Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 256.3% during the 4th quarter, HoldingsChannel reports. The firm owned 34,990 shares of the semiconductor company’s stock after acquiring an additional 25,169 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Taiwan Semiconductor Mfg. were worth $1,387,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TSM. People s United Financial Inc. boosted its position in shares of Taiwan Semiconductor Mfg. by 3.3% during the 2nd quarter. People s United Financial Inc. now owns 8,056 shares of the semiconductor company’s stock worth $282,000 after purchasing an additional 254 shares in the last quarter. Prudential PLC boosted its position in shares of Taiwan Semiconductor Mfg. by 14.6% during the 2nd quarter. Prudential PLC now owns 209,955 shares of the semiconductor company’s stock worth $7,340,000 after purchasing an additional 26,799 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Taiwan Semiconductor Mfg. by 11.1% during the 2nd quarter. Earnest Partners LLC now owns 1,806,208 shares of the semiconductor company’s stock worth $63,145,000 after purchasing an additional 179,946 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of Taiwan Semiconductor Mfg. during the 2nd quarter worth $525,000. Finally, Assetmark Inc. boosted its position in shares of Taiwan Semiconductor Mfg. by 8.2% during the 2nd quarter. Assetmark Inc. now owns 167,174 shares of the semiconductor company’s stock worth $5,844,000 after purchasing an additional 12,602 shares in the last quarter. Institutional investors own 19.46% of the company’s stock.

Several brokerages have commented on TSM. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research downgraded Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Daiwa Capital Markets downgraded Taiwan Semiconductor Mfg. from an “outperform” rating to a “hold” rating in a research note on Thursday, October 19th. HSBC raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Morgan Stanley downgraded Taiwan Semiconductor Mfg. from an “overweight” rating to an “equal weight” rating in a research note on Monday, November 27th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Taiwan Semiconductor Mfg. currently has an average rating of “Hold” and an average target price of $37.50.

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) opened at $44.51 on Monday. The stock has a market capitalization of $230,800.00, a price-to-earnings ratio of 19.69, a PEG ratio of 1.20 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.11 and a current ratio of 2.36. Taiwan Semiconductor Mfg. Co. Ltd. has a one year low of $30.17 and a one year high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.15 billion. Taiwan Semiconductor Mfg. had a return on equity of 24.18% and a net margin of 35.08%. research analysts forecast that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.48 earnings per share for the current fiscal year.

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About Taiwan Semiconductor Mfg.

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.

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

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