Augustine Asset Management Inc. cut its stake in shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,767 shares of the company’s stock after selling 810 shares during the period. Taiwan Semiconductor Manufacturing comprises 4.3% of Augustine Asset Management Inc.’s holdings, making the stock its 5th largest position. Augustine Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,835,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in TSM. PineBridge Investments L.P. increased its stake 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 stake in Taiwan Semiconductor Manufacturing by 11.1% in the second quarter. Howe & Rusling Inc. now owns 4,595 shares of the company’s stock worth $121,000 after buying an additional 458 shares during the last quarter. Glenmede Trust Co. NA increased its stake 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 worth $125,000 after buying an additional 2,593 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake 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 worth $137,000 after buying an additional 2,528 shares during the last quarter. Finally, Mycio Wealth Partners LLC increased its stake 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 worth $138,000 after buying an additional 266 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

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

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) traded up 0.47% during trading on Wednesday, hitting $29.69. The stock had a trading volume of 6,382,487 shares. Taiwan Semiconductor Manufacturing Co. has a 52 week low of $20.45 and a 52 week high of $31.62. The company has a 50-day moving average of $30.45 and a 200-day moving average of $28.30. The stock has a market capitalization of $153.97 billion, a P/E ratio of 16.27 and a beta of 0.94.

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A number of research firms have recently weighed in on TSM. Bank of America Corp. reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, September 19th. Zacks Investment Research downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. HSBC downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Finally, Susquehanna upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Tuesday, October 4th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.50.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Ltd. is a Taiwan-based company principally engaged in the manufacture and sales of integrated circuits and semiconductors. The main businesses of the Company include the computer-aided design, manufacture, packaging, testing and sales of integrated circuits and other semiconductor devices, as well as the manufacture of masks.

5 Day Chart for NYSE:TSM

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