Pzena Investment Management LLC Has $18,046,000 Position in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Pzena Investment Management LLC continued to hold its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) during the first quarter, Holdings Channel reports. The institutional investor owned 549,525 shares of the semiconductor company’s stock at the end of the first quarter. Pzena Investment Management LLC’s holdings in Taiwan Semiconductor Mfg. Co. were worth $18,046,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TSM. Advisors Preferred LLC acquired a new stake in Taiwan Semiconductor Mfg. Co. during the third quarter valued at about $120,000. Advisory Services Network LLC acquired a new stake in Taiwan Semiconductor Mfg. Co. during the first quarter valued at about $184,000. SRS Capital Advisors Inc. acquired a new stake in Taiwan Semiconductor Mfg. Co. during the fourth quarter valued at about $175,000. Foster & Motley Inc. acquired a new stake in Taiwan Semiconductor Mfg. Co. during the first quarter valued at about $214,000. Finally, Coconut Grove Bank raised its stake in Taiwan Semiconductor Mfg. Co. by 129.1% in the first quarter. Coconut Grove Bank now owns 7,240 shares of the semiconductor company’s stock valued at $238,000 after buying an additional 4,080 shares in the last quarter. 20.21% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. Co. (NYSE:TSM)

Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) traded up 0.86% during midday trading on Friday, reaching $35.20. The company’s stock had a trading volume of 7,283,300 shares. The company has a market cap of $182.55 billion, a PE ratio of 15.51 and a beta of 0.88. Taiwan Semiconductor Mfg. Co. Ltd. has a 12 month low of $23.43 and a 12 month high of $35.80. The company’s 50-day moving average price is $33.42 and its 200-day moving average price is $31.29.

Taiwan Semiconductor Mfg. Co. (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 13th. The semiconductor company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. Taiwan Semiconductor Mfg. Co. had a net margin of 35.31% and a return on equity of 26.79%. The firm had revenue of $233.91 billion during the quarter, compared to the consensus estimate of $237.12 billion. During the same quarter last year, the firm earned $2.50 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post $2.19 EPS for the current fiscal year.

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Several equities research analysts recently issued reports on the company. Credit Suisse Group AG lowered Taiwan Semiconductor Mfg. Co. from an “outperform” rating to a “neutral” rating in a research note on Monday. Rosenblatt Securities set a $27.00 price objective on Taiwan Semiconductor Mfg. Co. and gave the company a “buy” rating in a research note on Saturday, April 15th. Zacks Investment Research lowered Taiwan Semiconductor Mfg. Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Finally, HSBC Holdings plc raised Taiwan Semiconductor Mfg. Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, March 7th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Taiwan Semiconductor Mfg. Co. currently has a consensus rating of “Hold” and an average target price of $30.33.

About Taiwan Semiconductor Mfg. Co.

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

5 Day Chart for NYSE:TSM

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