Hanson & Doremus Investment Management Has $4.35 Million Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Hanson & Doremus Investment Management lessened its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,927 shares of the semiconductor company’s stock after selling 1,140 shares during the quarter. Taiwan Semiconductor Mfg. comprises 1.2% of Hanson & Doremus Investment Management’s investment portfolio, making the stock its 14th biggest position. Hanson & Doremus Investment Management’s holdings in Taiwan Semiconductor Mfg. were worth $4,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in Taiwan Semiconductor Mfg. by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 53,331,375 shares of the semiconductor company’s stock valued at $2,478,841,000 after acquiring an additional 813,747 shares during the last quarter. WCM Investment Management LLC grew its position in Taiwan Semiconductor Mfg. by 6.0% in the third quarter. WCM Investment Management LLC now owns 27,285,756 shares of the semiconductor company’s stock valued at $1,268,241,000 after acquiring an additional 1,547,855 shares during the last quarter. Invesco Ltd. grew its position in Taiwan Semiconductor Mfg. by 15.2% in the second quarter. Invesco Ltd. now owns 9,565,145 shares of the semiconductor company’s stock valued at $374,666,000 after acquiring an additional 1,262,338 shares during the last quarter. AQR Capital Management LLC grew its position in Taiwan Semiconductor Mfg. by 9.0% in the second quarter. AQR Capital Management LLC now owns 8,741,205 shares of the semiconductor company’s stock valued at $342,393,000 after acquiring an additional 722,637 shares during the last quarter. Finally, Man Group plc grew its position in Taiwan Semiconductor Mfg. by 4.4% in the third quarter. Man Group plc now owns 4,603,137 shares of the semiconductor company’s stock valued at $213,953,000 after acquiring an additional 195,821 shares during the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

TSM has been the topic of a number of recent analyst reports. China Renaissance Securities upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Tuesday, December 17th. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 target price on shares of Taiwan Semiconductor Mfg. in a research report on Monday, September 30th. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, January 10th. Finally, ValuEngine cut Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Taiwan Semiconductor Mfg. has an average rating of “Buy” and a consensus target price of $60.00.

NYSE TSM traded up $0.29 on Thursday, hitting $58.68. The company’s stock had a trading volume of 6,110,483 shares, compared to its average volume of 5,389,949. The company has a quick ratio of 1.52, a current ratio of 1.72 and a debt-to-equity ratio of 0.03. Taiwan Semiconductor Mfg. Co. Ltd. has a 1-year low of $34.83 and a 1-year high of $60.64. The company’s 50-day moving average is $57.13 and its 200 day moving average is $48.56. The firm has a market cap of $312.82 billion, a PE ratio of 26.20, a PEG ratio of 1.78 and a beta of 1.01.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter. Taiwan Semiconductor Mfg. had a net margin of 31.58% and a return on equity of 20.05%. The firm had revenue of $9.40 billion during the quarter. On average, equities analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.18 EPS for the current year.

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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