Seaview Investment Managers LLC Raises Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Seaview Investment Managers LLC increased its stake in Taiwan Semiconductor Manufacturing Company (NYSE:TSM) by 3.3%, now holding 57,296 shares valued at approximately $9.5 million.
• Several hedge funds have also adjusted their positions, with City Holding Co. boosting its stake by 238.0% in the first quarter.
• Analysts maintain a moderate buy consensus on TSM, with a target price average of $258.33, amid recent strong earnings that exceeded expectations.

Seaview Investment Managers LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,296 shares of the semiconductor company's stock after buying an additional 1,842 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 2.9% of Seaview Investment Managers LLC's portfolio, making the stock its 19th largest position. Seaview Investment Managers LLC's holdings in Taiwan Semiconductor Manufacturing were worth $9,511,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. City Holding Co. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 238.0% in the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 119 shares during the period. Accredited Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth $31,000. Signature Resources Capital Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 138.8% in the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after buying an additional 111 shares during the last quarter. Graybill Wealth Management LTD. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $33,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $33,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Barclays reiterated an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $258.33.

Taiwan Semiconductor Manufacturing Stock Down 1.1%

Shares of NYSE:TSM opened at $241.51 on Thursday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $248.28. The company's fifty day moving average is $229.05 and its two-hundred day moving average is $197.31. 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 stock has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 1.18 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. The firm had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. Taiwan Semiconductor Manufacturing's revenue was up 44.4% on a year-over-year basis. During the same quarter last year, the company posted $1.48 earnings per share. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS 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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