WCM Investment Management CA Buys 1,327,403 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

WCM Investment Management CA lifted its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,613,962 shares of the semiconductor company’s stock after buying an additional 1,327,403 shares during the period. Taiwan Semiconductor Mfg. makes up approximately 9.3% of WCM Investment Management CA’s investment portfolio, making the stock its 2nd biggest holding. WCM Investment Management CA’s holdings in Taiwan Semiconductor Mfg. were worth $817,344,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TSM. SeaCrest Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Mfg. during the fourth quarter worth $109,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Taiwan Semiconductor Mfg. during the third quarter worth $113,000. AGF Investments Inc. raised its holdings in shares of Taiwan Semiconductor Mfg. by 63.8% during the third quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 1,416 shares during the last quarter. Calton & Associates Inc. purchased a new position in shares of Taiwan Semiconductor Mfg. during the fourth quarter worth $146,000. Finally, Hexavest Inc. raised its holdings in shares of Taiwan Semiconductor Mfg. by 124.8% during the fourth quarter. Hexavest Inc. now owns 4,763 shares of the semiconductor company’s stock worth $189,000 after purchasing an additional 2,644 shares during the last quarter. Institutional investors and hedge funds own 19.47% of the company’s stock.

TSM has been the subject of several recent research reports. Goldman Sachs Group raised shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a report on Monday, January 22nd. KeyCorp reissued a “hold” rating on shares of Taiwan Semiconductor Mfg. in a report on Friday, October 20th. Morgan Stanley cut shares of Taiwan Semiconductor Mfg. from an “overweight” rating to an “equal weight” rating in a report on Monday, November 27th. HSBC raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, Daiwa Capital Markets cut shares of Taiwan Semiconductor Mfg. from an “outperform” rating to a “hold” rating in a report on Thursday, October 19th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.50.

Taiwan Semiconductor Mfg. Co. Ltd. (TSM) opened at $41.88 on Thursday. Taiwan Semiconductor Mfg. Co. Ltd. has a fifty-two week low of $30.17 and a fifty-two week high of $46.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.36 and a quick ratio of 2.11. The firm has a market cap of $226,057.73, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.17 and a beta of 0.85.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, January 18th. The semiconductor company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.15 billion. Taiwan Semiconductor Mfg. had a net margin of 35.08% and a return on equity of 24.18%. equities research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.48 EPS for the current fiscal year.

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About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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