Northwest & Ethical Investments L.P. Has $9.38 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Northwest & Ethical Investments L.P. has decreased its position in Taiwan Semiconductor Manufacturing Company, owning 56,510 shares worth approximately $9.38 million after selling 19,469 shares.
• Multiple institutional investors, including First Heartland Consultants Inc. and Formidable Asset Management LLC, have increased their stakes in Taiwan Semiconductor Manufacturing, reflecting growing interest in the company.
• Taiwan Semiconductor reported an impressive 9.2% earnings per share forecast for the current year, with Q2 earnings surpassing analyst estimates by 15.7%, showcasing strong financial performance.

Northwest & Ethical Investments L.P. lowered its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 25.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,510 shares of the semiconductor company's stock after selling 19,469 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Taiwan Semiconductor Manufacturing were worth $9,379,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TSM. First Heartland Consultants Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after purchasing an additional 50 shares during the period. Formidable Asset Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after purchasing an additional 50 shares during the period. Connecticut Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after purchasing an additional 55 shares during the period. WealthCollab LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 6.7% in the fourth quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock valued at $176,000 after purchasing an additional 56 shares during the period. Finally, WealthPlan Investment Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 3.2% in the first quarter. WealthPlan Investment Management LLC now owns 1,847 shares of the semiconductor company's stock valued at $307,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TSM. Citigroup reissued 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 research report on Monday, July 14th. Barclays reaffirmed an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. 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, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $238.97 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $248.28. The firm has a market cap of $1.24 trillion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 1.16 and a beta of 1.19. The firm's 50-day simple moving average is $230.48 and its 200 day simple moving average is $197.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.15 and a current ratio of 2.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results 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 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 period last year, the firm earned $1.48 earnings per share. Taiwan Semiconductor Manufacturing's revenue for the quarter was up 44.4% compared to the same quarter last year. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share 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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