Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 3.2% during the first quarter, Holdings Channel reports. The fund owned 1,616,193 shares of the semiconductor company’s stock after buying an additional 49,580 shares during the period. Ameriprise Financial Inc.’s holdings in Taiwan Semiconductor Mfg. Co. were worth $53,071,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. purchased a new stake in shares of Taiwan Semiconductor Mfg. Co. during the fourth quarter valued at $486,010,000. AQR Capital Management LLC increased its stake in shares of Taiwan Semiconductor Mfg. Co. by 27.0% in the fourth quarter. AQR Capital Management LLC now owns 16,483,672 shares of the semiconductor company’s stock valued at $473,906,000 after buying an additional 3,503,360 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Taiwan Semiconductor Mfg. Co. during the third quarter valued at $104,247,000. Equity Investment Corp Acquisition Inc purchased a new stake in shares of Taiwan Semiconductor Mfg. Co. during the fourth quarter valued at $68,966,000. Finally, Northcape Capital Pty Ltd purchased a new stake in shares of Taiwan Semiconductor Mfg. Co. during the fourth quarter valued at $66,944,000. 20.21% of the stock is currently owned by institutional investors.

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

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) traded up 0.86% during midday trading on Friday, hitting $35.20. 7,283,300 shares of the stock traded hands. The company has a 50-day moving average price of $33.42 and a 200 day moving average price of $31.29. Taiwan Semiconductor Mfg. Co. Ltd. has a one year low of $23.43 and a one year high of $35.80. The stock has a market cap of $182.55 billion, a price-to-earnings ratio of 15.51 and a beta of 0.88.

Taiwan Semiconductor Mfg. Co. (NYSE:TSM) last posted its 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. The firm had revenue of $233.91 billion for the quarter, compared to the consensus estimate of $237.12 billion. Taiwan Semiconductor Mfg. Co. had a net margin of 35.31% and a return on equity of 26.79%. The company’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $2.50 EPS. Equities research analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post $2.19 earnings per share for the current year.

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Several equities research analysts have weighed in on TSM shares. HSBC Holdings plc upgraded shares of Taiwan Semiconductor Mfg. Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, March 7th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. Co. from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Saturday, March 18th. Rosenblatt Securities set a $27.00 target price on shares of Taiwan Semiconductor Mfg. Co. and gave the company a “buy” rating in a research note on Saturday, April 15th. Finally, Credit Suisse Group AG downgraded shares of Taiwan Semiconductor Mfg. Co. from an “outperform” rating to a “neutral” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target 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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