Resolute Capital Asset Partners LLC bought a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the semiconductor company’s stock, valued at approximately $4,150,000. Taiwan Semiconductor Manufacturing comprises about 2.3% of Resolute Capital Asset Partners LLC’s holdings, making the stock its 13th largest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Heartland Consultants Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.2% during the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 50 shares during the last quarter. Formidable Asset Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company’s stock valued at $317,000 after acquiring an additional 50 shares during the last quarter. Connecticut Wealth Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company’s stock valued at $1,465,000 after acquiring an additional 55 shares during the last quarter. Brown Shipley& Co Ltd lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 1st quarter. Brown Shipley& Co Ltd now owns 3,926 shares of the semiconductor company’s stock valued at $652,000 after buying an additional 55 shares in the last quarter. Finally, WealthCollab LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 6.7% during the 4th quarter. WealthCollab LLC now owns 891 shares of the semiconductor company’s stock valued at $176,000 after buying an additional 56 shares in the last quarter. 16.51% of the stock is owned by institutional investors.
Taiwan Semiconductor Manufacturing Trading Up 2.6%
Shares of Taiwan Semiconductor Manufacturing stock opened at $233.2060 on Friday. The company’s fifty day simple moving average is $232.56 and its 200-day simple moving average is $198.86. The stock has a market capitalization of $1.21 trillion, a PE ratio of 26.59, a P/E/G ratio of 1.08 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $248.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15.
Wall Street Analyst Weigh In
Several research firms have issued reports on TSM. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a “positive” rating in a research note on Monday, July 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Barclays reaffirmed an “overweight” rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $258.33.
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.
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