Investors sold shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) on strength during trading hours on Wednesday. $36.96 million flowed into the stock on the tick-up and $147.79 million flowed out of the stock on the tick-down, for a money net flow of $110.83 million out of the stock. Of all companies tracked, Taiwan Semiconductor Mfg. had the 0th highest net out-flow for the day. Taiwan Semiconductor Mfg. traded up $0.67 for the day and closed at $35.61

A number of brokerages have recently issued reports on TSM. Zacks Investment Research upgraded shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. Finally, Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $46.00.

The company has a quick ratio of 2.34, a current ratio of 2.67 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $184.68 billion, a PE ratio of 16.76, a PEG ratio of 0.95 and a beta of 1.06.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its earnings results on Thursday, October 18th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. Taiwan Semiconductor Mfg. had a return on equity of 22.62% and a net margin of 34.38%. The business had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $257.92 billion. During the same quarter in the previous year, the business earned $3.47 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.2 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Capital International Investors lifted its position in Taiwan Semiconductor Mfg. by 363.5% during the 3rd quarter. Capital International Investors now owns 35,218,259 shares of the semiconductor company’s stock worth $1,555,238,000 after acquiring an additional 27,619,505 shares in the last quarter. Federated Investors Inc. PA acquired a new position in Taiwan Semiconductor Mfg. during the 3rd quarter worth approximately $498,534,000. First Eagle Investment Management LLC acquired a new position in Taiwan Semiconductor Mfg. during the 3rd quarter worth approximately $210,130,000. BlackRock Inc. lifted its position in Taiwan Semiconductor Mfg. by 32.1% during the 3rd quarter. BlackRock Inc. now owns 10,533,336 shares of the semiconductor company’s stock worth $465,151,000 after acquiring an additional 2,556,652 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Taiwan Semiconductor Mfg. by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 44,674,092 shares of the semiconductor company’s stock worth $1,633,286,000 after acquiring an additional 2,367,792 shares in the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

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Taiwan Semiconductor Mfg. Company Profile (NYSE:TSM)

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.

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