Oppenheimer Asset Management Inc. Raises Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Oppenheimer Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,251 shares of the semiconductor company’s stock after acquiring an additional 2,595 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $25,226,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TSM. Meeder Advisory Services Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth $276,000. Headlands Technologies LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth $182,000. ProShare Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth $210,000. Koshinski Asset Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth $480,000. Finally, Eagle Bay Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 162.5% during the 1st quarter. Eagle Bay Advisors LLC now owns 357 shares of the semiconductor company’s stock worth $49,000 after buying an additional 221 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded down $3.58 during midday trading on Wednesday, reaching $188.19. 3,650,112 shares of the stock traded hands, compared to its average volume of 15,422,333. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average price of $184.19 and a two-hundred day moving average price of $171.37. The firm has a market cap of $976.03 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 0.92 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $95.25 and a fifty-two week high of $212.60.

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

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.