Greenwoods Asset Management Hong Kong Ltd. Has $261.38 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

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Greenwoods Asset Management Hong Kong Ltd. lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 26.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,574,557 shares of the semiconductor company's stock after acquiring an additional 329,607 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 8.1% of Greenwoods Asset Management Hong Kong Ltd.'s holdings, making the stock its 5th largest position. Greenwoods Asset Management Hong Kong Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $261,376,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TSM. Brighton Jones LLC boosted its stake in Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after purchasing an additional 1,892 shares during the period. Forum Financial Management LP boosted its stake in 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 purchasing an additional 131 shares during the period. Transce3nd LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $41,000. Tradition Wealth Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 43.5% during the 4th quarter. Tradition Wealth Management LLC now owns 5,099 shares of the semiconductor company's stock valued at $1,007,000 after purchasing an additional 1,546 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in Taiwan Semiconductor Manufacturing by 22.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 119,780 shares of the semiconductor company's stock valued at $23,655,000 after purchasing an additional 21,990 shares during the period. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 1.0%

Taiwan Semiconductor Manufacturing stock opened at $241.29 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $248.28. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $231.17 and a two-hundred day moving average price of $198.02. The stock has a market cap of $1.25 trillion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (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 business had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. During the same period in the prior year, the firm posted $1.48 EPS. Taiwan Semiconductor Manufacturing's quarterly revenue was up 44.4% compared to the same quarter last year. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Wall Street Analyst Weigh In

TSM has been the subject of several recent research reports. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Barclays reaffirmed an "overweight" rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Susquehanna upped their price target on 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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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