Beacon Financial Group Sells 99 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Beacon Financial Group trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,193 shares of the semiconductor company’s stock after selling 99 shares during the period. Beacon Financial Group’s holdings in Taiwan Semiconductor Manufacturing were worth $1,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSM. Schear Investment Advisers LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $625,000. Warther Private Wealth LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 6.7% in the fourth quarter. Warther Private Wealth LLC now owns 79,401 shares of the semiconductor company’s stock valued at $15,681,000 after purchasing an additional 4,953 shares during the last quarter. Portfolio Design Labs LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $226,000. Fortress Financial Solutions LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $872,000. Finally, Gradient Capital Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 10.8% in the 4th quarter. Gradient Capital Advisors LLC now owns 4,118 shares of the semiconductor company’s stock valued at $813,000 after purchasing an additional 401 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 0.5 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $209.05 on Wednesday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $122.91 and a 12-month high of $226.40. The company has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 29.69, a PEG ratio of 0.70 and a beta of 1.06. The firm’s 50-day moving average price is $204.98 and its two-hundred day moving average price is $188.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TSM. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note 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 research report on Friday, January 17th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.