Bailard Inc. trimmed its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 1.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 109,662 shares of the semiconductor company’s stock after selling 1,776 shares during the quarter. Bailard Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $4,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake in Taiwan Semiconductor Mfg. by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 44,674,092 shares of the semiconductor company’s stock worth $1,633,286,000 after purchasing an additional 2,367,792 shares during the period. Fisher Asset Management LLC increased its stake in Taiwan Semiconductor Mfg. by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 36,229,503 shares of the semiconductor company’s stock worth $1,337,231,000 after purchasing an additional 1,087,513 shares during the period. Capital International Investors increased its stake in Taiwan Semiconductor Mfg. by 363.5% in the 3rd quarter. Capital International Investors now owns 35,218,259 shares of the semiconductor company’s stock worth $1,555,238,000 after purchasing an additional 27,619,505 shares during the period. Sanders Capital LLC increased its stake in Taiwan Semiconductor Mfg. by 2.3% in the 4th quarter. Sanders Capital LLC now owns 33,825,007 shares of the semiconductor company’s stock worth $1,384,713,000 after purchasing an additional 764,351 shares during the period. Finally, WCM Investment Management CA increased its stake in Taiwan Semiconductor Mfg. by 4.0% in the 3rd quarter. WCM Investment Management CA now owns 23,540,605 shares of the semiconductor company’s stock worth $1,039,553,000 after purchasing an additional 903,416 shares during the period. 19.36% of the stock is currently owned by institutional investors.

Shares of Taiwan Semiconductor Mfg. stock opened at $37.79 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.34 and a current ratio of 2.67. The company has a market capitalization of $197.69 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 1.16 and a beta of 0.97. Taiwan Semiconductor Mfg. Co. Ltd. has a one year low of $34.22 and a one year high of $45.75.

TSM has been the topic of a number of analyst reports. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research note on Friday, November 9th. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. Morgan Stanley raised Taiwan Semiconductor Mfg. from an “underweight” rating to an “equal weight” rating in a research note on Friday, November 16th. Finally, CLSA cut Taiwan Semiconductor Mfg. from an “outperform” rating to an “underperform” rating in a research note on Thursday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $46.00.

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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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