Parametrica Management Ltd Purchases New Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Parametrica Management Ltd purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,507 shares of the semiconductor company’s stock, valued at approximately $2,172,000. Taiwan Semiconductor Manufacturing comprises about 2.6% of Parametrica Management Ltd’s portfolio, making the stock its 11th largest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Meeder Advisory Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $276,000. Headlands Technologies LLC bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $182,000. ProShare Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $210,000. Koshinski Asset Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $480,000. Finally, Eagle Bay Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 162.5% in the first quarter. Eagle Bay Advisors LLC now owns 357 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 221 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 1.7 %

TSM stock traded down $3.29 during trading on Wednesday, hitting $188.48. 3,446,469 shares of the company’s stock traded hands, compared to its average volume of 15,427,068. The firm has a market capitalization of $977.53 billion, a P/E ratio of 30.73, a PEG ratio of 0.92 and a beta of 1.12. The business has a fifty day simple moving average of $184.19 and a two-hundred day simple moving average of $171.37. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TSM shares. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $209.00.

Taiwan Semiconductor Manufacturing Profile

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.