KAMES CAPITAL plc Cuts Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

KAMES CAPITAL plc decreased its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 800,122 shares of the semiconductor company’s stock after selling 123,557 shares during the period. KAMES CAPITAL plc’s holdings in Taiwan Semiconductor Mfg. were worth $32,773,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Malaga Cove Capital LLC raised its holdings in shares of Taiwan Semiconductor Mfg. by 1.3% during the fourth quarter. Malaga Cove Capital LLC now owns 21,897 shares of the semiconductor company’s stock worth $808,000 after purchasing an additional 273 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Taiwan Semiconductor Mfg. by 0.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 110,828 shares of the semiconductor company’s stock worth $4,091,000 after buying an additional 282 shares during the period. Advocacy Wealth Management Services LLC boosted its holdings in shares of Taiwan Semiconductor Mfg. by 55.6% in the first quarter. Advocacy Wealth Management Services LLC now owns 789 shares of the semiconductor company’s stock worth $33,000 after buying an additional 282 shares during the period. Shelton Capital Management boosted its holdings in shares of Taiwan Semiconductor Mfg. by 0.3% in the fourth quarter. Shelton Capital Management now owns 102,340 shares of the semiconductor company’s stock worth $3,777,000 after buying an additional 337 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of Taiwan Semiconductor Mfg. by 1.4% in the fourth quarter. Cerity Partners LLC now owns 26,736 shares of the semiconductor company’s stock worth $987,000 after buying an additional 371 shares during the period. 19.43% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on TSM shares. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. CLSA cut Taiwan Semiconductor Mfg. from an “outperform” rating to an “underperform” rating in a report on Thursday, January 17th. Finally, Zacks Investment Research cut Taiwan Semiconductor Mfg. from a “hold” rating to a “strong sell” rating in a report on Friday, January 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold”.

NYSE:TSM traded up $1.20 during trading hours on Wednesday, hitting $44.21. The company’s stock had a trading volume of 5,770,623 shares, compared to its average volume of 6,089,016. The firm has a market capitalization of $228.68 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.85 and a beta of 0.97. The company has a quick ratio of 2.49, a current ratio of 2.79 and a debt-to-equity ratio of 0.03. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $34.22 and a twelve month high of $45.24.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings data on Thursday, January 17th. The semiconductor company reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $9.40 billion for the quarter. Taiwan Semiconductor Mfg. had a return on equity of 21.96% and a net margin of 34.04%. On average, analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.12 EPS for the current fiscal year.

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Taiwan Semiconductor Mfg. 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.

Further Reading: Percentage Decliners

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

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