Twin Tree Management LP raised its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 195.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,575 shares of the semiconductor company’s stock after buying an additional 87,001 shares during the period. Twin Tree Management LP’s holdings in Taiwan Semiconductor Mfg. were worth $5,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. Vontobel Asset Management Inc. purchased a new position in shares of Taiwan Semiconductor Mfg. during the second quarter worth $651,425,000. Renaissance Technologies LLC boosted its position in shares of Taiwan Semiconductor Mfg. by 1,211.2% during the second quarter. Renaissance Technologies LLC now owns 3,855,920 shares of the semiconductor company’s stock worth $140,972,000 after buying an additional 3,561,854 shares during the period. Hermes Investment Management Ltd. boosted its position in shares of Taiwan Semiconductor Mfg. by 28.8% during the second quarter. Hermes Investment Management Ltd. now owns 11,454,210 shares of the semiconductor company’s stock worth $418,766,000 after buying an additional 2,562,907 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Taiwan Semiconductor Mfg. by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 44,674,092 shares of the semiconductor company’s stock worth $1,633,286,000 after buying an additional 2,367,792 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Taiwan Semiconductor Mfg. by 48.9% during the second quarter. Janus Henderson Group PLC now owns 6,938,363 shares of the semiconductor company’s stock worth $253,699,000 after buying an additional 2,278,222 shares during the period. Institutional investors and hedge funds own 19.18% of the company’s stock.

A number of research firms recently issued reports on TSM. Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “underweight” rating to an “equal weight” rating in a report on Friday, November 16th. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a report on Friday, November 9th. Finally, ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $46.00.

NYSE:TSM opened at $35.64 on Wednesday. The firm has a market capitalization of $186.96 billion, a P/E ratio of 16.42, a P/E/G ratio of 1.10 and a beta of 1.16. 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 quick ratio of 1.86, a current ratio of 2.67 and a debt-to-equity ratio of 0.04.

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

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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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