Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Souders Financial Advisors

Souders Financial Advisors decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,992 shares of the semiconductor company’s stock after selling 240 shares during the period. Souders Financial Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $1,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. Defender Capital LLC. lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after acquiring an additional 56 shares during the last quarter. Seed Wealth Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% during the second quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after purchasing an additional 57 shares during the last quarter. Keudell Morrison Wealth Management boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock valued at $700,000 after purchasing an additional 59 shares during the period. Heron Bay Capital Management increased its stake in Taiwan Semiconductor Manufacturing by 1.0% in the 2nd quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock worth $992,000 after purchasing an additional 59 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV raised its holdings in Taiwan Semiconductor Manufacturing by 0.4% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company’s stock worth $2,460,000 after buying an additional 63 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $191.73 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60. The business’s 50-day moving average price is $184.19 and its two-hundred day moving average price is $171.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market capitalization of $994.39 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.