State of Wisconsin Investment Board Cuts Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

State of Wisconsin Investment Board lowered its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 46.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,624 shares of the semiconductor company’s stock after selling 84,605 shares during the quarter. State of Wisconsin Investment Board’s holdings in Taiwan Semiconductor Manufacturing were worth $3,703,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TSM. Bruderman Asset Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $115,000. Conning Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $201,000. Murphy Pohlad Asset Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $202,000. Sit Investment Associates Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 107.7% during the second quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock worth $189,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $205,000. 19.63% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded up $0.33 during trading on Thursday, reaching $39.01. The company’s stock had a trading volume of 11,285,389 shares, compared to its average volume of 5,805,436. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $28.50 and a 12 month high of $43.02. The company has a current ratio of 2.36, a quick ratio of 2.11 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $197,640.00, a P/E ratio of 18.32, a P/E/G ratio of 1.21 and a beta of 0.74.

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

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Taiwan Semiconductor Manufacturing Profile

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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