Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp cut its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 9.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 519,100 shares of the semiconductor company’s stock after selling 55,300 shares during the quarter. Alberta Investment Management Corp’s holdings in Taiwan Semiconductor Mfg. were worth $20,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in Taiwan Semiconductor Mfg. by 9.0% in the 2nd quarter. AQR Capital Management LLC now owns 8,741,205 shares of the semiconductor company’s stock worth $342,393,000 after purchasing an additional 722,637 shares in the last quarter. Man Group plc increased its position in shares of Taiwan Semiconductor Mfg. by 225.9% during the 2nd quarter. Man Group plc now owns 4,407,316 shares of the semiconductor company’s stock valued at $172,635,000 after purchasing an additional 3,055,062 shares during the last quarter. HBK Sorce Advisory LLC increased its position in shares of Taiwan Semiconductor Mfg. by 62.7% during the 2nd quarter. HBK Sorce Advisory LLC now owns 10,150 shares of the semiconductor company’s stock valued at $266,000 after purchasing an additional 3,911 shares during the last quarter. Marshall Wace North America L.P. increased its position in shares of Taiwan Semiconductor Mfg. by 5,653.6% during the 2nd quarter. Marshall Wace North America L.P. now owns 546,593 shares of the semiconductor company’s stock valued at $21,410,000 after purchasing an additional 537,093 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new position in shares of Taiwan Semiconductor Mfg. during the 2nd quarter valued at approximately $32,513,000. 19.03% of the stock is currently owned by institutional investors.

Shares of NYSE TSM traded up $0.49 during trading on Friday, reaching $49.42. The stock had a trading volume of 7,189,326 shares, compared to its average volume of 7,998,599. Taiwan Semiconductor Mfg. Co. Ltd. has a fifty-two week low of $34.22 and a fifty-two week high of $49.79. The company has a market cap of $252.46 billion, a P/E ratio of 22.06, a PEG ratio of 3.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 1.62. The business’s 50-day moving average price is $44.56 and its 200-day moving average price is $42.15.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $241 billion during the quarter, compared to analysts’ expectations of $236.65 billion. Taiwan Semiconductor Mfg. had a net margin of 31.42% and a return on equity of 19.37%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.79 earnings per share. Analysts forecast that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.06 EPS for the current fiscal year.

TSM has been the topic of several analyst reports. Goldman Sachs Group reissued a “buy” rating and set a $55.00 target price on shares of Taiwan Semiconductor Mfg. in a research report on Monday, September 30th. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Saturday, August 3rd. CLSA raised Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research report on Friday, July 19th. ValuEngine cut Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $51.00.

Taiwan Semiconductor Mfg. Company 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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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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