Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Holdings Decreased by Point72 Europe London LLP

Point72 Europe London LLP cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,300 shares of the semiconductor company's stock after selling 36,481 shares during the quarter. Point72 Europe London LLP's holdings in Taiwan Semiconductor Manufacturing were worth $14,871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Polar Asset Management Partners Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 25.6% during the 4th quarter. Polar Asset Management Partners Inc. now owns 72,600 shares of the semiconductor company's stock worth $14,338,000 after acquiring an additional 14,800 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Taiwan Semiconductor Manufacturing by 28.2% during the 4th quarter. Quantinno Capital Management LP now owns 65,908 shares of the semiconductor company's stock worth $13,016,000 after acquiring an additional 14,509 shares during the last quarter. Pathstone Holdings LLC increased its position in Taiwan Semiconductor Manufacturing by 2.4% in the fourth quarter. Pathstone Holdings LLC now owns 160,929 shares of the semiconductor company's stock worth $31,809,000 after purchasing an additional 3,738 shares during the period. MY.Alpha Management HK Advisors Ltd increased its stake in shares of Taiwan Semiconductor Manufacturing by 109.9% in the 4th quarter. MY.Alpha Management HK Advisors Ltd now owns 103,980 shares of the semiconductor company's stock valued at $20,535,000 after acquiring an additional 54,438 shares during the last quarter. Finally, Newbrook Capital Advisors LP acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $36,285,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on TSM. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $194.19 on Thursday. The stock has a market capitalization of $1.01 trillion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business's 50 day simple moving average is $166.49 and its two-hundred day simple moving average is $187.47.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.