Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Platform Technology Partners

Platform Technology Partners decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,339 shares of the semiconductor company’s stock after selling 61 shares during the quarter. Platform Technology Partners’ holdings in Taiwan Semiconductor Manufacturing were worth $233,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $25,000. Reston Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth about $25,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. Valley Wealth Managers Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $27,000. Finally, NewSquare Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $191.73 on Wednesday. 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 firm’s 50-day moving average price is $183.56 and its two-hundred day moving average price is $170.99. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The stock has a market capitalization of $994.39 billion, a P/E ratio of 30.73, a P/E/G ratio of 0.92 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing 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.