Executive Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,201 shares of the semiconductor company’s stock, valued at approximately $44,000.
Other large investors also recently bought and sold shares of the company. Rhumbline Advisers acquired a new position in Taiwan Semiconductor Mfg. during the third quarter valued at approximately $242,000. CI Investments Inc. grew its holdings in Taiwan Semiconductor Mfg. by 54.9% during the third quarter. CI Investments Inc. now owns 1,635,336 shares of the semiconductor company’s stock valued at $72,216,000 after purchasing an additional 579,543 shares during the last quarter. BlackRock Inc. grew its holdings in Taiwan Semiconductor Mfg. by 32.1% during the third quarter. BlackRock Inc. now owns 10,533,336 shares of the semiconductor company’s stock valued at $465,151,000 after purchasing an additional 2,556,652 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in Taiwan Semiconductor Mfg. during the third quarter valued at approximately $262,000. Finally, Virtu Financial LLC acquired a new position in Taiwan Semiconductor Mfg. during the third quarter valued at approximately $1,134,000. 19.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Taiwan Semiconductor Mfg. stock traded up $1.01 during midday trading on Friday, hitting $45.40. The company had a trading volume of 16,569,844 shares, compared to its average volume of 7,042,395. The company has a market cap of $235.45 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 3.03 and a beta of 0.97. The company has a current ratio of 2.79, a quick ratio of 2.49 and a debt-to-equity ratio of 0.03. Taiwan Semiconductor Mfg. Co. Ltd. has a 1-year low of $34.22 and a 1-year high of $45.64.
Several equities analysts have commented on the company. Zacks Investment Research downgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. CLSA downgraded shares of Taiwan Semiconductor Mfg. from an “outperform” rating to an “underperform” rating in a research note on Thursday, January 17th. Finally, ValuEngine downgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Taiwan Semiconductor Mfg. currently has a consensus rating of “Hold”.
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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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