Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Point72 Italy S.r.l.’s 7th Largest Position

Point72 Italy S.r.l. cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 74.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 47,269 shares of the semiconductor company’s stock after selling 139,601 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 5.2% of Point72 Italy S.r.l.’s portfolio, making the stock its 7th largest holding. Point72 Italy S.r.l.’s holdings in Taiwan Semiconductor Manufacturing were worth $9,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of TSM. Mount Yale Investment Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 4.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after acquiring an additional 1,476 shares during the last quarter. McHugh Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $605,000. OLD National Bancorp IN boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after acquiring an additional 2,368 shares during the last quarter. Guardian Partners Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $9,222,000. Finally, Hardman Johnston Global Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after buying an additional 26,847 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSM has been the subject of a number of recent research reports. Barclays reiterated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, StockNews.com lowered 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Trading Up 0.1%

NYSE TSM opened at $194.19 on Thursday. The stock has a market cap of $1.01 trillion, a PE ratio of 27.58, a PEG ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $133.57 and a 12 month high of $226.40. The company’s 50-day moving average price is $166.49 and its 200-day moving average price is $187.47. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Company 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.