Bank of New York Mellon Corp Acquires 5,317,439 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Bank of New York Mellon Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,289,495 shares of the semiconductor company’s stock after purchasing an additional 5,317,439 shares during the quarter. Bank of New York Mellon Corp owned 0.89% of Taiwan Semiconductor Manufacturing worth $1,738,170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. bought a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $152,774,000. Vanguard Group Inc. increased its stake in Taiwan Semiconductor Manufacturing by 10.6% in the second quarter. Vanguard Group Inc. now owns 43,283,137 shares of the semiconductor company’s stock valued at $1,513,179,000 after acquiring an additional 4,139,915 shares during the last quarter. Janus Henderson Group PLC increased its stake in Taiwan Semiconductor Manufacturing by 114.2% in the second quarter. Janus Henderson Group PLC now owns 7,081,407 shares of the semiconductor company’s stock valued at $247,533,000 after acquiring an additional 3,775,916 shares during the last quarter. Principal Financial Group Inc. increased its stake in Taiwan Semiconductor Manufacturing by 292.9% in the second quarter. Principal Financial Group Inc. now owns 3,807,524 shares of the semiconductor company’s stock valued at $133,111,000 after acquiring an additional 2,838,422 shares during the last quarter. Finally, Harding Loevner LP increased its stake in Taiwan Semiconductor Manufacturing by 19.6% in the second quarter. Harding Loevner LP now owns 17,250,016 shares of the semiconductor company’s stock valued at $603,060,000 after acquiring an additional 2,828,155 shares during the last quarter. 19.30% of the stock is currently owned by institutional investors.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded up $0.29 during trading hours on Tuesday, reaching $42.01. 2,221,900 shares of the company were exchanged, compared to its average volume of 5,806,160. The company has a market capitalization of $216,359.92, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $28.34 and a fifty-two week high of $42.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.60 and a quick ratio of 1.48.

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

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

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