Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Shares Sold by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. reduced its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 29.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,222 shares of the semiconductor company’s stock after selling 3,059 shares during the period. SRS Capital Advisors Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. purchased a new stake in Taiwan Semiconductor Mfg. during the third quarter worth about $114,000. Flagship Harbor Advisors LLC purchased a new stake in Taiwan Semiconductor Mfg. during the second quarter worth about $120,000. First Hawaiian Bank purchased a new stake in Taiwan Semiconductor Mfg. during the third quarter worth about $124,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Taiwan Semiconductor Mfg. during the third quarter worth approximately $140,000. Finally, Reilly Financial Advisors LLC increased its stake in shares of Taiwan Semiconductor Mfg. by 118.1% during the third quarter. Reilly Financial Advisors LLC now owns 3,320 shares of the semiconductor company’s stock worth $147,000 after buying an additional 1,798 shares during the period. Hedge funds and other institutional investors own 19.18% of the company’s stock.

TSM stock opened at $38.07 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.07. Taiwan Semiconductor Mfg. Co. Ltd. has a fifty-two week low of $35.35 and a fifty-two week high of $46.57. The company has a market cap of $203.19 billion, a P/E ratio of 17.34, a PEG ratio of 1.19 and a beta of 1.16.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, October 18th. The semiconductor company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The firm had revenue of $260.35 billion for the quarter, compared to analyst estimates of $257.92 billion. Taiwan Semiconductor Mfg. had a net margin of 34.38% and a return on equity of 22.57%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.47 earnings per share. Analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 EPS for the current year.

A number of research firms recently weighed in on TSM. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Morgan Stanley upgraded shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 18th. Finally, Nomura upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research note on Thursday, July 19th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $46.00.

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About Taiwan Semiconductor Mfg.

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.

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

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