Crossmark Global Holdings Inc. Trims Stock Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Crossmark Global Holdings Inc. lowered its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 7.7% during the third quarter, HoldingsChannel reports. The fund owned 663,497 shares of the semiconductor company’s stock after selling 55,294 shares during the quarter. Taiwan Semiconductor Mfg. comprises about 0.9% of Crossmark Global Holdings Inc.’s portfolio, making the stock its 9th largest holding. Crossmark Global Holdings Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $30,839,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Pinnacle Bank grew its position in shares of Taiwan Semiconductor Mfg. by 16.4% in the 3rd quarter. Pinnacle Bank now owns 1,799 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 254 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its position in shares of Taiwan Semiconductor Mfg. by 2.8% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 9,467 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 257 shares during the last quarter. Armor Investment Advisors LLC grew its position in shares of Taiwan Semiconductor Mfg. by 0.8% in the 2nd quarter. Armor Investment Advisors LLC now owns 34,465 shares of the semiconductor company’s stock valued at $1,350,000 after buying an additional 273 shares during the last quarter. Bailard Inc. grew its position in shares of Taiwan Semiconductor Mfg. by 0.8% in the 2nd quarter. Bailard Inc. now owns 38,765 shares of the semiconductor company’s stock valued at $1,518,000 after buying an additional 295 shares during the last quarter. Finally, Alera Investment Advisors LLC grew its position in shares of Taiwan Semiconductor Mfg. by 19.7% in the 1st quarter. Alera Investment Advisors LLC now owns 2,023 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 333 shares during the last quarter. Institutional investors and hedge funds own 19.03% of the company’s stock.

Shares of Taiwan Semiconductor Mfg. stock traded up $0.82 on Wednesday, hitting $48.68. 627,001 shares of the company’s stock traded hands, compared to its average volume of 7,902,250. Taiwan Semiconductor Mfg. Co. Ltd. has a one year low of $34.22 and a one year high of $48.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.45. The company has a fifty day moving average of $44.14 and a two-hundred day moving average of $42.03. The company has a market capitalization of $248.21 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 3.30 and a beta of 1.02.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a net margin of 31.42% and a return on equity of 19.37%. The business had revenue of $241 billion for the quarter, compared to the consensus estimate of $236.65 billion. During the same quarter in the previous year, the company earned $2.79 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.06 earnings per share for the current year.

A number of research firms have commented on TSM. Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 4th. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Saturday, August 3rd. ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. CLSA upgraded Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research report on Friday, July 19th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price target on shares of Taiwan Semiconductor Mfg. in a research report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $51.00.

Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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

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