Wetherby Asset Management Inc. Has $3.50 Million Position in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Wetherby Asset Management Inc. lowered its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 0.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 85,550 shares of the semiconductor company’s stock after selling 708 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $3,504,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TSM. Fisher Asset Management LLC raised its position in shares of Taiwan Semiconductor Mfg. by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 36,229,503 shares of the semiconductor company’s stock worth $1,337,231,000 after acquiring an additional 1,087,513 shares in the last quarter. Sanders Capital LLC raised its position in shares of Taiwan Semiconductor Mfg. by 6.1% in the 1st quarter. Sanders Capital LLC now owns 35,903,507 shares of the semiconductor company’s stock worth $1,625,456,000 after acquiring an additional 2,078,500 shares in the last quarter. WCM Investment Management LLC raised its position in shares of Taiwan Semiconductor Mfg. by 4.7% in the 4th quarter. WCM Investment Management LLC now owns 24,640,081 shares of the semiconductor company’s stock worth $909,465,000 after acquiring an additional 1,099,476 shares in the last quarter. Bank of America Corp DE raised its position in shares of Taiwan Semiconductor Mfg. by 70.5% in the 4th quarter. Bank of America Corp DE now owns 17,415,209 shares of the semiconductor company’s stock worth $642,796,000 after acquiring an additional 7,203,838 shares in the last quarter. Finally, FMR LLC raised its position in shares of Taiwan Semiconductor Mfg. by 22.1% in the 4th quarter. FMR LLC now owns 15,770,209 shares of the semiconductor company’s stock worth $582,078,000 after acquiring an additional 2,854,186 shares in the last quarter. 20.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of TSM traded up $0.52 during trading hours on Friday, hitting $38.59. The stock had a trading volume of 216,472 shares, compared to its average volume of 8,595,867. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 2.38. The company has a market cap of $201.74 billion, a PE ratio of 17.25, a P/E/G ratio of 2.39 and a beta of 0.98. Taiwan Semiconductor Mfg. Co. Ltd. has a 1-year low of $34.22 and a 1-year high of $45.64.

Several research firms have recently weighed in on TSM. ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating and set a $46.00 price objective for the company in a research report on Tuesday, May 14th. Finally, Goldman Sachs Group began coverage on Taiwan Semiconductor Mfg. in a research report on Tuesday, May 7th. They issued a “buy” rating and a $50.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $48.00.

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Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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

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