Earnest Partners LLC Sells 797,252 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Earnest Partners LLC trimmed its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 44.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,008,956 shares of the semiconductor company’s stock after selling 797,252 shares during the period. Earnest Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $37,886,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Baldwin Investment Management LLC grew its position in Taiwan Semiconductor Manufacturing by 0.5% in the second quarter. Baldwin Investment Management LLC now owns 25,783 shares of the semiconductor company’s stock worth $901,000 after acquiring an additional 124 shares in the last quarter. Bahl & Gaynor Inc. grew its position in Taiwan Semiconductor Manufacturing by 1.0% in the second quarter. Bahl & Gaynor Inc. now owns 16,055 shares of the semiconductor company’s stock worth $462,000 after acquiring an additional 162 shares in the last quarter. People s United Financial Inc. grew its position in Taiwan Semiconductor Manufacturing by 3.3% in the second quarter. People s United Financial Inc. now owns 8,056 shares of the semiconductor company’s stock worth $282,000 after acquiring an additional 254 shares in the last quarter. Sterling Capital Management LLC grew its position in Taiwan Semiconductor Manufacturing by 2.7% in the second quarter. Sterling Capital Management LLC now owns 11,831 shares of the semiconductor company’s stock worth $414,000 after acquiring an additional 314 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its position in Taiwan Semiconductor Manufacturing by 2.8% in the second quarter. Wesbanco Bank Inc. now owns 14,832 shares of the semiconductor company’s stock worth $519,000 after acquiring an additional 400 shares in the last quarter. 19.63% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded down $0.01 during midday trading on Monday, hitting $39.00. 5,071,500 shares of the company traded hands, compared to its average volume of 5,802,339. The company has a current ratio of 2.36, a quick ratio of 2.11 and a debt-to-equity ratio of 0.06. The company has a market cap of $202,254.00, a P/E ratio of 18.22, a P/E/G ratio of 1.20 and a beta of 0.74. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $28.50 and a fifty-two week high of $43.02.

TSM has been the subject of several recent research reports. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. J P Morgan Chase & Co raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 10th. Daiwa Capital Markets downgraded shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a report on Thursday, October 19th. KeyCorp reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 20th. Finally, Morgan Stanley downgraded shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, November 27th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Taiwan Semiconductor Manufacturing has a consensus rating of “Hold” and an average price target of $27.00.

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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.

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

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