Quantinno Capital Management LP Grows Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Quantinno Capital Management LP increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 28.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,908 shares of the semiconductor company's stock after purchasing an additional 14,509 shares during the period. Quantinno Capital Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $13,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $27,000. Accredited Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $31,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $29,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $194.19 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $133.57 and a 12 month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $166.49 and a 200 day moving average price of $187.47. The stock has a market cap of $1.01 trillion, a PE ratio of 27.58, a P/E/G ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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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