Schroder Investment Management Group Lowers Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Schroder Investment Management Group lessened its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,771,028 shares of the semiconductor company’s stock after selling 695,059 shares during the period. Taiwan Semiconductor Manufacturing comprises 1.1% of Schroder Investment Management Group’s portfolio, making the stock its 8th biggest holding. Schroder Investment Management Group owned approximately 0.32% of Taiwan Semiconductor Manufacturing worth $621,366,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bruderman Asset Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $115,000. AGF Investments Inc. increased 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 worth $137,000 after buying an additional 1,416 shares in the last quarter. Pictet & Cie Europe SA increased 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 worth $193,000 after buying an additional 6,586 shares in the last quarter. Conning Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $201,000. Finally, Murphy Pohlad Asset Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $202,000. Institutional investors and hedge funds own 19.63% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded down $0.19 on Wednesday, reaching $39.20. 4,503,900 shares of the company traded hands, compared to its average volume of 5,769,979. The company has a market cap of $204,276.53, a PE ratio of 18.41, a P/E/G ratio of 1.21 and a beta of 0.74. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $28.50 and a 1-year high of $43.02. The company has a quick ratio of 2.11, a current ratio of 2.36 and a debt-to-equity ratio of 0.06.

Several analysts have recently weighed in on the stock. Morgan Stanley cut shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, November 27th. KeyCorp reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 20th. Daiwa Capital Markets cut shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research note on Thursday, October 19th. J P Morgan Chase & Co raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $27.00.

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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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