Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by Gradient Capital Advisors LLC

Gradient Capital Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.8% in the 4th quarter, Holdings Channel reports. The firm owned 4,118 shares of the semiconductor company’s stock after purchasing an additional 401 shares during the period. Gradient Capital Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $813,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Shaker Investments LLC OH boosted its stake in Taiwan Semiconductor Manufacturing by 45.1% during the 4th quarter. Shaker Investments LLC OH now owns 33,976 shares of the semiconductor company’s stock worth $6,710,000 after purchasing an additional 10,561 shares during the last quarter. Balentine LLC boosted its position in Taiwan Semiconductor Manufacturing by 20.6% during the fourth quarter. Balentine LLC now owns 3,900 shares of the semiconductor company’s stock worth $770,000 after acquiring an additional 666 shares during the last quarter. Weatherly Asset Management L. P. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $218,000. Atlantic Edge Private Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 0.6% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 19,848 shares of the semiconductor company’s stock valued at $3,920,000 after acquiring an additional 126 shares during the last quarter. Finally, Wealthcare Capital Partners LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $450,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 0.5 %

Shares of TSM opened at $209.05 on Wednesday. The company’s 50-day moving average price is $204.98 and its 200 day moving average price is $188.12. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $122.91 and a 12-month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.08 trillion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 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.