Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Stake Lowered by TT International

TT International lowered its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 91.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 77,588 shares of the semiconductor company’s stock after selling 791,835 shares during the quarter. TT International’s holdings in Taiwan Semiconductor Manufacturing were worth $2,913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bruderman Asset Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $115,000. AGF Investments Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 63.8% in the 3rd quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock valued at $137,000 after purchasing an additional 1,416 shares during the period. Pictet & Cie Europe SA boosted its position in shares of Taiwan Semiconductor Manufacturing by 30.6% in the 2nd quarter. Pictet & Cie Europe SA now owns 28,110 shares of the semiconductor company’s stock valued at $193,000 after purchasing an additional 6,586 shares during the period. Conning Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $201,000. Finally, Murphy Pohlad Asset Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 19.63% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded down $0.07 during trading on Wednesday, reaching $39.30. The company’s stock had a trading volume of 5,488,100 shares, compared to its average volume of 5,798,807. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $28.50 and a 52 week high of $43.02. The company has a quick ratio of 2.11, a current ratio of 2.36 and a debt-to-equity ratio of 0.06. The firm has a market cap of $204,172.81, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.21 and a beta of 0.74.

TSM has been the subject of a number of research analyst reports. Morgan Stanley cut Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research report on Monday, November 27th. J P Morgan Chase & Co raised Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 10th. Daiwa Capital Markets cut Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $27.00.

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About Taiwan Semiconductor Manufacturing

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.

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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