Sequoia Financial Advisors LLC Buys 358 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sequoia Financial Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 42,730 shares of the semiconductor company’s stock after purchasing an additional 358 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,427,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $25,000. LifeSteps Financial Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $27,000. Olistico Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. North Star Investment Management Corp. raised its position in shares of Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 181 shares during the period. Finally, Sachetta LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $29,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of research reports. Susquehanna reissued a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, August 6th. Sanford C. Bernstein lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, Needham & Company LLC raised their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded up $1.61 during trading hours on Tuesday, reaching $169.24. The stock had a trading volume of 5,480,516 shares, compared to its average volume of 16,192,073. The stock has a market capitalization of $877.75 billion, a PE ratio of 32.19, a PEG ratio of 0.98 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The company’s 50-day moving average is $170.31 and its two-hundred day moving average is $149.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The company had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.44 EPS for the current 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.