Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 50.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 539,656 shares of the semiconductor company’s stock after buying an additional 181,132 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $23,830,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Stratos Wealth Partners LTD. purchased a new position in Taiwan Semiconductor Mfg. during the 3rd quarter valued at about $114,000. Gamble Jones Investment Counsel purchased a new position in Taiwan Semiconductor Mfg. during the 3rd quarter valued at about $115,000. Flagship Harbor Advisors LLC purchased a new position in Taiwan Semiconductor Mfg. during the 2nd quarter valued at about $120,000. First Hawaiian Bank purchased a new position in Taiwan Semiconductor Mfg. during the 3rd quarter valued at about $124,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in Taiwan Semiconductor Mfg. during the 3rd quarter valued at about $140,000. 19.18% of the stock is owned by institutional investors and hedge funds.

TSM opened at $35.96 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.34 and a current ratio of 2.67. 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 market cap of $186.49 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.09 and a beta of 1.16.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its earnings results on Thursday, October 18th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. Taiwan Semiconductor Mfg. had a return on equity of 22.62% and a net margin of 34.38%. The firm had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $257.92 billion. During the same period in the previous year, the firm earned $3.47 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 EPS for the current year.

TSM has been the subject of a number of recent analyst reports. ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Saturday, August 18th. Zacks Investment Research downgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a research report on Thursday, August 23rd. Finally, Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 18th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Taiwan Semiconductor Mfg. presently has a consensus rating of “Buy” and an average price target of $46.00.

COPYRIGHT VIOLATION NOTICE: “Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Holdings Lifted by PNC Financial Services Group Inc.” was originally reported by WKRB News and is the property of of WKRB News. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.wkrb13.com/2018/11/26/taiwan-semiconductor-mfg-co-ltd-tsm-holdings-lifted-by-pnc-financial-services-group-inc.html.

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: How Does the Quiet Period Work?

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 Mfg. Co. Ltd. (NYSE:TSM).

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

Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply