Altfest L J & Co. Inc. increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 16,251 shares of the semiconductor company’s stock after buying an additional 1,570 shares during the quarter. Altfest L J & Co. Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,922,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Montag A & Associates Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $26,000. Manchester Financial Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at about $30,000. Cranbrook Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at about $30,000. Abundance Wealth Counselors purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at about $32,000. Finally, Kings Point Capital Management bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $33,000. 18.27% of the stock is currently owned by institutional investors.
Shares of TSM stock traded down $1.43 during trading on Friday, hitting $111.85. The company had a trading volume of 5,979,369 shares, compared to its average volume of 12,259,628. The company has a quick ratio of 1.56, a current ratio of 1.75 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average is $117.73 and its two-hundred day moving average is $115.08. The stock has a market capitalization of $580.06 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $49.61 and a 52 week high of $142.20.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 15th. The semiconductor company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.05. The company had revenue of $12.92 billion for the quarter, compared to analysts’ expectations of $12.83 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.94% and a return on equity of 28.73%. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.01 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. Atlantic Securities assumed coverage on Taiwan Semiconductor Manufacturing in a research report on Monday, April 19th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Saturday, April 17th. Susquehanna Bancshares reiterated a “sell” rating and set a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, January 26th. Finally, Susquehanna reiterated a “sell” rating and set a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, January 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $110.60.
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.
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