Capital One National Association Reduces Stake in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Capital One National Association lowered its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,470 shares of the semiconductor company’s stock after selling 634 shares during the period. Capital One National Association’s holdings in Taiwan Semiconductor Mfg. Co. were worth $311,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in Taiwan Semiconductor Mfg. Co. by 0.8% in the first quarter. Quadrant Capital Group LLC now owns 7,830 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 63 shares during the last quarter. Commonwealth Equity Services Inc increased its stake in shares of Taiwan Semiconductor Mfg. Co. by 0.3% in the third quarter. Commonwealth Equity Services Inc now owns 30,450 shares of the semiconductor company’s stock valued at $931,000 after buying an additional 93 shares during the period. Naples Global Advisors LLC increased its stake in shares of Taiwan Semiconductor Mfg. Co. by 0.4% in the first quarter. Naples Global Advisors LLC now owns 102,750 shares of the semiconductor company’s stock valued at $3,374,000 after buying an additional 417 shares during the period. Altfest L J & Co. Inc. increased its stake in shares of Taiwan Semiconductor Mfg. Co. by 4.5% in the third quarter. Altfest L J & Co. Inc. now owns 10,788 shares of the semiconductor company’s stock valued at $330,000 after buying an additional 465 shares during the period. Finally, Atria Investments LLC increased its stake in shares of Taiwan Semiconductor Mfg. Co. by 2.9% in the first quarter. Atria Investments LLC now owns 21,491 shares of the semiconductor company’s stock valued at $706,000 after buying an additional 614 shares during the period. Institutional investors and hedge funds own 20.21% of the company’s stock.

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

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) traded up 0.57% during midday trading on Friday, reaching $35.10. The company’s stock had a trading volume of 4,604,328 shares. Taiwan Semiconductor Mfg. Co. Ltd. has a 1-year low of $23.43 and a 1-year high of $35.80. The firm has a market capitalization of $182.03 billion, a PE ratio of 15.46 and a beta of 0.88. The firm has a 50 day moving average price of $33.42 and a 200 day moving average price of $31.29.

Taiwan Semiconductor Mfg. Co. (NYSE:TSM) last issued its quarterly earnings results on Thursday, April 13th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Taiwan Semiconductor Mfg. Co. had a return on equity of 26.79% and a net margin of 35.31%. The company had revenue of $233.91 billion for the quarter, compared to analyst estimates of $237.12 billion. During the same quarter last year, the company posted $2.50 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post $2.19 EPS for the current year.

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A number of analysts have recently weighed in on TSM shares. Credit Suisse Group AG downgraded shares of Taiwan Semiconductor Mfg. Co. from an “outperform” rating to a “neutral” rating in a research report on Monday. Zacks Investment Research downgraded shares of Taiwan Semiconductor Mfg. Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Rosenblatt Securities set a $27.00 price objective on shares of Taiwan Semiconductor Mfg. Co. and gave the stock a “buy” rating in a report on Saturday, April 15th. Finally, HSBC Holdings plc raised shares of Taiwan Semiconductor Mfg. Co. from a “hold” rating to a “buy” rating in a report on Tuesday, March 7th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Taiwan Semiconductor Mfg. Co. has a consensus rating of “Hold” and a consensus target price of $30.33.

Taiwan Semiconductor Mfg. Co. Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

5 Day Chart for NYSE:TSM

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