Redwood Investments LLC Cuts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Redwood Investments LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 60.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,888 shares of the semiconductor company’s stock after selling 54,254 shares during the period. Taiwan Semiconductor Manufacturing makes up 1.8% of Redwood Investments LLC’s investment portfolio, making the stock its 9th biggest holding. Redwood Investments LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $6,890,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after acquiring an additional 1,476 shares during the last quarter. McHugh Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth $605,000. OLD National Bancorp IN lifted its position in Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after acquiring an additional 2,368 shares during the last quarter. Guardian Partners Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $9,222,000. Finally, Hardman Johnston Global Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after purchasing an additional 26,847 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $194.19 on Thursday. The firm has a market capitalization of $1.01 trillion, a PE ratio of 27.58, a PEG ratio of 0.66 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $133.57 and a 1-year high of $226.40. The business’s 50 day moving average is $166.49 and its 200-day moving average is $187.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TSM has been the subject of several recent analyst reports. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.