Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Shares Sold by Scout Investments Inc.

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Scout Investments Inc. decreased its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 17.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 139,164 shares of the semiconductor company’s stock after selling 29,111 shares during the quarter. Scout Investments Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $6,145,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TSM. LFA Lugano Financial Advisors SA bought a new position in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at $140,000. Flagship Harbor Advisors LLC bought a new position in shares of Taiwan Semiconductor Mfg. during the 2nd quarter valued at $120,000. Bank of Stockton bought a new position in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at $214,000. Bremer Trust National Association bought a new position in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at $217,000. Finally, We Are One Seven LLC bought a new position in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at $225,000. Institutional investors own 19.16% of the company’s stock.

Taiwan Semiconductor Mfg. stock opened at $38.54 on Friday. The firm has a market cap of $205.21 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.17 and a beta of 1.07. The company has a current ratio of 2.07, a quick ratio of 1.86 and a debt-to-equity ratio of 0.06. Taiwan Semiconductor Mfg. Co. Ltd. has a 1-year low of $35.35 and a 1-year high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its earnings results on Thursday, July 19th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Taiwan Semiconductor Mfg. had a net margin of 34.74% and a return on equity of 23.10%. The business had revenue of $233.28 billion for the quarter, compared to analyst estimates of $230.77 billion. During the same period last year, the business posted $2.56 EPS. Taiwan Semiconductor Mfg.’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.25 EPS for the current year.

A number of research analysts have recently weighed in on TSM shares. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Wednesday, July 25th. Nomura upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. Morgan Stanley upgraded shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 18th. Finally, Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a report on Monday, July 2nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.00.

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.

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

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