Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Acquired by Greenwoods Asset Management Hong Kong Ltd.

Greenwoods Asset Management Hong Kong Ltd. lifted its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 26.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,574,557 shares of the semiconductor company’s stock after buying an additional 329,607 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 8.1% of Greenwoods Asset Management Hong Kong Ltd.’s holdings, making the stock its 5th largest holding. Greenwoods Asset Management Hong Kong Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $261,376,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in Taiwan Semiconductor Manufacturing by 55.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,306,108 shares of the semiconductor company’s stock worth $2,872,814,000 after acquiring an additional 6,180,445 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Taiwan Semiconductor Manufacturing by 67.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company’s stock worth $2,047,065,000 after acquiring an additional 4,158,772 shares during the last quarter. Nuveen LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $482,676,000. Jennison Associates LLC grew its position in Taiwan Semiconductor Manufacturing by 36.8% during the 1st quarter. Jennison Associates LLC now owns 9,509,032 shares of the semiconductor company’s stock worth $1,578,499,000 after acquiring an additional 2,559,512 shares during the last quarter. Finally, Sarasin & Partners LLP bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $362,773,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 1.0%

Shares of TSM opened at $241.29 on Tuesday. The firm has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 27.51, a PEG ratio of 1.16 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.15 and a current ratio of 2.37. The business’s fifty day moving average price is $231.17 and its two-hundred day moving average price is $198.02. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $248.28.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays restated an “overweight” rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a “positive” rating in a research report on Monday, July 14th. Citigroup reiterated 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 issued a $270.00 price objective 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.