ABN Amro Investment Solutions acquired a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 189,539 shares of the semiconductor company’s stock, valued at approximately $42,929,000.
A number of other institutional investors have also modified their holdings of TSM. Smithfield Trust Co grew its position in Taiwan Semiconductor Manufacturing by 22.8% in the second quarter. Smithfield Trust Co now owns 6,777 shares of the semiconductor company’s stock valued at $1,538,000 after acquiring an additional 1,259 shares in the last quarter. Better Money Decisions LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $217,000. Cherokee Insurance Co acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $1,248,000. Breed s Hill Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $250,000. Finally, Renasant Bank increased its stake in Taiwan Semiconductor Manufacturing by 10.1% during the 2nd quarter. Renasant Bank now owns 2,515 shares of the semiconductor company’s stock worth $570,000 after buying an additional 231 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Trading Down 0.3%
Shares of NYSE TSM opened at $290.16 on Thursday. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $311.37. The business has a 50-day moving average price of $283.67 and a two-hundred day moving average price of $240.40. The firm has a market capitalization of $1.50 trillion, a PE ratio of 29.76, a PEG ratio of 1.02 and a beta of 1.31.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on TSM shares. Weiss Ratings cut shares of Taiwan Semiconductor Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Itau BBA Securities initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They set an “outperform” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Finally, Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a report on Friday, October 10th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $371.67.
View Our Latest Stock Report on Taiwan Semiconductor Manufacturing
About Taiwan Semiconductor Manufacturing
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.
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