Marks Group Wealth Management Inc Has $1.36 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Marks Group Wealth Management Inc lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 36.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,902 shares of the semiconductor company’s stock after selling 4,019 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $1,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at about $25,000. Stonebridge Financial Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $25,000. Archer Investment Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 62 shares in the last quarter. American Capital Advisory LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $38,000. Finally, OLD Second National Bank of Aurora increased its position in Taiwan Semiconductor Manufacturing by 169.8% during the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $206.38 on Thursday. The stock has a market cap of $1.07 trillion, a price-to-earnings ratio of 29.32, a P/E/G ratio of 0.70 and a beta of 1.06. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $122.91 and a twelve month high of $226.40. The company’s fifty day moving average is $205.18 and its 200 day moving average is $188.45.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Wall Street Analysts Forecast Growth

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

About Taiwan Semiconductor Manufacturing

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.