Echo Street Capital Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 954,883 shares of the semiconductor company’s stock, valued at approximately $114,739,000. Several other institutional investors also recently added to or reduced their stakes in TSM. Eagle Bay Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $28,000. Albion Financial Group UT bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $28,000. Milestone Resources Group Ltd raised its position in shares of Taiwan Semiconductor Manufacturing by 54.4% during the second quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 87 shares during the last quarter. Finally, Atlas Private Wealth Advisors raised its position in shares of Taiwan Semiconductor Manufacturing by 202.3% during the second quarter. Atlas Private Wealth Advisors now owns 260 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 16.55% of the company’s stock. NYSE TSM traded down $2.06 on Friday, hitting $114.23. 6,273,361 shares of the stock were exchanged, compared to its average volume of 9,955,978. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.92. The stock has a fifty day moving average price of $115.64 and a two-hundred day moving average price of $116.76. The firm has a market capitalization of $592.41 billion, a P/E ratio of 30.38, a P/E/G ratio of 1.90 and a beta of 0.89. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $83.16 and a 52-week high of $142.20. Several equities research analysts recently weighed in on TSM shares. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price target for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price target for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, September 16th. Needham & Company LLC started coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price target on the stock. Finally, Cowen started coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 11th. They issued a “market perform” rating and a $120.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $126.76. About Taiwan Semiconductor Manufacturing Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras. See Also: Conference Calls Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with [MarketBeat.com's FREE daily email newsletter](/daily-email-updates-basic/?symbol=NYSE:TSM&c=Taiwan+Semiconductor+Manufacturing) .