Growing Through Challenges? – Taiwan Semiconductor Manufacturing Company Limited (TSM)


    Sanders Capital LLC recently announced the acquisition of new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). The institutional investor has increased its shareholding in the Technology company by 5.83% to 41.05 million shares with purchase of 2.26 million shares. This fresh investment now brings its stake to 0.79% valued currently at $3.24 billion. In addition, Walter Scott & Partners Ltd. raised its holdings by 0.27 million to 33.21 million shares. And WCM Investment Management LLC has lifted its position by 7.64% or 2.21 million shares – to 31.18 million shares.

    With over 9.79 million Taiwan Semiconductor Manufacturing Company Limited (TSM) shares trading Monday and a closing price of $79.25 on the day, the dollar volume was approximately $775.93 million. The shares have shown a positive weekly performance of 0.44% and its price on 08/31/20 lost nearly -1.48%. Currently, there are 5.19B common shares owned by the public and among those 4.86B shares have been available to trade.

    Incidentally, analysts’ outlook for the Taiwan Semiconductor Manufacturing Company Limited stock is 2.40 for the next 12 months.

    The top 3 mutual fund holders in Taiwan Semiconductor Manufacturing Company Limited are American Balanced Fund, Vanguard Emerging Markets Stock I, and Vanguard Wellington Fund. American Balanced Fund owns 32.76 million shares of the company’s stock, all valued at over $2.58 billion. The company sold -22.57 million shares recently to bring their total holdings to about 0.63% of the shares outstanding. Vanguard Emerging Markets Stock I sold -0.24 million shares to see its total holdings shrink to 21.81 million shares valued at over $1.72 billion and representing 0.42% of the shares outstanding. Vanguard Wellington Fund bought 1.24 million shares to bring its total holdings to over 20.85 million shares at a value of $1.65 billion. Vanguard Wellington Fund now owns shares totaling to 0.40% of the shares outstanding.

    Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) opened at $79.00, down -$1.44 from a prior closing price of $80.44. However, the script later closed the day at $79.25, down -1.48%. The company’s stock has a 5-day price change of 0.44% and 52.37% over the past three months. TSM shares are trading 36.40% year to date (YTD), with the 12-month market performance up to 85.90% higher. It has a 12-month low price of $41.58 and touched a high of $84.00 over the same period. Currently, 9.79 million shares have been traded, compared to an average intraday trading volume of 10.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.33%, 11.69%, and 36.18% respectively.

    Institutional ownership of Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) shares accounts for 19.30% of the company’s 5.19B shares outstanding. Mutual fund holders own 10.20%, while other institutional holders and individual stakeholders account for 9.26% and — respectively.

    It has a market capitalization of $386.49B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 26.54, while the earnings-per-share (ttm) stands at $2.99. The company has a PEG of 1.35 and a Quick Ratio of 1.30 with the debt-to-equity ratio at 0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.59% over the week and 1.84% over the month.

    Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited (TSM) will achieve an EPS of $0.77 for the current quarter, $0.69 for the next quarter and $3.01 for 2021. The lowest estimate earnings-per-share for the quarter is $0.69 while analysts give the company a high EPS estimate of $0.81. Comparatively, EPS for the current quarter was $0.62 a year ago. Earnings per share for the fiscal year are expected to decrease by -1.70%, and 4.69% over the next financial year. EPS should grow at an annualized rate of 19.70% over the next five years, compared to 5.50% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 30 brokerage firm advisors rate Taiwan Semiconductor Manufacturing Company Limited (TSM) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 22 Wall Street analysts polled rate the stock as a buy, while 2 of the 30 advise that investors “hold,” and 1 rated it as a “Sell.”

    Looking at the support for the TSM, a number of firms have released research notes about the stock. New Street stated their Buy rating for the stock in a research note on August 28, 2020, with the firm’s price target at. Credit Suisse coverage for the Taiwan Semiconductor Manufacturing Company Limited (TSM) stock in a research note released on July 27, 2020 offered a Outperform rating with a price target of. Macquarie was of a view on July 24, 2020 that the stock is Outperform, while CLSA gave the stock Buy rating on July 14, 2020, issuing a price target of. Wedbush on their part issued Outperform rating on April 28, 2020.


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