Oppenheimer Asset Management Inc. Acquires 14,375 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Oppenheimer Asset Management Inc. boosted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 3.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 467,919 shares of the semiconductor company’s stock after purchasing an additional 14,375 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $17,572,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TSM. Bruderman Asset Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $115,000. AGF Investments Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 63.8% during the third quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 1,416 shares during the last quarter. Pictet & Cie Europe SA grew its holdings in shares of Taiwan Semiconductor Manufacturing by 30.6% during the second quarter. Pictet & Cie Europe SA now owns 28,110 shares of the semiconductor company’s stock valued at $193,000 after buying an additional 6,586 shares during the last quarter. Conning Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $201,000. Finally, Murphy Pohlad Asset Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 19.63% of the company’s stock.

A number of equities research analysts have recently commented on TSM shares. Daiwa Capital Markets cut shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a 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 report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Morgan Stanley cut shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, November 27th. Finally, KeyCorp reiterated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 20th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.00.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded down $0.52 during trading on Thursday, reaching $38.68. 8,622,300 shares of the company were exchanged, compared to its average volume of 5,782,117. The company has a market capitalization of $203,291.20, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.21 and a beta of 0.74. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $28.50 and a 12 month high of $43.02. The company has a current ratio of 2.36, a quick ratio of 2.11 and a debt-to-equity ratio of 0.06.

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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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