Harel Insurance Investments & Financial Services Ltd. Lowers Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Harel Insurance Investments & Financial Services Ltd. cut its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 75.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the semiconductor company’s stock after selling 3,000 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Taiwan Semiconductor Mfg. were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TSM. First Bank & Trust bought a new stake in shares of Taiwan Semiconductor Mfg. in the fourth quarter valued at $29,000. Advocacy Wealth Management Services LLC grew its position 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 valued at $33,000 after purchasing an additional 282 shares in the last quarter. Berman Capital Advisors LLC purchased a new position in shares of Taiwan Semiconductor Mfg. in the fourth quarter valued at $34,000. Synovus Financial Corp grew its position in shares of Taiwan Semiconductor Mfg. by 114.2% in the fourth quarter. Synovus Financial Corp now owns 966 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 515 shares in the last quarter. Finally, Somerset Trust Co grew its position in shares of Taiwan Semiconductor Mfg. by 183.1% in the first quarter. Somerset Trust Co now owns 889 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 19.43% of the company’s stock.

Several brokerages have recently weighed in on TSM. ValuEngine upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research cut Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Finally, CLSA cut Taiwan Semiconductor Mfg. from an “outperform” rating to an “underperform” rating in a research report on Thursday, January 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold”.

Shares of NYSE TSM opened at $45.40 on Friday. The firm has a market capitalization of $235.45 billion, a PE ratio of 20.27, a P/E/G ratio of 2.85 and a beta of 0.97. Taiwan Semiconductor Mfg. Co. Ltd. has a fifty-two week low of $34.22 and a fifty-two week high of $45.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.79 and a quick ratio of 2.49.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 17th. The semiconductor company reported $0.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $9.40 billion during the quarter. Taiwan Semiconductor Mfg. had a return on equity of 21.96% and a net margin of 34.04%. As a group, equities research analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.12 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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