Keybank National Association OH Sells 13,646 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Keybank National Association OH decreased its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,878 shares of the semiconductor company’s stock after selling 13,646 shares during the quarter. Keybank National Association OH’s holdings in Taiwan Semiconductor Mfg. were worth $5,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSM. State of New Jersey Common Pension Fund D lifted its stake in shares of Taiwan Semiconductor Mfg. by 8.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 3,451,476 shares of the semiconductor company’s stock worth $135,194,000 after purchasing an additional 259,818 shares during the last quarter. Charter Trust Co. lifted its stake in shares of Taiwan Semiconductor Mfg. by 58.8% during the 2nd quarter. Charter Trust Co. now owns 18,542 shares of the semiconductor company’s stock worth $726,000 after purchasing an additional 6,866 shares during the last quarter. CWM LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 55.0% during the 3rd quarter. CWM LLC now owns 3,664 shares of the semiconductor company’s stock worth $170,000 after purchasing an additional 1,300 shares during the last quarter. ARK Investment Management LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 4.2% during the 2nd quarter. ARK Investment Management LLC now owns 74,861 shares of the semiconductor company’s stock worth $2,932,000 after purchasing an additional 3,026 shares during the last quarter. Finally, Capital Insight Partners LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 2.7% during the 2nd quarter. Capital Insight Partners LLC now owns 21,586 shares of the semiconductor company’s stock worth $846,000 after purchasing an additional 559 shares during the last quarter. 19.12% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Mfg. stock traded down $0.84 during midday trading on Friday, reaching $52.83. The company’s stock had a trading volume of 6,542,655 shares, compared to its average volume of 7,894,698. The stock’s 50-day simple moving average is $49.04 and its 200-day simple moving average is $43.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.45. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $34.22 and a 52-week high of $54.37. The stock has a market capitalization of $277.71 billion, a P/E ratio of 23.58, a PEG ratio of 2.41 and a beta of 1.02.

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

About Taiwan Semiconductor Mfg.

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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