Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 22.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,176,860 shares of the semiconductor company’s stock after acquiring an additional 403,796 shares during the period. Van ECK Associates Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $81,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Cornerstone Advisors Inc. lifted its position in Taiwan Semiconductor Manufacturing by 0.3% during the second quarter. Cornerstone Advisors Inc. now owns 10,266 shares of the semiconductor company’s stock worth $359,000 after buying an additional 30 shares in the last quarter. Baldwin Investment Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 0.5% during the second quarter. Baldwin Investment Management LLC now owns 25,783 shares of the semiconductor company’s stock worth $901,000 after buying an additional 124 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in Taiwan Semiconductor Manufacturing by 1.0% during the second quarter. Bahl & Gaynor Inc. now owns 16,055 shares of the semiconductor company’s stock worth $462,000 after buying an additional 162 shares in the last quarter. 440 Investment Group LLC lifted its position in Taiwan Semiconductor Manufacturing by 1.2% during the second quarter. 440 Investment Group LLC now owns 21,579 shares of the semiconductor company’s stock worth $754,000 after buying an additional 250 shares in the last quarter. Finally, People s United Financial Inc. lifted its position in Taiwan Semiconductor Manufacturing by 3.3% during the second quarter. People s United Financial Inc. now owns 8,056 shares of the semiconductor company’s stock worth $282,000 after buying an additional 254 shares in the last quarter. 19.31% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts recently commented on the company. KeyCorp reiterated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Daiwa Capital Markets downgraded Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research report on Thursday, October 19th. Finally, J P Morgan Chase & Co upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $27.00.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded down $0.17 during mid-day trading on Friday, hitting $42.41. The company had a trading volume of 2,768,600 shares, compared to its average volume of 5,733,027. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.36 and a quick ratio of 2.11. The stock has a market cap of $219,938.27, a P/E ratio of 19.82, a PEG ratio of 1.31 and a beta of 0.77. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.34 and a 52-week high of $42.87.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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