Martin Currie Ltd. Sells 620,588 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Martin Currie Ltd. cut its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 32.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,302,777 shares of the semiconductor company's stock after selling 620,588 shares during the period. Taiwan Semiconductor Manufacturing accounts for 8.7% of Martin Currie Ltd.'s portfolio, making the stock its largest position. Martin Currie Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $216,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in TSM. Brighton Jones LLC increased its holdings 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 acquiring an additional 1,892 shares during the period. Gamco Investors INC. ET AL increased its stake in Taiwan Semiconductor Manufacturing by 69.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 4,870 shares of the semiconductor company's stock valued at $962,000 after buying an additional 2,000 shares during the period. Regal Investment Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 14.4% during the 4th quarter. Regal Investment Advisors LLC now owns 2,090 shares of the semiconductor company's stock valued at $413,000 after buying an additional 263 shares during the period. NFJ Investment Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 79.1% during the 4th quarter. NFJ Investment Group LLC now owns 6,091 shares of the semiconductor company's stock valued at $1,203,000 after buying an additional 2,690 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 4.1% during the 4th quarter. NewEdge Advisors LLC now owns 136,924 shares of the semiconductor company's stock valued at $27,041,000 after purchasing an additional 5,431 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSM. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Susquehanna raised their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Needham & Company LLC restated a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Barclays restated an "overweight" rating and set 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $241.18 on Friday. The firm has a fifty day simple moving average of $229.81 and a 200-day simple moving average of $197.64. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.18. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $248.28. The stock has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.16 and a beta of 1.19.

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

Taiwan Semiconductor Manufacturing 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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