Knuff & Co LLC Decreases Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Knuff & Co LLC lowered its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,841 shares of the semiconductor company’s stock after selling 1,600 shares during the quarter. Knuff & Co LLC’s holdings in Taiwan Semiconductor Mfg. were worth $1,155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in Taiwan Semiconductor Mfg. by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,362,944 shares of the semiconductor company’s stock worth $1,541,848,000 after acquiring an additional 212,600 shares during the last quarter. Sanders Capital LLC increased its holdings in Taiwan Semiconductor Mfg. by 2.8% in the 2nd quarter. Sanders Capital LLC now owns 36,914,907 shares of the semiconductor company’s stock worth $1,597,773,000 after acquiring an additional 1,011,400 shares during the last quarter. WCM Investment Management LLC increased its holdings in Taiwan Semiconductor Mfg. by 6.0% in the 3rd quarter. WCM Investment Management LLC now owns 27,285,756 shares of the semiconductor company’s stock worth $1,268,241,000 after acquiring an additional 1,547,855 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Taiwan Semiconductor Mfg. by 65.2% in the 2nd quarter. Renaissance Technologies LLC now owns 14,302,152 shares of the semiconductor company’s stock worth $560,215,000 after acquiring an additional 5,643,870 shares during the last quarter. Finally, Fiera Capital Corp increased its holdings in Taiwan Semiconductor Mfg. by 2.1% in the 2nd quarter. Fiera Capital Corp now owns 13,866,468 shares of the semiconductor company’s stock worth $543,149,000 after acquiring an additional 291,289 shares during the last quarter. 19.12% of the stock is owned by institutional investors.

TSM stock traded down $0.18 during mid-day trading on Monday, reaching $52.65. 2,547,156 shares of the company traded hands, compared to its average volume of 7,894,698. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.45. The company has a market capitalization of $273.98 billion, a P/E ratio of 23.50, a P/E/G ratio of 2.41 and a beta of 1.02. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $34.22 and a 52-week high of $54.37. The company has a fifty day moving average price of $49.04 and a 200-day moving average price of $43.41.

Several equities research analysts recently weighed in on TSM shares. Morgan Stanley raised Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Wednesday, September 4th. CLSA raised Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a report on Friday, July 19th. ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Saturday, August 3rd. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $55.00 price objective on shares of Taiwan Semiconductor Mfg. in a report on Monday, September 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $51.00.

Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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