Glovista Investments LLC Takes $1.31 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Glovista Investments LLC acquired a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the third quarter, according to its most recent filing with the SEC. The fund acquired 34,992 shares of the semiconductor company’s stock, valued at approximately $1,314,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bruderman Asset Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $115,000. AGF Investments Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 63.8% during the 3rd quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock valued at $137,000 after purchasing an additional 1,416 shares in the last quarter. Conning Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $201,000. Murphy Pohlad Asset Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $202,000. Finally, Quantum Capital Management purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 19.63% of the company’s stock.

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

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded down $0.52 during trading hours on Thursday, reaching $38.68. 8,622,300 shares of the company traded hands, compared to its average volume of 5,782,117. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $28.50 and a one year high of $43.02. The stock has a market capitalization of $203,291.20, a price-to-earnings ratio of 18.32, a PEG ratio of 1.21 and a beta of 0.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.36 and a quick ratio of 2.11.

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About Taiwan Semiconductor Manufacturing

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.

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

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