Brooklyn Investment Group Increases Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Brooklyn Investment Group grew its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 246.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,212 shares of the semiconductor company's stock after buying an additional 6,552 shares during the quarter. Brooklyn Investment Group's holdings in Taiwan Semiconductor Manufacturing were worth $1,529,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TSM. Brighton Jones LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after buying an additional 1,892 shares in the last quarter. Forum Financial Management LP increased its stake in shares of Taiwan Semiconductor Manufacturing by 10.1% during the 4th quarter. Forum Financial Management LP now owns 1,425 shares of the semiconductor company's stock valued at $281,000 after acquiring an additional 131 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% during the 4th quarter. Capital Research Global Investors now owns 1,735,432 shares of the semiconductor company's stock valued at $342,898,000 after acquiring an additional 17,288 shares during the last quarter. Mirabella Financial Services LLP increased its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% during the 4th quarter. Mirabella Financial Services LLP now owns 57,056 shares of the semiconductor company's stock valued at $11,266,000 after acquiring an additional 272 shares during the last quarter. Finally, Seaview Investment Managers LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $10,952,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Stock Down 0.8%

TSM stock opened at $238.97 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $248.28. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.24 trillion, a P/E ratio of 27.25, a PEG ratio of 1.16 and a beta of 1.19. The firm has a 50 day simple moving average of $230.48 and a 200-day simple moving average of $197.79.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The business had revenue of $30.07 billion during the quarter, compared to the consensus estimate of $28.50 billion. During the same quarter last year, the company earned $1.48 earnings per share. The business's quarterly revenue was up 44.4% compared to the same quarter last year. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Company Profile

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.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.