Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.8% during the third quarter, Holdings Channel reports. The firm owned 145,251 shares of the semiconductor company’s stock after purchasing an additional 2,595 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $25,226,000 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. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $25,000. Reston Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $27,000. Olistico Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $27,000. Finally, NewSquare Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $29,000. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSM. TD Cowen lifted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 1.9 %

TSM stock traded down $3.58 during trading hours on Wednesday, hitting $188.19. The company’s stock had a trading volume of 3,650,112 shares, compared to its average volume of 15,422,333. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $976.03 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The stock has a 50 day moving average price of $184.19 and a two-hundred day moving average price of $171.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current year.

About Taiwan Semiconductor Manufacturing

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.