Allspring Global Investments Holdings LLC Has $786.34 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Allspring Global Investments Holdings LLC decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,901,238 shares of the semiconductor company’s stock after selling 181,527 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.3% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 6th largest position. Allspring Global Investments Holdings LLC owned about 0.08% of Taiwan Semiconductor Manufacturing worth $786,337,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 4.3% in the 4th 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 in the last quarter. McHugh Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $605,000. OLD National Bancorp IN grew its stake in Taiwan Semiconductor Manufacturing by 2.1% during the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock valued at $22,357,000 after acquiring an additional 2,368 shares in the last quarter. Private Client Services LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $201,000. Finally, YHB Investment Advisors Inc. lifted its stake in 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 worth $7,954,000 after purchasing an additional 2,604 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the topic of several research reports. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays upped their price objective 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 issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 0.5 %

Shares of NYSE TSM opened at $209.05 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $122.91 and a 1-year high of $226.40. 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’s 50 day moving average is $204.98 and its two-hundred day moving average is $188.12. The stock has a market capitalization of $1.08 trillion, a P/E ratio of 29.69, a PEG ratio of 0.70 and a beta of 1.06.

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

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.