Eqis Capital Management Inc. Boosts Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Eqis Capital Management Inc. boosted its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 19.8% in the third quarter, HoldingsChannel reports. The fund owned 37,676 shares of the semiconductor company’s stock after purchasing an additional 6,231 shares during the quarter. Eqis Capital Management Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $1,751,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TSM. Northwest Investment Counselors LLC purchased a new position in shares of Taiwan Semiconductor Mfg. in the third quarter worth $25,000. Quest Capital Management Inc. ADV purchased a new position in shares of Taiwan Semiconductor Mfg. in the third quarter worth $32,000. Trustcore Financial Services LLC raised its holdings in shares of Taiwan Semiconductor Mfg. by 129.9% in the second quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock worth $27,000 after buying an additional 395 shares during the last quarter. Horan Capital Advisors LLC. purchased a new position in shares of Taiwan Semiconductor Mfg. in the third quarter worth $33,000. Finally, JNBA Financial Advisors raised its holdings in shares of Taiwan Semiconductor Mfg. by 87.5% in the second quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock worth $35,000 after buying an additional 421 shares during the last quarter. 19.16% of the stock is owned by institutional investors.

Shares of NYSE TSM traded up $0.74 during midday trading on Wednesday, reaching $52.89. The company had a trading volume of 4,077,376 shares, compared to its average volume of 7,880,472. The business’s 50-day simple moving average is $49.55 and its 200 day simple moving average is $43.52. The stock has a market cap of $273.98 billion, a P/E ratio of 23.61, a P/E/G ratio of 2.37 and a beta of 1.02. Taiwan Semiconductor Mfg. Co. Ltd. has a 1 year low of $34.22 and a 1 year high of $54.37. The company has a current ratio of 1.62, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03.

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

Taiwan Semiconductor Mfg. Profile

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: What is a Leveraged Buyout (LBO)?

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

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