Heritage Wealth Partners LLC raised its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 17.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,335 shares of the semiconductor company’s stock after purchasing an additional 346 shares during the quarter. Heritage Wealth Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $388,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. First Heartland Consultants Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.2% during the 4th quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 50 shares during the period. Formidable Asset Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% during the 4th quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 50 shares during the period. Connecticut Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 4th quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company’s stock worth $1,465,000 after purchasing an additional 55 shares during the period. Brown Shipley& Co Ltd increased its holdings 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 worth $652,000 after purchasing an additional 55 shares during the period. Finally, WealthCollab LLC increased its holdings 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 worth $176,000 after purchasing an additional 56 shares during the period. Institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Trading Up 2.6%
Shares of Taiwan Semiconductor Manufacturing stock opened at $233.2060 on Friday. The stock has a market capitalization of $1.21 trillion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 1.08 and a beta of 1.19. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $232.56 and a 200 day simple moving average of $198.86. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $248.28.
Analyst Ratings Changes
A number of brokerages have recently issued reports on TSM. Needham & Company LLC restated a “buy” rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a “positive” rating in a research note on Monday, July 14th. Finally, Barclays restated an “overweight” rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $258.33.
View Our Latest Stock Analysis on TSM
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.
Featured Stories
- Five stocks we like better than Taiwan Semiconductor Manufacturing
- What Are Dividend Contenders? Investing in Dividend Contenders
- MarketBeat Week in Review – 08/18 – 08/22
- What is the FTSE 100 index?
- Royal Caribbean Earnings Beat Fuels Strong 2025 Outlook
- P/E Ratio Calculation: How to Assess Stocks
- Alphabet’s Breakout Potential: From Laggard to AI Leader
Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report).
Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.