Eqis Capital Management Inc. Buys 673 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Eqis Capital Management Inc. Buys 673 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Eqis Capital Management Inc. increased its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 1.4% during the first quarter, Holdings Channel reports. The firm owned 49,725 shares of the semiconductor company’s stock after buying an additional 673 shares during the period. Eqis Capital Management Inc.’s holdings in Taiwan Semiconductor Mfg. Co. were worth $1,633,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Advisors Preferred LLC bought a new position in shares of Taiwan Semiconductor Mfg. Co. during the third quarter worth approximately $120,000. SRS Capital Advisors Inc. bought a new position in shares of Taiwan Semiconductor Mfg. Co. during the fourth quarter worth approximately $175,000. Advisory Services Network LLC bought a new position in shares of Taiwan Semiconductor Mfg. Co. during the first quarter worth approximately $184,000. Polar Capital LLP bought a new position in shares of Taiwan Semiconductor Mfg. Co. during the third quarter worth approximately $203,000. Finally, Foster & Motley Inc. bought a new position in shares of Taiwan Semiconductor Mfg. Co. during the first quarter worth approximately $214,000. Hedge funds and other institutional investors own 20.21% of the company’s stock.

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) traded up 0.82% during trading on Friday, reaching $34.42. The company had a trading volume of 5,249,755 shares. The firm has a market capitalization of $178.50 billion, a price-to-earnings ratio of 15.33 and a beta of 0.88. Taiwan Semiconductor Mfg. Co. Ltd. has a 52 week low of $22.75 and a 52 week high of $34.44. The company’s 50-day moving average is $32.83 and its 200 day moving average is $31.02.

Taiwan Semiconductor Mfg. Co. (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 13th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The company earned $233.91 billion during the quarter, compared to analyst estimates of $237.12 billion. Taiwan Semiconductor Mfg. Co. had a return on equity of 26.79% and a net margin of 35.31%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.50 earnings per share. Equities analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post $2.19 EPS for the current year.

A number of equities analysts have recently commented on TSM shares. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. Co. from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Wednesday, January 11th. Rosenblatt Securities set a $27.00 target price on Taiwan Semiconductor Mfg. Co. and gave the stock a “buy” rating in a report on Saturday, April 15th. HSBC Holdings plc upgraded Taiwan Semiconductor Mfg. Co. from a “hold” rating to a “buy” rating in a report on Tuesday, March 7th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating on shares of Taiwan Semiconductor Mfg. Co. in a report on Friday, January 6th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.33.

About Taiwan Semiconductor Mfg. Co.

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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