Today The Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Shares Bought by Coronation Fund Managers Ltd.

Today The Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Shares Bought by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. increased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2.0% during the third quarter, Holdings Channel reports. The institutional investor owned 1,767,347 shares of the company’s stock after buying an additional 35,208 shares during the period. Taiwan Semiconductor Manufacturing Company accounts for about 2.0% of Coronation Fund Managers Ltd.’s investment portfolio, making the stock its 15th largest position. Coronation Fund Managers Ltd.’s holdings in Taiwan Semiconductor Manufacturing Company were worth $54,063,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TSM. PineBridge Investments L.P. raised its stake in shares of Taiwan Semiconductor Manufacturing Company by 7.3% in the second quarter. PineBridge Investments L.P. now owns 4,036 shares of the company’s stock worth $106,000 after buying an additional 275 shares in the last quarter. Howe & Rusling Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing Company by 11.1% in the second quarter. Howe & Rusling Inc. now owns 4,595 shares of the company’s stock worth $121,000 after buying an additional 458 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of Taiwan Semiconductor Manufacturing Company by 211.0% in the third quarter. NEXT Financial Group Inc now owns 4,227 shares of the company’s stock worth $129,000 after buying an additional 2,868 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing Company by 94.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 5,217 shares of the company’s stock worth $137,000 after buying an additional 2,528 shares in the last quarter. Finally, Mycio Wealth Partners LLC raised its stake in shares of Taiwan Semiconductor Manufacturing Company by 5.3% in the second quarter. Mycio Wealth Partners LLC now owns 5,266 shares of the company’s stock worth $138,000 after buying an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 19.61% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded up 0.49% during mid-day trading on Wednesday, reaching $30.97. 2,391,841 shares of the company traded hands. The firm has a market capitalization of $160.61 billion, a price-to-earnings ratio of 16.74 and a beta of 0.90. The firm has a 50-day moving average price of $29.64 and a 200 day moving average price of $29.50. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $21.48 and a 52 week high of $31.62.

A number of brokerages have recently commented on TSM. Zacks Investment Research lowered shares of Taiwan Semiconductor Manufacturing Company from a “buy” rating to a “hold” rating in a research note on Wednesday, January 18th. Susquehanna reiterated a “neutral” rating on shares of Taiwan Semiconductor Manufacturing Company in a research note on Friday, January 6th. Finally, HSBC Holdings plc lowered shares of Taiwan Semiconductor Manufacturing Company from a “buy” rating to a “hold” rating in a research note on Thursday, October 13th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing Company has an average rating of “Hold” and an average target price of $31.00.

Taiwan Semiconductor Manufacturing Company Company Profile

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.

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