Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 12.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,458 shares of the semiconductor company’s stock after buying an additional 1,022 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Taiwan Semiconductor Mfg. were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Segment Wealth Management LLC increased its position in shares of Taiwan Semiconductor Mfg. by 2.2% in the first quarter. Segment Wealth Management LLC now owns 95,502 shares of the semiconductor company’s stock worth $3,912,000 after acquiring an additional 2,022 shares in the last quarter. John G Ullman & Associates Inc. grew its position in Taiwan Semiconductor Mfg. by 27.4% during the first quarter. John G Ullman & Associates Inc. now owns 13,500 shares of the semiconductor company’s stock valued at $553,000 after purchasing an additional 2,900 shares in the last quarter. First Republic Investment Management Inc. grew its position in Taiwan Semiconductor Mfg. by 3.6% during the first quarter. First Republic Investment Management Inc. now owns 190,685 shares of the semiconductor company’s stock valued at $7,810,000 after purchasing an additional 6,714 shares in the last quarter. Smithfield Trust Co. grew its position in Taiwan Semiconductor Mfg. by 8.6% during the first quarter. Smithfield Trust Co. now owns 7,096 shares of the semiconductor company’s stock valued at $291,000 after purchasing an additional 564 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in Taiwan Semiconductor Mfg. during the first quarter valued at approximately $31,000. Institutional investors own 19.65% of the company’s stock.

Shares of TSM stock traded up $0.04 during mid-day trading on Wednesday, reaching $37.69. The company’s stock had a trading volume of 12,283,200 shares, compared to its average volume of 8,683,966. Taiwan Semiconductor Mfg. Co. Ltd. has a 1-year low of $34.22 and a 1-year high of $45.64. The stock has a market cap of $198.11 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 2.32 and a beta of 0.98. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.33 and a current ratio of 2.62.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Taiwan Semiconductor Mfg. had a net margin of 32.20% and a return on equity of 19.91%. The company had revenue of $7.10 billion during the quarter. On average, sell-side analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.12 earnings per share for the current year.

Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. ValuEngine upgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Finally, Goldman Sachs Group assumed coverage on shares of Taiwan Semiconductor Mfg. in a research note on Tuesday, May 7th. They issued a “buy” rating and a $50.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $48.00.

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Taiwan Semiconductor Mfg. Company 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.

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

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