Capital Advisors LLC. purchased a new position in shares of Taiwan Semiconductor Mfg. during the first quarter valued at approximately $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Taiwan Semiconductor Mfg. during the first quarter valued at approximately $31,000. Finally, Advocacy Wealth Management Services LLC boosted its position in shares of Taiwan Semiconductor Mfg. by 55.6% during the first quarter. Advocacy Wealth Management Services LLC now owns 789 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares during the period. Institutional investors own 19.92% of the company’s stock.
Shares of NYSE TSM traded down $0.14 during trading hours on Wednesday, reaching $39.16. The stock had a trading volume of 331,110 shares, compared to its average volume of 8,495,511. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.38 and a current ratio of 2.67. The firm has a market capitalization of $203.81 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.45 and a beta of 0.98. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $34.22 and a 52-week high of $45.64.
TSM has been the subject of a number of research reports. ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating and set a $46.00 price target for the company in a report on Tuesday, May 14th. Finally, Goldman Sachs Group initiated coverage on Taiwan Semiconductor Mfg. in a report on Tuesday, May 7th. They issued a “buy” rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.00.
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Taiwan Semiconductor Mfg. Profile
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.
Further Reading: Return on Investment (ROI) Defined, Explained
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