Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Position Cut by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX lowered its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 4.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,390 shares of the semiconductor company’s stock after selling 1,200 shares during the period. Cypress Asset Management Inc. TX’s holdings in Taiwan Semiconductor Mfg. were worth $999,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Candriam Luxembourg S.C.A. increased its position in shares of Taiwan Semiconductor Mfg. by 26.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 585,686 shares of the semiconductor company’s stock valued at $21,617,000 after buying an additional 123,803 shares in the last quarter. Avalon Advisors LLC lifted its stake in shares of Taiwan Semiconductor Mfg. by 0.4% in the 1st quarter. Avalon Advisors LLC now owns 202,665 shares of the semiconductor company’s stock valued at $8,301,000 after purchasing an additional 729 shares during the last quarter. Two Sigma Securities LLC lifted its stake in Taiwan Semiconductor Mfg. by 144.8% during the 4th quarter. Two Sigma Securities LLC now owns 5,969 shares of the semiconductor company’s stock worth $220,000 after acquiring an additional 19,286 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Taiwan Semiconductor Mfg. by 32.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,000 shares of the semiconductor company’s stock worth $148,000 after acquiring an additional 970 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Taiwan Semiconductor Mfg. by 2.2% during the 4th quarter. Handelsbanken Fonder AB now owns 1,093,426 shares of the semiconductor company’s stock worth $40,358,000 after acquiring an additional 23,426 shares in the last quarter. Hedge funds and other institutional investors own 19.92% of the company’s stock.

TSM stock traded down $0.40 during trading on Wednesday, reaching $38.90. 12,217,500 shares of the stock traded hands, compared to its average volume of 8,533,490. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $34.22 and a 52-week high of $45.64. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.03. The company has a market cap of $203.81 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.45 and a beta of 0.98.

A number of research firms recently issued reports on TSM. Zacks Investment Research downgraded Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Finally, Goldman Sachs Group started coverage on Taiwan Semiconductor Mfg. in a research report on Tuesday, May 7th. They issued a “buy” rating and a $50.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $48.00.

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Taiwan Semiconductor Mfg. Company Profile

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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