Odey Asset Management Group Ltd cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,650 shares of the semiconductor company’s stock after selling 12,350 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 1.1% of Odey Asset Management Group Ltd’s holdings, making the stock its 20th biggest position. Odey Asset Management Group Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $4,764,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $25,000. LFA Lugano Financial Advisors SA bought a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $28,000. Albion Financial Group UT bought a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $28,000. Milestone Resources Group Ltd boosted its holdings in Taiwan Semiconductor Manufacturing by 54.4% in the 2nd quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 87 shares during the period. Finally, Atlas Private Wealth Advisors boosted its holdings in Taiwan Semiconductor Manufacturing by 202.3% in the 2nd quarter. Atlas Private Wealth Advisors now owns 260 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 174 shares during the period. 16.55% of the stock is owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing stock traded down $0.83 during midday trading on Monday, hitting $113.40. 49,970 shares of the stock were exchanged, 9,907,614. The company has a fifty day simple moving average of $115.64 and a two-hundred day simple moving average of $116.76. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $83.16 and a 52 week high of $142.20. The stock has a market capitalization of $588.10 billion, a PE ratio of 30.38, a P/E/G ratio of 1.90 and a beta of 0.89. The company has a quick ratio of 1.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.22.
TSM has been the subject of a number of research reports. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their price target for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Thursday, September 16th. Cowen assumed coverage on shares of Taiwan Semiconductor Manufacturing Monday, October 11th. They set a “market perform” rating and a $120.00 target price for the company. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their target price for the stock from $85.00 to $105.00 Wednesday, June 30th. Finally, Needham & Company LLC assumed coverage on shares of Taiwan Semiconductor Manufacturing Tuesday, July 13th. They set a “buy” rating and a $123.05 target price for the company. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.76.
Taiwan Semiconductor Manufacturing Profile
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.
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