Today, CIBC World Markets Inc. Buys 15,442 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Today, CIBC World Markets Inc. Buys 15,442 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

CIBC World Markets Inc. raised its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 17.5% during the third quarter, Holdings Channel reports. The institutional investor owned 103,712 shares of the company’s stock after buying an additional 15,442 shares during the period. CIBC World Markets Inc.’s holdings in Taiwan Semiconductor Mfg. Co. were worth $3,173,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hosking Partners LLP boosted its stake in shares of Taiwan Semiconductor Mfg. Co. by 13.8% in the third quarter. Hosking Partners LLP now owns 1,378,403 shares of the company’s stock worth $42,165,000 after buying an additional 167,210 shares in the last quarter. CAM Group Holding A S boosted its stake in Taiwan Semiconductor Mfg. Co. by 423.5% in the third quarter. CAM Group Holding A S now owns 1,676,460 shares of the company’s stock worth $51,283,000 after buying an additional 1,356,200 shares during the period. Victory Capital Management Inc. purchased a new stake in Taiwan Semiconductor Mfg. Co. during the third quarter worth about $3,635,000. Advisors Preferred LLC purchased a new stake in Taiwan Semiconductor Mfg. Co. during the third quarter worth about $120,000. Finally, Carderock Capital Management Inc. boosted its stake in Taiwan Semiconductor Mfg. Co. by 27.3% in the third quarter. Carderock Capital Management Inc. now owns 146,830 shares of the company’s stock worth $4,492,000 after buying an additional 31,463 shares during the period. Hedge funds and other institutional investors own 19.35% of the company’s stock.

Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) traded down 0.77% on Friday, hitting $29.66. 2,101,788 shares of the stock were exchanged. The firm has a market capitalization of $153.82 billion, a PE ratio of 16.16 and a beta of 0.94. Taiwan Semiconductor Mfg. Co. Ltd. has a one year low of $20.45 and a one year high of $31.62. The company has a 50-day moving average price of $30.53 and a 200-day moving average price of $28.13.

A number of equities research analysts have issued reports on the stock. Bank of America Corp. restated a “buy” rating on shares of Taiwan Semiconductor Mfg. Co. in a report on Monday, September 19th. Susquehanna upgraded shares of Taiwan Semiconductor Mfg. Co. from a “negative” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, October 4th. HSBC cut shares of Taiwan Semiconductor Mfg. Co. from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. Finally, Zacks Investment Research cut shares of Taiwan Semiconductor Mfg. Co. from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $30.50.

About Taiwan Semiconductor Mfg. Co.

Taiwan Semiconductor Manufacturing Company Ltd. is a Taiwan-based company principally engaged in the manufacture and sales of integrated circuits and semiconductors. The main businesses of the Company include the computer-aided design, manufacture, packaging, testing and sales of integrated circuits and other semiconductor devices, as well as the manufacture of masks.

Related posts

Leave a Comment