BBVA USA Bancshares Inc. Takes $1.74 Million Position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

BBVA USA Bancshares Inc. acquired a new stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 37,343 shares of the semiconductor company’s stock, valued at approximately $1,736,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in TSM. Ballentine Partners LLC boosted its holdings in shares of Taiwan Semiconductor Mfg. by 2.0% during the 3rd quarter. Ballentine Partners LLC now owns 11,804 shares of the semiconductor company’s stock worth $549,000 after buying an additional 236 shares during the period. Pinnacle Bank boosted its holdings in shares of Taiwan Semiconductor Mfg. by 16.4% during the 3rd quarter. Pinnacle Bank now owns 1,799 shares of the semiconductor company’s stock worth $84,000 after buying an additional 254 shares during the period. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Taiwan Semiconductor Mfg. by 2.8% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 9,467 shares of the semiconductor company’s stock worth $371,000 after buying an additional 257 shares during the period. First Personal Financial Services boosted its holdings in shares of Taiwan Semiconductor Mfg. by 0.3% during the 3rd quarter. First Personal Financial Services now owns 78,155 shares of the semiconductor company’s stock worth $3,633,000 after buying an additional 260 shares during the period. Finally, Armor Investment Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Mfg. by 0.8% during the 2nd quarter. Armor Investment Advisors LLC now owns 34,465 shares of the semiconductor company’s stock worth $1,350,000 after buying an additional 273 shares during the period. 19.16% of the stock is owned by institutional investors.

Shares of TSM stock opened at $52.15 on Wednesday. The company has a market capitalization of $273.98 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 1.62. The company has a 50-day simple moving average of $49.55 and a 200 day simple moving average of $43.52. Taiwan Semiconductor Mfg. Co. Ltd. has a 52 week low of $34.22 and a 52 week high of $54.37.

TSM has been the subject of several research analyst reports. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 target price for the company in a report on Saturday, August 3rd. Goldman Sachs Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Taiwan Semiconductor Mfg. in a report on Monday, September 30th. Morgan Stanley raised shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Wednesday, September 4th. CLSA raised shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a report on Friday, July 19th. Finally, ValuEngine downgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $51.00.

Taiwan Semiconductor Mfg. Company 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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