Mawer Investment Management Ltd. Boosts Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Mawer Investment Management Ltd. increased its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 9.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,019,910 shares of the semiconductor company’s stock after buying an additional 90,510 shares during the period. Mawer Investment Management Ltd.’s holdings in Taiwan Semiconductor Mfg. were worth $39,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSM. Comerica Securities Inc. raised its holdings in Taiwan Semiconductor Mfg. by 37.9% in the fourth quarter. Comerica Securities Inc. now owns 29,380 shares of the semiconductor company’s stock worth $1,084,000 after purchasing an additional 8,067 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter worth $2,479,000. Avalon Advisors LLC raised its holdings in shares of Taiwan Semiconductor Mfg. by 0.4% during the first quarter. Avalon Advisors LLC now owns 202,665 shares of the semiconductor company’s stock worth $8,301,000 after acquiring an additional 729 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Taiwan Semiconductor Mfg. by 1.7% during the first quarter. Oppenheimer & Co. Inc. now owns 112,740 shares of the semiconductor company’s stock worth $4,617,000 after acquiring an additional 1,912 shares during the period. Finally, Northwest Bancshares Inc. raised its holdings in shares of Taiwan Semiconductor Mfg. by 7.5% during the first quarter. Northwest Bancshares Inc. now owns 72,074 shares of the semiconductor company’s stock worth $2,952,000 after acquiring an additional 5,014 shares during the period. Institutional investors and hedge funds own 19.48% of the company’s stock.

TSM stock traded down $0.91 during midday trading on Friday, hitting $41.22. The company’s stock had a trading volume of 2,786,135 shares, compared to its average volume of 6,531,206. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 2.33. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $34.22 and a twelve month high of $45.64. The company’s fifty day moving average price is $41.90 and its 200 day moving average price is $40.76. The stock has a market capitalization of $216.93 billion, a P/E ratio of 18.40, a PEG ratio of 3.30 and a beta of 1.02.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a net margin of 31.42% and a return on equity of 19.37%. The business had revenue of $241 billion during the quarter, compared to analyst estimates of $236.65 billion. During the same quarter in the previous year, the firm posted $2.79 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 EPS for the current fiscal year.

A number of equities research analysts recently commented on the stock. Goldman Sachs Group assumed coverage on shares of Taiwan Semiconductor Mfg. in a report on Tuesday, May 7th. They set a “buy” rating and a $50.00 price objective on the stock. CLSA upgraded shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a report on Friday, July 19th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Saturday, August 3rd. Finally, ValuEngine lowered shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $48.50.

Taiwan Semiconductor Mfg. Company 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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