Thoroughbred Financial Services LLC Boosts Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Thoroughbred Financial Services LLC raised its holdings in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 1.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 59,747 shares of the semiconductor company’s stock after purchasing an additional 726 shares during the period. Taiwan Semiconductor Mfg. accounts for about 1.0% of Thoroughbred Financial Services LLC’s portfolio, making the stock its 23rd largest position. Thoroughbred Financial Services LLC’s holdings in Taiwan Semiconductor Mfg. were worth $2,447,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brand Asset Management Group Inc. purchased a new stake in Taiwan Semiconductor Mfg. in the 1st quarter worth $67,000. Next Capital Management LLC purchased a new stake in Taiwan Semiconductor Mfg. in the 1st quarter worth $25,000. Horan Capital Advisors LLC. purchased a new stake in Taiwan Semiconductor Mfg. in the 1st quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new stake in Taiwan Semiconductor Mfg. in the 1st quarter worth $31,000. Finally, First Bank & Trust purchased a new stake in Taiwan Semiconductor Mfg. in the 4th quarter worth $29,000. 19.92% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on TSM shares. ValuEngine raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Goldman Sachs Group assumed coverage on shares of Taiwan Semiconductor Mfg. in a report on Tuesday, May 7th. They issued a “buy” rating and a $50.00 price target for the company. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating and set a $46.00 target price for the company in a report on Tuesday. Finally, CLSA lowered shares of Taiwan Semiconductor Mfg. from an “outperform” rating to an “underperform” rating in a report on Thursday, January 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.00.



Shares of Taiwan Semiconductor Mfg. stock traded down $0.43 during trading hours on Thursday, reaching $41.54. 233,033 shares of the company’s stock were exchanged, compared to its average volume of 8,363,363. Taiwan Semiconductor Mfg. Co. Ltd. has a 1 year low of $34.22 and a 1 year high of $45.64. The firm has a market capitalization of $214.08 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.49 and a beta of 0.98. The company has a quick ratio of 2.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.03.

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Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

Further Reading: What are the Different Types of Leveraged Buyouts?

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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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