Edgemoor Investment Advisors Inc. Acquires New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Edgemoor Investment Advisors Inc. bought a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 26,446 shares of the semiconductor company’s stock, valued at approximately $2,750,000.

A number of other institutional investors have also recently made changes to their positions in TSM. Van ECK Associates Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 29.6% in the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after acquiring an additional 3,381,514 shares during the period. Morgan Stanley grew its holdings in Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after buying an additional 2,400,882 shares in the last quarter. Lone Pine Capital LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 21.7% during the third quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock valued at $677,833,000 after buying an additional 1,389,785 shares during the period. American Century Companies Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 56.2% in the third quarter. American Century Companies Inc. now owns 3,473,637 shares of the semiconductor company’s stock worth $301,859,000 after buying an additional 1,250,290 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 44.1% in the third quarter. Northern Trust Corp now owns 3,490,630 shares of the semiconductor company’s stock valued at $303,336,000 after acquiring an additional 1,068,723 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on TSM shares. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 4.5 %

NYSE:TSM traded up $6.47 during trading hours on Friday, hitting $149.26. The company had a trading volume of 23,671,378 shares, compared to its average volume of 14,594,821. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $82.53 and a 52 week high of $158.40. The company has a market capitalization of $774.12 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 1.06 and a beta of 1.13. The stock has a 50-day moving average price of $139.52 and a 200 day moving average price of $118.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.25%. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS 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.