YorkBridge Wealth Partners LLC Sells 2,502 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

YorkBridge Wealth Partners LLC lowered its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,052 shares of the semiconductor company’s stock after selling 2,502 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Taiwan Semiconductor Mfg. were worth $839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D increased its stake in shares of Taiwan Semiconductor Mfg. by 8.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 3,451,476 shares of the semiconductor company’s stock worth $135,194,000 after purchasing an additional 259,818 shares during the last quarter. Charter Trust Co. increased its stake in shares of Taiwan Semiconductor Mfg. by 58.8% during the 2nd quarter. Charter Trust Co. now owns 18,542 shares of the semiconductor company’s stock worth $726,000 after purchasing an additional 6,866 shares during the last quarter. ARK Investment Management LLC increased its stake in shares of Taiwan Semiconductor Mfg. by 4.2% during the 2nd quarter. ARK Investment Management LLC now owns 74,861 shares of the semiconductor company’s stock worth $2,932,000 after purchasing an additional 3,026 shares during the last quarter. Capital Insight Partners LLC increased its stake in shares of Taiwan Semiconductor Mfg. by 2.7% during the 2nd quarter. Capital Insight Partners LLC now owns 21,586 shares of the semiconductor company’s stock worth $846,000 after purchasing an additional 559 shares during the last quarter. Finally, Truvestments Capital LLC increased its stake in shares of Taiwan Semiconductor Mfg. by 3,544.9% during the 2nd quarter. Truvestments Capital LLC now owns 3,900 shares of the semiconductor company’s stock worth $153,000 after purchasing an additional 3,793 shares during the last quarter. 19.07% of the stock is currently owned by hedge funds and other institutional investors.

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

Taiwan Semiconductor Mfg. stock traded up $0.48 during mid-day trading on Monday, reaching $49.76. The company’s stock had a trading volume of 1,836,210 shares, compared to its average volume of 9,373,518. Taiwan Semiconductor Mfg. Co. Ltd. has a 12-month low of $34.22 and a 12-month high of $51.21. The company has a market capitalization of $258.01 billion, a P/E ratio of 22.21, a PEG ratio of 3.33 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 1.62. The firm’s fifty day moving average price is $45.74 and its two-hundred day moving average price is $42.48.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a net margin of 31.58% and a return on equity of 19.80%. The business had revenue of $241 billion during the quarter, compared to analysts’ expectations of $236.65 billion. During the same quarter in the prior year, the firm posted $2.79 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.14 EPS for the current fiscal year.

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.

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

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