Credit Suisse AG lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,514,816 shares of the semiconductor company’s stock after acquiring an additional 253,973 shares during the quarter. Credit Suisse AG’s holdings in Taiwan Semiconductor Manufacturing were worth $302,355,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $25,000. LFA Lugano Financial Advisors SA bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at about $28,000. Albion Financial Group UT purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $28,000. Milestone Resources Group Ltd raised its holdings in Taiwan Semiconductor Manufacturing by 54.4% in the second quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 87 shares in the last quarter. Finally, Atlas Private Wealth Advisors lifted its position in shares of Taiwan Semiconductor Manufacturing by 202.3% during the second quarter. Atlas Private Wealth Advisors now owns 260 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 16.55% of the company’s stock.
NYSE TSM traded up $0.10 on Monday, reaching $114.33. 80,192 shares of the company’s stock traded hands, compared to its average volume of 9,907,614. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $83.16 and a fifty-two week high of $142.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.92. The firm has a market cap of $592.92 billion, a price-to-earnings ratio of 30.38, a P/E/G ratio of 1.90 and a beta of 0.89. The stock has a 50 day moving average price of $115.64 and a 200-day moving average price of $116.76.
TSM has been the subject of several recent analyst reports. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price objective for the stock from $85.00 to $105.00 in a research note on Wednesday, June 30th. Cowen began coverage on Taiwan Semiconductor Manufacturing in a research report on Monday, October 11th. They issued a “market perform” rating and a $120.00 price objective for the company. Needham & Company LLC began coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 13th. They set a “buy” rating and a $123.05 target price on the stock. Susquehanna Bancshares raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and raised their price target for the stock from $85.00 to $105.00 in a report on Wednesday, June 30th. Finally, Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Thursday, September 16th. Six 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 has a consensus rating of “Hold” and a consensus target price of $126.76.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
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