Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stake Raised by Empowered Funds LLC

Empowered Funds LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 25.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,253 shares of the semiconductor company’s stock after purchasing an additional 5,180 shares during the period. Empowered Funds LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Pacific Wealth Strategies Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $1,002,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 86,962 shares of the semiconductor company’s stock worth $17,174,000 after acquiring an additional 3,078 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 18.9% in the 4th quarter. D Orazio & Associates Inc. now owns 2,251 shares of the semiconductor company’s stock worth $445,000 after acquiring an additional 358 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 6.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 17,965 shares of the semiconductor company’s stock worth $3,548,000 after purchasing an additional 1,030 shares during the period. Finally, Robocap Asset Management Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $3,861,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $209.05 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $122.91 and a 52 week high of $226.40. 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 company has a market capitalization of $1.08 trillion, a PE ratio of 29.69, a PEG ratio of 0.70 and a beta of 1.06. The company’s 50 day moving average price is $204.98 and its 200 day moving average price is $188.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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 expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.