Royal London Asset Management Ltd. boosted its holdings in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 52.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,924 shares of the semiconductor company’s stock after purchasing an additional 89,081 shares during the period. Royal London Asset Management Ltd.’s holdings in Taiwan Semiconductor Mfg. were worth $11,433,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TSM. Stratos Wealth Partners LTD. acquired a new stake in Taiwan Semiconductor Mfg. during the 3rd quarter valued at $114,000. Gamble Jones Investment Counsel acquired a new stake in Taiwan Semiconductor Mfg. during the 3rd quarter valued at $115,000. Flagship Harbor Advisors LLC acquired a new stake in Taiwan Semiconductor Mfg. during the 2nd quarter valued at $120,000. First Hawaiian Bank acquired a new stake in Taiwan Semiconductor Mfg. during the 3rd quarter valued at $124,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Taiwan Semiconductor Mfg. during the 3rd quarter valued at $140,000. 19.18% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a report on Friday, November 9th. ValuEngine upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “underweight” rating to an “equal weight” rating in a research report on Friday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Taiwan Semiconductor Mfg. presently has a consensus rating of “Buy” and a consensus price target of $46.00.

Shares of TSM opened at $36.05 on Tuesday. The firm has a market capitalization of $191.21 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.12 and a beta of 1.16. 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 52 week low of $35.35 and a 52 week high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 18th. The semiconductor company reported $0.56 EPS for the quarter, beating 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 return on equity of 22.57% and a net margin of 34.38%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $3.47 EPS. Analysts forecast that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 EPS for the current year.

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Taiwan Semiconductor Mfg. Company 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.

See Also: Cost of Equity For A Business, Investors

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

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