Traders Sell Taiwan Semiconductor Mfg. (TSM) on Strength (TSM)
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.
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.
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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