Pzena Investment Management LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 535,958 shares of the company’s stock after selling 12,908 shares during the quarter. Pzena Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $20,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Capital World Investors boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.5% in the 2nd quarter. Capital World Investors now owns 65,624,246 shares of the company’s stock worth $2,294,224,000 after purchasing an additional 313,792 shares in the last quarter. Vanguard Group Inc. lifted its position in Taiwan Semiconductor Manufacturing by 10.6% in the 2nd quarter. Vanguard Group Inc. now owns 43,283,137 shares of the company’s stock valued at $1,513,179,000 after acquiring an additional 4,139,915 shares in the last quarter. Sanders Capital LLC lifted its position in Taiwan Semiconductor Manufacturing by 3.6% in the 3rd quarter. Sanders Capital LLC now owns 33,140,101 shares of the company’s stock valued at $1,350,596,000 after acquiring an additional 1,156,348 shares in the last quarter. FMR LLC lifted its position in Taiwan Semiconductor Manufacturing by 2.5% in the 2nd quarter. FMR LLC now owns 29,874,295 shares of the company’s stock valued at $1,044,405,000 after acquiring an additional 735,888 shares in the last quarter. Finally, WCM Investment Management CA lifted its position in Taiwan Semiconductor Manufacturing by 6.6% in the 2nd quarter. WCM Investment Management CA now owns 18,775,096 shares of the company’s stock valued at $656,377,000 after acquiring an additional 1,162,737 shares in the last quarter. 19.44% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded up C$0.07 on Friday, reaching C$41.72. 5,330,000 shares of the company’s stock were exchanged, compared to its average volume of 4,550,246. The stock has a market cap of $216,359.92, a price-to-earnings ratio of 19.50, a PEG ratio of 1.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.60. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of C$28.34 and a 1-year high of C$42.71.

Several research firms recently issued reports on TSM. KeyCorp reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. Daiwa Capital Markets cut Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research report on Thursday, October 19th. J P Morgan Chase & Co raised Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, BidaskClub lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Taiwan Semiconductor Manufacturing presently has a consensus rating of “Hold” and an average price target of C$27.00.

About Taiwan Semiconductor Manufacturing

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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