Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Position Lifted by Assetmark Inc.

Assetmark Inc. lifted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 130.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,926 shares of the semiconductor company’s stock after purchasing an additional 217,752 shares during the quarter. Assetmark Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $14,454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSM. Bruderman Asset Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $115,000. Sit Investment Associates Inc. increased its stake 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 valued at $189,000 after purchasing an additional 2,800 shares in the last quarter. Pictet & Cie Europe SA increased its stake 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 valued at $193,000 after purchasing an additional 6,586 shares in the last quarter. Conning Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $201,000. Finally, Murphy Pohlad Asset Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $202,000. 19.63% of the stock is owned by institutional investors.

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

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) opened at $39.01 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $28.50 and a twelve month high of $43.02. The company has a market capitalization of $197,640.00, a P/E ratio of 18.32, a P/E/G 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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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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