Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 557,291 shares of the semiconductor company’s stock after selling 92,709 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 3.7% of E Fund Management Co. Ltd.’s portfolio, making the stock its 4th largest position. E Fund Management Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $57,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Congress Wealth Management LLC DE boosted its holdings in Taiwan Semiconductor Manufacturing by 2.2% during the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after buying an additional 671 shares in the last quarter. CapWealth Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after buying an additional 21,329 shares in the last quarter. Fisher Asset Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after acquiring an additional 442,289 shares during the last quarter. Verus Capital Partners LLC raised its position in Taiwan Semiconductor Manufacturing by 53.6% during the third quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock worth $279,000 after acquiring an additional 1,119 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Taiwan Semiconductor Manufacturing by 99.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 2,534 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSM has been the subject of a number of analyst reports. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Finally, TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 0.6 %

Shares of NYSE:TSM traded down $0.81 during mid-day trading on Thursday, hitting $142.79. 7,860,537 shares of the company traded hands, compared to its average volume of 15,247,035. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $82.53 and a 52-week high of $158.40. The firm’s 50 day simple moving average is $138.61 and its 200 day simple moving average is $117.32. The firm has a market cap of $740.57 billion, a P/E ratio of 27.08, a PEG ratio of 1.01 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.