Schrum Private Wealth Management LLC Has $2.43 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Schrum Private Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 81.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,964 shares of the semiconductor company’s stock after purchasing an additional 6,281 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 1.3% of Schrum Private Wealth Management LLC’s holdings, making the stock its 17th largest holding. Schrum Private Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,425,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $25,000. Olistico Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $27,000. Valley Wealth Managers Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. Finally, NewSquare Capital LLC bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $29,000. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TSM. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM traded down $4.36 during mid-day trading on Wednesday, reaching $187.41. The company’s stock had a trading volume of 5,453,950 shares, compared to its average volume of 15,436,193. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The business has a 50-day simple moving average of $184.19 and a two-hundred day simple moving average of $171.37. The stock has a market cap of $971.99 billion, a P/E ratio of 30.01, a PEG ratio of 0.91 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current fiscal year.

About Taiwan Semiconductor Manufacturing

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.