Cookson Peirce & Co. Inc. Sells 2,265 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Cookson Peirce & Co. Inc. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 0.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 484,184 shares of the semiconductor company's stock after selling 2,265 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 4.0% of Cookson Peirce & Co. Inc.'s holdings, making the stock its biggest position. Cookson Peirce & Co. Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $80,375,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TSM. Accredited Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. City Holding Co. grew its stake in Taiwan Semiconductor Manufacturing by 238.0% during the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after buying an additional 119 shares in the last quarter. Signature Resources Capital Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 138.8% in the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after buying an additional 111 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. Finally, Vision Financial Markets LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at about $33,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 1.1%

Shares of NYSE:TSM opened at $241.51 on Thursday. The firm has a market cap of $1.25 trillion, a P/E ratio of 27.54, a P/E/G ratio of 1.18 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $248.28. The business has a fifty day simple moving average of $229.05 and a 200 day simple moving average of $197.31. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The company had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. The firm's quarterly revenue was up 44.4% on a year-over-year basis. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About Taiwan Semiconductor Manufacturing

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.

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