Schwartz Investment Counsel Inc. Increases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Schwartz Investment Counsel Inc. lifted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 71.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 276,250 shares of the semiconductor company’s stock after purchasing an additional 115,000 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 2.0% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 17th largest holding. Schwartz Investment Counsel Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $54,557,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock worth $7,052,000 after purchasing an additional 1,476 shares during the last quarter. McHugh Group LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $605,000. OLD National Bancorp IN raised its position in Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after buying an additional 2,368 shares during the last quarter. Private Client Services LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $201,000. Finally, YHB Investment Advisors Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.9% in the 4th quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company’s stock valued at $7,954,000 after acquiring an additional 2,604 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 0.5 %

Taiwan Semiconductor Manufacturing stock opened at $209.05 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $122.91 and a 12 month high of $226.40. The stock has a market capitalization of $1.08 trillion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The business has a 50 day simple moving average of $204.98 and a 200-day simple moving average of $188.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Company 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.