Mawer Investment Management Ltd. Buys 6,348 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mawer Investment Management Ltd. increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 271,673 shares of the semiconductor company's stock after acquiring an additional 6,348 shares during the quarter. Mawer Investment Management Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $28,254,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of Taiwan Semiconductor Manufacturing by 29.6% in the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company's stock valued at $1,285,736,000 after buying an additional 3,381,514 shares during the period. Morgan Stanley grew its stake in Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company's stock valued at $2,068,583,000 after acquiring an additional 2,400,882 shares during the period. Lone Pine Capital LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 21.7% during the third quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company's stock valued at $677,833,000 after acquiring an additional 1,389,785 shares in the last quarter. American Century Companies Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 56.2% during the third quarter. American Century Companies Inc. now owns 3,473,637 shares of the semiconductor company's stock worth $301,859,000 after purchasing an additional 1,250,290 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 44.1% in the 3rd quarter. Northern Trust Corp now owns 3,490,630 shares of the semiconductor company's stock worth $303,336,000 after purchasing an additional 1,068,723 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $6.47 during mid-day trading on Friday, hitting $149.26. 23,671,378 shares of the stock were exchanged, compared to its average volume of 14,594,821. The company has a market capitalization of $774.12 billion, a P/E ratio of 28.43, a P/E/G ratio of 1.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The company has a 50-day simple moving average of $139.52 and a 200 day simple moving average of $118.09. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $82.53 and a 12 month high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 25.25% and a net margin of 38.15%. The business had revenue of $18.87 billion for the quarter, compared to analysts' expectations of $18.38 billion. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent research reports. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a research note on Tuesday, April 2nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, April 18th. Needham & Company LLC restated a "buy" rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and an average target price of $157.00.

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.