Deltec Asset Management LLC Takes Position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Deltec Asset Management LLC bought a new stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 99,510 shares of the semiconductor company’s stock, valued at approximately $3,946,000.

Several other hedge funds have also recently modified their holdings of the company. Mork Capital Management LLC bought a new stake in shares of Taiwan Semiconductor Mfg. in the 4th quarter valued at about $987,000. American Century Companies Inc. raised its holdings in Taiwan Semiconductor Mfg. by 0.6% in the 4th quarter. American Century Companies Inc. now owns 972,015 shares of the semiconductor company’s stock valued at $38,540,000 after acquiring an additional 5,765 shares during the period. Raymond James Trust N.A. raised its holdings in Taiwan Semiconductor Mfg. by 4.4% in the 4th quarter. Raymond James Trust N.A. now owns 33,011 shares of the semiconductor company’s stock valued at $1,309,000 after acquiring an additional 1,386 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in Taiwan Semiconductor Mfg. by 18.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 872,088 shares of the semiconductor company’s stock valued at $34,578,000 after acquiring an additional 137,100 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new position in Taiwan Semiconductor Mfg. in the 4th quarter valued at about $109,000. 19.48% of the stock is currently owned by institutional investors.

Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM) traded up $1.21 during trading hours on Monday, hitting $42.68. 4,497,206 shares of the company’s stock were exchanged, compared to its average volume of 8,061,018. Taiwan Semiconductor Mfg. Co. Ltd. has a 1 year low of $30.54 and a 1 year high of $46.57. The firm has a market cap of $210,740.00, a price-to-earnings ratio of 18.84, a PEG ratio of 1.11 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.11 and a current ratio of 2.36.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its earnings results on Thursday, January 18th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. Taiwan Semiconductor Mfg. had a net margin of 35.08% and a return on equity of 24.18%. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.15 billion. analysts forecast that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.48 earnings per share for the current fiscal year.

TSM has been the topic of several research analyst reports. Goldman Sachs Group raised shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a report on Monday, January 22nd. KeyCorp reissued a “hold” rating on shares of Taiwan Semiconductor Mfg. in a report on Friday, October 20th. Morgan Stanley cut shares of Taiwan Semiconductor Mfg. from an “overweight” rating to an “equal weight” rating in a report on Monday, November 27th. HSBC raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, Daiwa Capital Markets lowered shares of Taiwan Semiconductor Mfg. from an “outperform” rating to a “hold” rating in a research report on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.50.

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Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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

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