Steward Partners Investment Advisory LLC Purchases 19,889 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Steward Partners Investment Advisory LLC raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 34.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,987 shares of the semiconductor company's stock after buying an additional 19,889 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Taiwan Semiconductor Manufacturing were worth $12,946,000 at the end of the most recent reporting period.

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

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $238.97 on Monday. The firm has a market capitalization 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. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $248.28. The stock has a fifty day moving average of $230.48 and a 200 day moving average of $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 posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm's quarterly revenue was up 44.4% on a year-over-year basis. During the same quarter last year, the company earned $1.48 earnings per share. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TSM shares. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. 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 report on Tuesday, June 3rd. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Susquehanna upped their target price 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and an average target price 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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