Boston Partners Sells 58,296 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Boston Partners decreased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 88.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,270 shares of the semiconductor company’s stock after selling 58,296 shares during the quarter. Boston Partners’ holdings in Taiwan Semiconductor Manufacturing were worth $1,207,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TSM. Brighton Jones LLC boosted its position in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after buying an additional 1,892 shares in the last quarter. Forum Financial Management LP boosted its position in Taiwan Semiconductor Manufacturing by 10.1% in the fourth quarter. Forum Financial Management LP now owns 1,425 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 131 shares in the last quarter. Capital Research Global Investors boosted its position in Taiwan Semiconductor Manufacturing by 1.0% in the fourth quarter. Capital Research Global Investors now owns 1,735,432 shares of the semiconductor company’s stock valued at $342,898,000 after buying an additional 17,288 shares in the last quarter. Mirabella Financial Services LLP boosted its position in Taiwan Semiconductor Manufacturing by 0.5% in the fourth quarter. Mirabella Financial Services LLP now owns 57,056 shares of the semiconductor company’s stock valued at $11,266,000 after buying an additional 272 shares in the last quarter. Finally, Seaview Investment Managers LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $10,952,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $238.97 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $248.28. The firm’s 50 day moving average is $230.48 and its 200-day moving average is $197.79. The firm has a market capitalization of $1.24 trillion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.16 and a beta of 1.19. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The company had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same period in the prior year, the business earned $1.48 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 44.4% on a year-over-year basis. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on TSM. Barclays restated an “overweight” rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research report on Monday, July 14th. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.33.

Taiwan Semiconductor Manufacturing 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.