Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Allspring Global Investments Holdings LLC’s 6th Largest Position

Allspring Global Investments Holdings LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,901,238 shares of the semiconductor company’s stock after selling 181,527 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.3% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 6th biggest position. Allspring Global Investments Holdings LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $786,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $25,000. Reston Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $25,000. Archer Investment Corp grew its stake in Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $40,000. Finally, American Capital Advisory LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $38,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $209.05 on Wednesday. The firm has a market capitalization of $1.08 trillion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business’s 50-day moving average is $204.98 and its two-hundred day moving average is $188.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $122.91 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

TSM has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $220.00.

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.