Nationwide Fund Advisors Sells 234,060 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Nationwide Fund Advisors lessened its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 45.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 286,387 shares of the semiconductor company’s stock after selling 234,060 shares during the quarter. Nationwide Fund Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $10,754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baldwin Investment Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 0.5% during the 2nd quarter. Baldwin Investment Management LLC now owns 25,783 shares of the semiconductor company’s stock worth $901,000 after acquiring an additional 124 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 1.0% during the 2nd quarter. Bahl & Gaynor Inc. now owns 16,055 shares of the semiconductor company’s stock worth $462,000 after acquiring an additional 162 shares during the last quarter. 440 Investment Group LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.2% during the 2nd quarter. 440 Investment Group LLC now owns 21,579 shares of the semiconductor company’s stock worth $754,000 after acquiring an additional 250 shares during the last quarter. People s United Financial Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 3.3% during the 2nd quarter. People s United Financial Inc. now owns 8,056 shares of the semiconductor company’s stock worth $282,000 after acquiring an additional 254 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 2.7% during the 2nd quarter. Sterling Capital Management LLC now owns 11,831 shares of the semiconductor company’s stock worth $414,000 after acquiring an additional 314 shares during the last quarter. 19.63% of the stock is currently owned by institutional investors.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded down $0.31 during mid-day trading on Tuesday, reaching $39.39. 7,108,900 shares of the company’s stock traded hands, compared to its average volume of 5,775,413. 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 $205,884.20, a P/E ratio of 18.55, a P/E/G ratio of 1.22 and a beta of 0.74. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.50 and a 52-week high of $43.02.

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

WARNING: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.dispatchtribunal.com/2017/12/05/nationwide-fund-advisors-sells-234060-shares-of-taiwan-semiconductor-manufacturing-company-ltd-tsm.html.

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.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM).

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

Receive News & Ratings for Taiwan Semiconductor Manufacturing Company Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing Company Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply