Cardinal Capital Management Inc. Acquires 8,955 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Cardinal Capital Management Inc. increased its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,832 shares of the semiconductor company’s stock after acquiring an additional 8,955 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $7,939,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Bank & Trust acquired a new stake in shares of Taiwan Semiconductor Mfg. during the fourth quarter valued at approximately $29,000. Advocacy Wealth Management Services LLC increased its stake in Taiwan Semiconductor Mfg. by 55.6% in the 1st quarter. Advocacy Wealth Management Services LLC now owns 789 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares during the period. Berman Capital Advisors LLC acquired a new position in Taiwan Semiconductor Mfg. in the 4th quarter valued at approximately $34,000. Synovus Financial Corp increased its stake in Taiwan Semiconductor Mfg. by 114.2% in the 4th quarter. Synovus Financial Corp now owns 966 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 515 shares during the period. Finally, Executive Wealth Management LLC acquired a new position in Taiwan Semiconductor Mfg. in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 19.43% of the company’s stock.

Shares of TSM opened at $43.94 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.03. The firm has a market cap of $227.88 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.76 and a beta of 0.97. Taiwan Semiconductor Mfg. Co. Ltd. has a 12 month low of $34.22 and a 12 month high of $45.64.

Several research analysts have weighed in on TSM shares. CLSA lowered shares of Taiwan Semiconductor Mfg. from an “outperform” rating to an “underperform” rating in a research note on Thursday, January 17th. Zacks Investment Research lowered shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Finally, ValuEngine lowered 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 issued a buy rating to the company. Taiwan Semiconductor Mfg. currently has an average rating of “Hold”.

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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: Risk Tolerance

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

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