Today: Today, Trilogy Global Advisors LP decides to keep it stake in Taiwan Semiconductor Manufacturing Co. (TSM) to the level of $109,440,000

Today, Trilogy Global Advisors LP decides to keep it stake in Taiwan Semiconductor Manufacturing Co. (TSM) to the level of $109,440,000

Trilogy Global Advisors LP reduced its position in Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,577,637 shares of the company’s stock after selling 148,097 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 3.6% of Trilogy Global Advisors LP’s portfolio, making the stock its 5th largest position. Trilogy Global Advisors LP owned about 0.07% of Taiwan Semiconductor Manufacturing worth $109,440,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Emerald Acquisition Ltd. acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth $603,665,000. Canada Pension Plan Investment Board boosted its position in shares of Taiwan Semiconductor Manufacturing by 715.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,961,072 shares of the company’s stock worth $103,899,000 after buying an additional 3,475,432 shares in the last quarter. FMR LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 9.3% in the second quarter. FMR LLC now owns 26,525,514 shares of the company’s stock worth $695,765,000 after buying an additional 2,253,067 shares in the last quarter. Sarasin & Partners LLP boosted its position in shares of Taiwan Semiconductor Manufacturing by 84.0% in the third quarter. Sarasin & Partners LLP now owns 4,852,108 shares of the company’s stock worth $148,426,000 after buying an additional 2,214,516 shares in the last quarter. Finally, Cornerstone Investment Partners LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 25,054.6% in the third quarter. Cornerstone Investment Partners LLC now owns 1,962,814 shares of the company’s stock worth $60,042,000 after buying an additional 1,955,011 shares in the last quarter. 19.35% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) opened at 29.65 on Friday. Taiwan Semiconductor Manufacturing Co. has a 12-month low of $20.45 and a 12-month high of $31.62. The firm has a market cap of $153.77 billion, a PE ratio of 16.16 and a beta of 0.94. The stock has a 50 day moving average of $30.53 and a 200 day moving average of $28.13.

A number of research analysts recently issued reports on the stock. HSBC cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Tuesday, October 4th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, September 21st. Finally, Bank of America Corp. restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, September 19th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $30.50.

Taiwan Semiconductor Manufacturing Company Profile

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