MIG Capital LLC Takes $525,000 Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

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MIG Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,161 shares of the semiconductor company's stock, valued at approximately $525,000.

Several other large investors have also modified their holdings of the business. Matthew 25 Management Corp acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $3,320,000. Senator Investment Group LP grew its position in shares of Taiwan Semiconductor Manufacturing by 2,212.9% in the first quarter. Senator Investment Group LP now owns 209,038 shares of the semiconductor company's stock valued at $34,700,000 after purchasing an additional 200,000 shares during the last quarter. Bank OZK lifted its stake in shares of Taiwan Semiconductor Manufacturing by 18.5% during the first quarter. Bank OZK now owns 24,283 shares of the semiconductor company's stock valued at $4,031,000 after buying an additional 3,787 shares during the period. Quantbot Technologies LP lifted its stake in shares of Taiwan Semiconductor Manufacturing by 452.2% during the first quarter. Quantbot Technologies LP now owns 47,425 shares of the semiconductor company's stock valued at $7,873,000 after buying an additional 38,837 shares during the period. Finally, RWA Wealth Partners LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.8% during the first quarter. RWA Wealth Partners LLC now owns 55,572 shares of the semiconductor company's stock valued at $9,225,000 after buying an additional 966 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $241.29 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $248.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.15 and a current ratio of 2.37. The company has a 50 day moving average price of $231.17 and a 200 day moving average price of $198.02. The firm has a market capitalization 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 quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. During the same quarter in the prior year, the business posted $1.48 earnings per share. Taiwan Semiconductor Manufacturing's revenue for the quarter was up 44.4% compared to the same quarter last year. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

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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