Equity Investment Corp Sells 1,056,398 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

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Equity Investment Corp lessened its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 99.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,284 shares of the semiconductor company’s stock after selling 1,056,398 shares during the period. Equity Investment Corp’s holdings in Taiwan Semiconductor Mfg. were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. KCS Wealth Advisory grew its position in shares of Taiwan Semiconductor Mfg. by 5.2% in the 2nd quarter. KCS Wealth Advisory now owns 26,253 shares of the semiconductor company’s stock valued at $960,000 after buying an additional 1,296 shares during the last quarter. Cardinal Capital Management Inc. grew its position in shares of Taiwan Semiconductor Mfg. by 0.7% in the 3rd quarter. Cardinal Capital Management Inc. now owns 183,915 shares of the semiconductor company’s stock valued at $8,122,000 after buying an additional 1,340 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Taiwan Semiconductor Mfg. by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 358,524 shares of the semiconductor company’s stock valued at $13,109,000 after buying an additional 1,344 shares during the last quarter. BancorpSouth Bank grew its position in shares of Taiwan Semiconductor Mfg. by 10.3% in the 2nd quarter. BancorpSouth Bank now owns 14,906 shares of the semiconductor company’s stock valued at $545,000 after buying an additional 1,393 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of Taiwan Semiconductor Mfg. by 18.1% in the 2nd quarter. SRS Capital Advisors Inc. now owns 10,281 shares of the semiconductor company’s stock valued at $375,000 after buying an additional 1,575 shares during the last quarter. 19.18% of the stock is owned by institutional investors and hedge funds.

Shares of Taiwan Semiconductor Mfg. stock opened at $38.73 on Wednesday. Taiwan Semiconductor Mfg. Co. Ltd. has a one year low of $35.35 and a one year high of $46.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.07. The stock has a market cap of $201.12 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its earnings results on Thursday, October 18th. The semiconductor company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Taiwan Semiconductor Mfg. had a return on equity of 22.57% and a net margin of 34.38%. The company had revenue of $260.35 billion for the quarter, compared to analyst estimates of $257.92 billion. During the same quarter in the prior year, the company earned $3.47 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 earnings per share for the current fiscal year.

A number of equities research analysts have commented on TSM shares. Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 18th. ValuEngine upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Finally, Nomura upgraded Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research report on Thursday, July 19th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Taiwan Semiconductor Mfg. presently has an average rating of “Buy” and an average target price of $46.00.

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About Taiwan Semiconductor Mfg.

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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