Legato Capital Management LLC Makes New Investment in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Legato Capital Management LLC purchased a new position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 93,300 shares of the semiconductor company’s stock, valued at approximately $4,701,000.

A number of other institutional investors have also recently made changes to their positions in TSM. Renaissance Technologies LLC grew its holdings in Taiwan Semiconductor Mfg. by 65.2% in the 2nd 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 during the last quarter. Man Group plc boosted its stake in shares of Taiwan Semiconductor Mfg. by 225.9% during the 2nd quarter. Man Group plc now owns 4,407,316 shares of the semiconductor company’s stock valued at $172,635,000 after purchasing an additional 3,055,062 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Taiwan Semiconductor Mfg. by 128.8% during the 2nd quarter. Janus Henderson Group PLC now owns 5,352,290 shares of the semiconductor company’s stock valued at $209,624,000 after purchasing an additional 3,012,657 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Taiwan Semiconductor Mfg. by 3,765.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,309,198 shares of the semiconductor company’s stock valued at $230,920,000 after purchasing an additional 2,249,451 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Taiwan Semiconductor Mfg. by 66.4% during the 2nd quarter. Van ECK Associates Corp now owns 3,386,747 shares of the semiconductor company’s stock valued at $132,659,000 after purchasing an additional 1,350,850 shares in the last quarter. 19.07% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of TSM traded up $0.68 during trading hours on Tuesday, reaching $50.68. 6,097,351 shares of the company traded hands, compared to its average volume of 9,462,112. The company’s fifty day moving average price is $46.15 and its two-hundred day moving average price is $42.60. The company has a market capitalization of $259.30 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The company has a quick ratio of 1.45, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. Taiwan Semiconductor Mfg. Co. Ltd. has a 12 month low of $34.22 and a 12 month high of $51.21.

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.

Read More: Book Value Of Equity Per Share – BVPS Explained

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

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