WCM Investment Management CA increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,286,559 shares of the semiconductor company’s stock after buying an additional 511,463 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 9.1% of WCM Investment Management CA’s portfolio, making the stock its 2nd biggest holding. WCM Investment Management CA owned approximately 0.37% of Taiwan Semiconductor Manufacturing worth $724,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TSM. Bruderman Asset Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $115,000. Sit Investment Associates Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 107.7% in the 2nd quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock worth $189,000 after purchasing an additional 2,800 shares during the period. Pictet & Cie Europe SA raised its holdings in shares of Taiwan Semiconductor Manufacturing by 30.6% in the 2nd quarter. Pictet & Cie Europe SA now owns 28,110 shares of the semiconductor company’s stock worth $193,000 after purchasing an additional 6,586 shares during the period. Conning Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $201,000. Finally, Murphy Pohlad Asset Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $202,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.

TSM has been the subject of a number of recent research reports. KeyCorp reiterated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 20th. BidaskClub lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Daiwa Capital Markets lowered Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research note on Thursday, October 19th. Finally, J P Morgan Chase & Co upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 10th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $27.00.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded up $0.29 during midday trading on Tuesday, reaching $42.01. The company’s stock had a trading volume of 2,221,900 shares, compared to its average volume of 5,806,160. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $28.34 and a 12-month high of $42.71. The company has a current ratio of 1.60, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The firm has a market cap of $216,359.92, a price-to-earnings ratio of 19.50, a PEG ratio of 1.28 and a beta of 0.77.

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Taiwan Semiconductor Manufacturing Company 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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