Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Position Cut by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 25.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,176,353 shares of the semiconductor company’s stock after selling 1,762,010 shares during the period. Janus Henderson Group PLC’s holdings in Taiwan Semiconductor Mfg. were worth $228,564,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TSM. Stratos Wealth Partners LTD. bought a new stake in shares of Taiwan Semiconductor Mfg. during the third quarter worth about $114,000. Gamble Jones Investment Counsel bought a new stake in shares of Taiwan Semiconductor Mfg. during the third quarter worth about $115,000. Flagship Harbor Advisors LLC bought a new stake in shares of Taiwan Semiconductor Mfg. during the second quarter worth about $120,000. First Hawaiian Bank bought a new stake in shares of Taiwan Semiconductor Mfg. during the third quarter worth about $124,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Taiwan Semiconductor Mfg. during the third quarter worth about $140,000. Institutional investors and hedge funds own 19.18% of the company’s stock.

Shares of TSM stock opened at $36.17 on Friday. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $35.22 and a 52-week high of $46.57. The company has a quick ratio of 1.86, a current ratio of 2.67 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $184.83 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.08 and a beta of 1.16.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued 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. Taiwan Semiconductor Mfg. had a net margin of 34.38% and a return on equity of 22.62%. The business had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $257.92 billion. During the same period in the prior year, the firm posted $3.47 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 EPS for the current year.

TSM has been the subject of several recent research reports. Morgan Stanley raised shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 18th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a research report on Thursday, August 23rd. Finally, ValuEngine downgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Saturday, August 18th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Taiwan Semiconductor Mfg. has a consensus 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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