Secrest Blakey & Associates LLC Takes Position in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Secrest Blakey & Associates LLC bought a new position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) during the third quarter, Holdings Channel reports. The fund bought 5,000 shares of the semiconductor company’s stock, valued at approximately $227,000.

Several other institutional investors also recently made changes to their positions in the company. KCS Wealth Advisory raised its position in shares of Taiwan Semiconductor Mfg. by 5.2% during the second quarter. KCS Wealth Advisory now owns 26,253 shares of the semiconductor company’s stock worth $960,000 after purchasing an additional 1,296 shares during the period. Cardinal Capital Management Inc. raised its position in shares of Taiwan Semiconductor Mfg. by 0.7% during the third quarter. Cardinal Capital Management Inc. now owns 183,915 shares of the semiconductor company’s stock worth $8,122,000 after purchasing an additional 1,340 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Taiwan Semiconductor Mfg. by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 358,524 shares of the semiconductor company’s stock valued at $13,109,000 after buying an additional 1,344 shares in the last quarter. BancorpSouth Bank grew its holdings in shares of Taiwan Semiconductor Mfg. by 10.3% during the second quarter. BancorpSouth Bank now owns 14,906 shares of the semiconductor company’s stock valued at $545,000 after buying an additional 1,393 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Taiwan Semiconductor Mfg. by 18.1% during the second quarter. SRS Capital Advisors Inc. now owns 10,281 shares of the semiconductor company’s stock valued at $375,000 after buying an additional 1,575 shares in the last quarter. 19.35% of the stock is currently owned by institutional investors.

Shares of TSM stock traded down $0.20 on Tuesday, reaching $38.53. 90,175 shares of the company’s stock traded hands, compared to its average volume of 8,816,860. Taiwan Semiconductor Mfg. Co. Ltd. has a 12-month low of $35.22 and a 12-month high of $46.57. The company has a current ratio of 2.67, a quick ratio of 2.34 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $194.94 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.14 and a beta of 1.18.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly earnings results on Thursday, October 18th. The semiconductor company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Taiwan Semiconductor Mfg. had a return on equity of 22.62% and a net margin of 34.38%. The business had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $257.92 billion. During the same quarter in the previous year, the company posted $3.47 earnings per share. Taiwan Semiconductor Mfg.’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, sell-side analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 EPS for the current year.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. ValuEngine upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Finally, Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 18th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average 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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