First Allied Advisory Services Inc. Purchases 7,314 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

First Allied Advisory Services Inc. increased its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 17.7% during the third quarter, HoldingsChannel reports. The fund owned 48,624 shares of the semiconductor company’s stock after buying an additional 7,314 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $2,259,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new stake in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at about $25,000. Quest Capital Management Inc. ADV bought a new stake in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at about $32,000. Trustcore Financial Services LLC boosted its position in shares of Taiwan Semiconductor Mfg. by 129.9% during the 2nd quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 395 shares in the last quarter. Horan Capital Advisors LLC. bought a new stake in shares of Taiwan Semiconductor Mfg. during the 3rd quarter valued at about $33,000. Finally, JNBA Financial Advisors boosted its position in shares of Taiwan Semiconductor Mfg. by 87.5% during the 2nd quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 421 shares in the last quarter. Institutional investors and hedge funds own 19.16% of the company’s stock.

TSM stock traded up $0.81 during trading on Friday, reaching $53.29. 5,563,795 shares of the stock were exchanged, compared to its average volume of 6,911,932. The firm’s 50 day moving average is $50.06 and its 200 day moving average is $43.64. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $34.22 and a twelve month high of $54.37. The company has a current ratio of 1.62, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03. The firm has a market cap of $274.24 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 2.38 and a beta of 1.02.

Several equities research analysts recently commented on the company. CLSA upgraded Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research report on Friday, July 19th. Goldman Sachs Group restated a “buy” rating and set a $55.00 target price on shares of Taiwan Semiconductor Mfg. in a research report on Monday, September 30th. Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 4th. ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Saturday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $51.00.

About Taiwan Semiconductor Mfg.

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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