Comerica Securities Inc. Raises Position in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

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Comerica Securities Inc. increased its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 37.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,380 shares of the semiconductor company’s stock after purchasing an additional 8,067 shares during the period. Comerica Securities Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $1,084,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TSM. First Bank & Trust purchased a new stake in shares of Taiwan Semiconductor Mfg. during the 4th quarter valued at $29,000. Financial Gravity Companies Inc. purchased a new stake in shares of Taiwan Semiconductor Mfg. during the 4th quarter valued at $95,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at $114,000. Gamble Jones Investment Counsel purchased a new stake in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at $115,000. Finally, Evolution Wealth Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Mfg. during the 4th quarter valued at $99,000. Hedge funds and other institutional investors own 19.36% of the company’s stock.

Shares of Taiwan Semiconductor Mfg. stock opened at $38.29 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.67 and a quick ratio of 2.34. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $34.22 and a twelve month high of $45.75. The firm has a market cap of $195.98 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97.

Several analysts have recently issued reports on TSM shares. ValuEngine raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. Morgan Stanley raised shares of Taiwan Semiconductor Mfg. from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 16th. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. Finally, CLSA cut shares of Taiwan Semiconductor Mfg. from an “outperform” rating to an “underperform” rating in a research report on Thursday, January 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $46.00.

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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.

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

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