CIBC Asset Management Inc Sells 93,800 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

CIBC Asset Management Inc trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 20.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 367,957 shares of the semiconductor company’s stock after selling 93,800 shares during the period. CIBC Asset Management Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $13,817,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.3% during the second quarter. Cornerstone Advisors Inc. now owns 10,266 shares of the semiconductor company’s stock valued at $359,000 after purchasing an additional 30 shares during the last quarter. Baldwin Investment Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.5% during the second quarter. Baldwin Investment Management LLC now owns 25,783 shares of the semiconductor company’s stock valued at $901,000 after purchasing an additional 124 shares during the last quarter. Bahl & Gaynor Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.0% during the second quarter. Bahl & Gaynor Inc. now owns 16,055 shares of the semiconductor company’s stock valued at $462,000 after purchasing an additional 162 shares during the last quarter. 440 Investment Group LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% during the second quarter. 440 Investment Group LLC now owns 21,579 shares of the semiconductor company’s stock valued at $754,000 after purchasing an additional 250 shares during the last quarter. Finally, People s United Financial Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% during the second quarter. People s United Financial Inc. now owns 8,056 shares of the semiconductor company’s stock valued at $282,000 after purchasing an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 19.30% of the company’s stock.

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

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Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded up $0.29 during midday trading on Tuesday, reaching $42.01. 2,221,900 shares of the company were exchanged, compared to its average volume of 5,806,160. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $28.34 and a 52 week high of $42.71. The stock has a market cap of $216,359.92, a price-to-earnings ratio of 19.50, a P/E/G ratio of 1.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.60.

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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