Budros Ruhlin & Roe Inc. Buys New Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Budros Ruhlin & Roe Inc. purchased a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,804 shares of the semiconductor company’s stock, valued at approximately $213,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Sanders Capital LLC increased its position in Taiwan Semiconductor Manufacturing by 6.4% during the fourth quarter. Sanders Capital LLC now owns 44,058,914 shares of the semiconductor company’s stock worth $5,179,530,000 after buying an additional 2,658,204 shares during the period. Bank of New York Mellon Corp raised its holdings in Taiwan Semiconductor Manufacturing by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 40,759,216 shares of the semiconductor company’s stock worth $4,444,385,000 after purchasing an additional 1,195,001 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% in the fourth quarter. WCM Investment Management LLC now owns 33,404,614 shares of the semiconductor company’s stock worth $3,642,439,000 after acquiring an additional 1,055,240 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Taiwan Semiconductor Manufacturing by 0.8% in the first quarter. Vontobel Holding Ltd. now owns 20,071,365 shares of the semiconductor company’s stock valued at $2,374,041,000 after purchasing an additional 168,757 shares during the last quarter. Finally, Fiera Capital Corp increased its stake in Taiwan Semiconductor Manufacturing by 0.6% in the first quarter. Fiera Capital Corp now owns 15,902,700 shares of the semiconductor company’s stock valued at $1,880,971,000 after purchasing an additional 93,751 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on TSM. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Saturday, April 17th. Atlantic Securities initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, April 19th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing currently has an average rating of “Hold” and an average price target of $110.60.

Shares of Taiwan Semiconductor Manufacturing stock opened at $118.24 on Friday. The company has a market capitalization of $613.20 billion, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89. The firm has a 50-day moving average price of $116.98. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $54.52 and a one year high of $142.20. The company has a current ratio of 1.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, April 15th. The semiconductor company reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.05. The firm had revenue of $12.92 billion during the quarter, compared to analysts’ expectations of $12.83 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.86% and a return on equity of 29.55%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.07 earnings per share for the current fiscal year.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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

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