Candriam Luxembourg S.C.A. Has $59,000 Stock Position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Candriam Luxembourg S.C.A. raised its holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 26.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,270,878 shares of the semiconductor company’s stock after acquiring an additional 264,585 shares during the period. Taiwan Semiconductor Mfg. comprises approximately 0.7% of Candriam Luxembourg S.C.A.’s holdings, making the stock its 21st biggest position. Candriam Luxembourg S.C.A.’s holdings in Taiwan Semiconductor Mfg. were worth $59,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in Taiwan Semiconductor Mfg. by 65.2% during the second quarter. Renaissance Technologies LLC now owns 14,302,152 shares of the semiconductor company’s stock worth $560,215,000 after acquiring an additional 5,643,870 shares in the last quarter. Man Group plc boosted its stake in Taiwan Semiconductor Mfg. by 225.9% during the second quarter. Man Group plc now owns 4,407,316 shares of the semiconductor company’s stock worth $172,635,000 after acquiring an additional 3,055,062 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Taiwan Semiconductor Mfg. by 128.8% during the second quarter. Janus Henderson Group PLC now owns 5,352,290 shares of the semiconductor company’s stock worth $209,624,000 after acquiring an additional 3,012,657 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 3,765.0% in the second quarter. Thoroughbred Financial Services LLC now owns 2,309,198 shares of the semiconductor company’s stock valued at $230,920,000 after buying an additional 2,249,451 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Taiwan Semiconductor Mfg. by 66.4% in the second quarter. Van ECK Associates Corp now owns 3,386,747 shares of the semiconductor company’s stock valued at $132,659,000 after buying an additional 1,350,850 shares in the last quarter. Hedge funds and other institutional investors own 19.07% of the company’s stock.

A number of research analysts have weighed in on TSM shares. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Saturday, August 3rd. ValuEngine lowered shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Taiwan Semiconductor Mfg. in a research note on Monday, September 30th. CLSA raised shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday, July 19th. Finally, Morgan Stanley upgraded shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Taiwan Semiconductor Mfg. has a consensus rating of “Buy” and an average target price of $51.00.

Shares of TSM traded up $0.32 during mid-day trading on Monday, reaching $49.60. The company’s stock had a trading volume of 56,915 shares, compared to its average volume of 9,373,518. The stock has a market cap of $258.01 billion, a PE ratio of 22.15, a P/E/G ratio of 3.33 and a beta of 1.02. The company has a current ratio of 1.62, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03. Taiwan Semiconductor Mfg. Co. Ltd. has a 52 week low of $34.22 and a 52 week high of $51.21. The company’s fifty day moving average price is $45.74 and its two-hundred day moving average price is $42.48.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The business had revenue of $241 billion during the quarter, compared to the consensus estimate of $236.65 billion. Taiwan Semiconductor Mfg. had a return on equity of 19.80% and a net margin of 31.58%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.79 earnings per share. Research analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.14 EPS for the current year.

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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