Tower Bridge Advisors Trims Stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Tower Bridge Advisors reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 148,432 shares of the company’s stock after selling 3,650 shares during the period. Tower Bridge Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $5,574,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Capital World Investors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.5% in the 2nd quarter. Capital World Investors now owns 65,624,246 shares of the company’s stock valued at $2,294,224,000 after purchasing an additional 313,792 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 10.6% in the 2nd quarter. Vanguard Group Inc. now owns 43,283,137 shares of the company’s stock valued at $1,513,179,000 after purchasing an additional 4,139,915 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.6% in the 3rd quarter. Sanders Capital LLC now owns 33,140,101 shares of the company’s stock valued at $1,350,596,000 after purchasing an additional 1,156,348 shares during the last quarter. FMR LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.5% in the 2nd quarter. FMR LLC now owns 29,874,295 shares of the company’s stock valued at $1,044,405,000 after purchasing an additional 735,888 shares during the last quarter. Finally, WCM Investment Management CA lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.6% in the 2nd quarter. WCM Investment Management CA now owns 18,775,096 shares of the company’s stock valued at $656,377,000 after purchasing an additional 1,162,737 shares during the last quarter. 19.30% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Tower Bridge Advisors Trims Stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/11/13/tower-bridge-advisors-trims-stake-in-taiwan-semiconductor-manufacturing-company-ltd-tsm.html.

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

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded up C$0.14 during mid-day trading on Monday, reaching C$41.86. The company had a trading volume of 801,749 shares, compared to its average volume of 5,822,602. The firm has a market cap of $206,520.00, a PE ratio of 19.50, a PEG ratio of 1.28 and a beta of 0.77. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of C$28.34 and a 1 year high of C$42.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.60 and a quick ratio of 1.48.

Taiwan Semiconductor Manufacturing 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.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM).

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

Receive News & Ratings for Taiwan Semiconductor Manufacturing Company Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing Company Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply