Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Shares Bought by Maple Brown Abbott Ltd

Maple Brown Abbott Ltd boosted its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 244.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,188,922 shares of the semiconductor company’s stock after purchasing an additional 1,553,539 shares during the quarter. Taiwan Semiconductor Mfg. comprises about 7.7% of Maple Brown Abbott Ltd’s investment portfolio, making the stock its 5th largest holding. Maple Brown Abbott Ltd’s holdings in Taiwan Semiconductor Mfg. were worth $96,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Augustine Asset Management Inc. increased its holdings in shares of Taiwan Semiconductor Mfg. by 1.8% in the second quarter. Augustine Asset Management Inc. now owns 151,127 shares of the semiconductor company’s stock worth $5,525,000 after acquiring an additional 2,627 shares in the last quarter. Confluence Investment Management LLC bought a new stake in shares of Taiwan Semiconductor Mfg. in the second quarter worth about $730,000. Trust Department MB Financial Bank N A bought a new stake in shares of Taiwan Semiconductor Mfg. in the second quarter worth about $1,457,000. Bank of Montreal Can bought a new stake in shares of Taiwan Semiconductor Mfg. in the second quarter worth about $45,806,000. Finally, Scout Investments Inc. increased its holdings in shares of Taiwan Semiconductor Mfg. by 13.0% in the second quarter. Scout Investments Inc. now owns 168,275 shares of the semiconductor company’s stock worth $6,152,000 after acquiring an additional 19,420 shares in the last quarter. Institutional investors and hedge funds own 19.18% of the company’s stock.

NYSE:TSM opened at $38.70 on Friday. The company has a quick ratio of 1.86, a current ratio of 2.07 and a debt-to-equity ratio of 0.06. The stock has a market cap of $200.86 billion, a P/E ratio of 17.83, a PEG ratio of 1.18 and a beta of 1.16. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $35.35 and a 52-week high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 18th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The business had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $257.92 billion. Taiwan Semiconductor Mfg. had a return on equity of 22.57% and a net margin of 34.38%. Taiwan Semiconductor Mfg.’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $3.47 earnings per share. On average, research analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 earnings per share for the current year.

Several brokerages have issued reports on TSM. ValuEngine downgraded Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 18th. Finally, Nomura upgraded Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a report on Thursday, July 19th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target 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.

Further Reading: Return on Equity (ROE)

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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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