Fisher Asset Management LLC lowered its stake in shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,825,155 shares of the company’s stock after selling 416,394 shares during the period. Taiwan Semiconductor Manufacturing makes up 1.6% of Fisher Asset Management LLC’s holdings, making the stock its 13th largest position. Fisher Asset Management LLC owned about 0.56% of Taiwan Semiconductor Manufacturing worth $881,761,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. PineBridge Investments L.P. increased its position in Taiwan Semiconductor Manufacturing by 7.3% in the second quarter. PineBridge Investments L.P. now owns 4,036 shares of the company’s stock valued at $106,000 after buying an additional 275 shares during the period. Howe & Rusling Inc. increased its position in Taiwan Semiconductor Manufacturing by 11.1% in the second quarter. Howe & Rusling Inc. now owns 4,595 shares of the company’s stock valued at $121,000 after buying an additional 458 shares during the period. Glenmede Trust Co. NA increased its position in Taiwan Semiconductor Manufacturing by 117.5% in the second quarter. Glenmede Trust Co. NA now owns 4,800 shares of the company’s stock valued at $125,000 after buying an additional 2,593 shares during the period. O Shaughnessy Asset Management LLC increased its position in Taiwan Semiconductor Manufacturing by 94.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 5,217 shares of the company’s stock valued at $137,000 after buying an additional 2,528 shares during the period. Finally, Mycio Wealth Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 5.3% in the second quarter. Mycio Wealth Partners LLC now owns 5,266 shares of the company’s stock valued at $138,000 after buying an additional 266 shares during the period. Hedge funds and other institutional investors own 19.35% of the company’s stock.

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

Shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) traded up 0.61% during midday trading on Monday, hitting $29.65. 4,477,133 shares of the stock were exchanged. Taiwan Semiconductor Manufacturing Co. has a one year low of $20.45 and a one year high of $31.62. The company has a market cap of $153.77 billion, a price-to-earnings ratio of 16.07 and a beta of 0.94. The firm has a 50 day moving average of $30.59 and a 200-day moving average of $27.97.

Several equities analysts recently weighed in on TSM shares. HSBC downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Tuesday, October 4th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, September 21st. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, September 19th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Taiwan Semiconductor Manufacturing has an average rating of “Buy” and a consensus price target of $30.50.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Co, Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes, including processes to manufacture CMOS (complementary metal oxide silicon) logic, mixed-signal, radio frequency (RF), embedded memory, BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors.

5 Day Chart for NYSE:TSM

Receive News & Stock Ratings for Taiwan Semiconductor Manufacturing Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing Co. and related stocks with our FREE daily email newsletter.