Todd Asset Management LLC Has $20.28 Million Stock Position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Todd Asset Management LLC boosted its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 11.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 517,841 shares of the semiconductor company’s stock after buying an additional 53,912 shares during the period. Todd Asset Management LLC’s holdings in Taiwan Semiconductor Mfg. were worth $20,284,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Brand Asset Management Group Inc. acquired a new stake in Taiwan Semiconductor Mfg. during the 1st quarter worth approximately $67,000. Ferguson Wellman Capital Management Inc. raised its holdings in Taiwan Semiconductor Mfg. by 2.8% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 9,467 shares of the semiconductor company’s stock worth $371,000 after buying an additional 257 shares during the period. Bailard Inc. raised its holdings in Taiwan Semiconductor Mfg. by 0.8% during the 2nd quarter. Bailard Inc. now owns 38,765 shares of the semiconductor company’s stock worth $1,518,000 after buying an additional 295 shares during the period. American Beacon Advisors Inc. raised its holdings in Taiwan Semiconductor Mfg. by 56.9% during the 1st quarter. American Beacon Advisors Inc. now owns 822 shares of the semiconductor company’s stock worth $34,000 after buying an additional 298 shares during the period. Finally, Alera Investment Advisors LLC raised its holdings in Taiwan Semiconductor Mfg. by 19.7% during the 1st quarter. Alera Investment Advisors LLC now owns 2,023 shares of the semiconductor company’s stock worth $83,000 after buying an additional 333 shares during the period. Hedge funds and other institutional investors own 19.48% of the company’s stock.

Shares of NYSE TSM traded down $1.18 during midday trading on Friday, reaching $40.95. The company’s stock had a trading volume of 6,732,795 shares, compared to its average volume of 6,370,413. The company has a current ratio of 1.62, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. Taiwan Semiconductor Mfg. Co. Ltd. has a fifty-two week low of $34.22 and a fifty-two week high of $45.64. The stock has a market capitalization of $212.37 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 3.35 and a beta of 1.02. The stock has a 50 day simple moving average of $41.92 and a 200-day simple moving average of $40.77.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ 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 last year, the business earned $2.79 earnings per share. Taiwan Semiconductor Mfg.’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 EPS for the current year.

Several brokerages have commented on TSM. 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 objective on the stock in a report on Saturday, August 3rd. Goldman Sachs Group assumed coverage on shares of Taiwan Semiconductor Mfg. in a report on Tuesday, May 7th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, ValuEngine downgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report 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’s stock. The company currently has an average rating of “Buy” and a consensus price target of $48.50.

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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