Janney Montgomery Scott LLC Sells 3,155 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Janney Montgomery Scott LLC decreased its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 8.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,951 shares of the semiconductor company’s stock after selling 3,155 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Taiwan Semiconductor Mfg. were worth $1,671,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Quest Capital Management Inc. ADV bought a new position in shares of Taiwan Semiconductor Mfg. in the third quarter worth about $32,000. Trustcore Financial Services LLC raised its stake in shares of Taiwan Semiconductor Mfg. by 129.9% in the second quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock worth $27,000 after buying an additional 395 shares during the period. Horan Capital Advisors LLC. bought a new position in shares of Taiwan Semiconductor Mfg. in the third quarter worth about $33,000. JNBA Financial Advisors raised its stake in shares of Taiwan Semiconductor Mfg. by 87.5% in the second quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock worth $35,000 after buying an additional 421 shares during the period. Finally, Kavar Capital Partners LLC bought a new position in shares of Taiwan Semiconductor Mfg. in the second quarter worth about $38,000. 19.12% of the stock is currently owned by institutional investors.

Several research firms have recently commented on TSM. ValuEngine downgraded Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley raised Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 4th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Taiwan Semiconductor Mfg. in a research note on Monday, September 30th. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Saturday, August 3rd. Finally, CLSA raised Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $51.00.

Shares of TSM opened at $53.67 on Friday. The business’s 50 day moving average is $48.88 and its 200 day moving average is $43.37. The company has a market capitalization of $277.71 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. Taiwan Semiconductor Mfg. Co. Ltd. has a 12-month low of $34.22 and a 12-month high of $54.37. The company has a current ratio of 1.62, a quick ratio of 1.45 and a debt-to-equity ratio of 0.03.

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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