Odey Holdings Ltd purchased a new stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,000 shares of the semiconductor company’s stock, valued at approximately $721,000. Taiwan Semiconductor Manufacturing accounts for about 6.1% of Odey Holdings Ltd’s holdings, making the stock its 5th biggest position.

A number of other institutional investors have also made changes to their positions in the business. Credit Agricole S A grew its holdings in shares of Taiwan Semiconductor Manufacturing by 104.8% in the 1st quarter. Credit Agricole S A now owns 15,645 shares of the semiconductor company’s stock worth $1,850,000 after purchasing an additional 8,006 shares during the last quarter. Brandes Investment Partners LP grew its holdings in shares of Taiwan Semiconductor Manufacturing by 10.6% in the 2nd quarter. Brandes Investment Partners LP now owns 37,400 shares of the semiconductor company’s stock worth $4,494,000 after purchasing an additional 3,599 shares during the last quarter. TCW Group Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $2,768,000. Kingfisher Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 6.3% in the 2nd quarter. Kingfisher Capital LLC now owns 29,089 shares of the semiconductor company’s stock worth $3,495,000 after purchasing an additional 1,728 shares during the last quarter. Finally, Sterling Investment Management Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $2,964,000. 16.55% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing stock traded down $0.04 during trading hours on Monday, reaching $114.19. 76,209 shares of the company’s stock traded hands, compared to its average volume of 9,907,614. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.92. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $83.16 and a fifty-two week high of $142.20. The firm has a market capitalization of $592.20 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.90 and a beta of 0.89. The firm’s 50 day moving average is $115.64 and its 200-day moving average is $116.76.

TSM has been the topic of several analyst reports. Cowen assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 11th. They issued a “market perform” rating and a $120.00 target price on the stock. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their price objective for the stock 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. Susquehanna Bancshares raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and increased their price objective for the stock from $85.00 to $105.00 in a report on Wednesday, June 30th. Finally, Needham & Company LLC assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, July 13th. They set a “buy” rating and a $123.05 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.

Read More: Initial Coin Offering (ICO)

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