Channing Global Advisors LLC Acquires 11,008 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Channing Global Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 32.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,561 shares of the semiconductor company’s stock after buying an additional 11,008 shares during the period. Taiwan Semiconductor Manufacturing comprises about 5.9% of Channing Global Advisors LLC’s portfolio, making the stock its 5th biggest holding. Channing Global Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $8,800,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Jmac Enterprises LLC increased its position in Taiwan Semiconductor Manufacturing by 3.5% during the fourth quarter. Jmac Enterprises LLC now owns 2,900 shares of the semiconductor company’s stock worth $573,000 after buying an additional 99 shares during the last quarter. Avidian Wealth Enterprises LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 11.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 6,750 shares of the semiconductor company’s stock valued at $1,333,000 after purchasing an additional 702 shares during the last quarter. Great Lakes Retirement Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 0.5% in the fourth quarter. Great Lakes Retirement Inc. now owns 16,377 shares of the semiconductor company’s stock valued at $3,234,000 after purchasing an additional 78 shares during the last quarter. Valley Brook Capital Group Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 6.9% in the fourth quarter. Valley Brook Capital Group Inc. now owns 1,700 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 110 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 71.3% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 276,250 shares of the semiconductor company’s stock valued at $54,557,000 after purchasing an additional 115,000 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TSM shares. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 0.5 %

NYSE TSM opened at $209.05 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a 50-day simple moving average of $205.18 and a 200 day simple moving average of $188.45. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $122.91 and a twelve month high of $226.40. The stock has a market cap of $1.08 trillion, a PE ratio of 29.69, a PEG ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS 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.