Davy Asset Management Ltd Purchase $9.14 Million Holding in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Davy Asset Management Ltd Purchase $9.14 Million Holding in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Davy Asset Management Ltd bought a new stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 250,062 shares of the semiconductor company’s stock, valued at approximately $9,142,000. Taiwan Semiconductor Mfg. accounts for about 2.4% of Davy Asset Management Ltd’s portfolio, making the stock its 12th largest holding.

A number of other hedge funds also recently modified their holdings of the business. KCS Wealth Advisory boosted its stake in Taiwan Semiconductor Mfg. by 5.2% in the second quarter. KCS Wealth Advisory now owns 26,253 shares of the semiconductor company’s stock valued at $960,000 after acquiring an additional 1,296 shares during the period. PNC Financial Services Group Inc. boosted its stake in Taiwan Semiconductor Mfg. by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 358,524 shares of the semiconductor company’s stock valued at $13,109,000 after acquiring an additional 1,344 shares during the period. BancorpSouth Bank boosted its stake in Taiwan Semiconductor Mfg. by 10.3% in the second quarter. BancorpSouth Bank now owns 14,906 shares of the semiconductor company’s stock valued at $545,000 after acquiring an additional 1,393 shares during the period. Mawer Investment Management Ltd. boosted its stake in Taiwan Semiconductor Mfg. by 0.3% in the second quarter. Mawer Investment Management Ltd. now owns 584,040 shares of the semiconductor company’s stock valued at $21,353,000 after acquiring an additional 1,608 shares during the period. Finally, Berkshire Asset Management LLC PA boosted its stake in Taiwan Semiconductor Mfg. by 6.4% in the second quarter. Berkshire Asset Management LLC PA now owns 28,113 shares of the semiconductor company’s stock valued at $1,028,000 after acquiring an additional 1,695 shares during the period. Institutional investors own 19.16% of the company’s stock.

A number of equities analysts have commented on the company. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Morgan Stanley raised Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 18th. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Nomura raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a report on Thursday, July 19th. Finally, Susquehanna Bancshares raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a report on Monday, July 2nd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $46.00.

TSM opened at $40.90 on Wednesday. The company has a market cap of $229.02 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.31 and a beta of 1.07. The company has a current ratio of 2.07, a quick ratio of 1.86 and a debt-to-equity ratio of 0.06. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $35.35 and a twelve month high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings results on Thursday, July 19th. The semiconductor company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The company had revenue of $233.28 billion for the quarter, compared to analysts’ expectations of $230.77 billion. Taiwan Semiconductor Mfg. had a return on equity of 23.10% and a net margin of 34.74%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.56 earnings per share. As a group, analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.25 earnings per share for the current year.

Taiwan Semiconductor Mfg. 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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