Groupama Asset Managment Acquires 33,526 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

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Groupama Asset Managment grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 42.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 113,306 shares of the semiconductor company's stock after buying an additional 33,526 shares during the quarter. Groupama Asset Managment's holdings in Taiwan Semiconductor Manufacturing were worth $18,724,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TSM. Brighton Jones LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after buying an additional 1,892 shares during the last quarter. Forum Financial Management LP grew its stake in shares of Taiwan Semiconductor Manufacturing by 10.1% during the fourth quarter. Forum Financial Management LP now owns 1,425 shares of the semiconductor company's stock valued at $281,000 after buying an additional 131 shares during the last quarter. Transce3nd LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $41,000. Tradition Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 43.5% during the fourth quarter. Tradition Wealth Management LLC now owns 5,099 shares of the semiconductor company's stock valued at $1,007,000 after buying an additional 1,546 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 22.5% in the fourth 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 Stock Up 1.0%

Taiwan Semiconductor Manufacturing stock opened at $241.29 on Tuesday. The business has a fifty day moving average of $231.17 and a two-hundred day moving average of $198.02. 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 firm has a market cap of $1.25 trillion, a P/E ratio of 27.51, a P/E/G ratio of 1.16 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its 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. The company had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. Taiwan Semiconductor Manufacturing's revenue was up 44.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSM. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna boosted 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. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Barclays reiterated 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.33.

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.

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