Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 557,291 shares of the semiconductor company's stock after selling 92,709 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 3.7% of E Fund Management Co. Ltd.'s holdings, making the stock its 4th largest holding. E Fund Management Co. Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $57,958,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSM. Mather Group LLC. increased its position in Taiwan Semiconductor Manufacturing by 2.0% in the fourth quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company's stock worth $501,000 after buying an additional 96 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% during the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company's stock worth $441,000 after acquiring an additional 96 shares during the last quarter. Atlas Private Wealth Advisors increased its stake in Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company's stock worth $342,000 after buying an additional 104 shares during the period. Advisory Resource Group boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% in the fourth quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company's stock valued at $886,000 after purchasing an additional 108 shares during the period. Finally, Intrust Bank NA grew its position in shares of Taiwan Semiconductor Manufacturing by 0.8% during the 4th quarter. Intrust Bank NA now owns 14,187 shares of the semiconductor company's stock worth $1,475,000 after buying an additional 111 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on TSM shares. Needham & Company LLC reiterated a "buy" rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a research note on Tuesday, April 2nd. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, April 19th. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, April 18th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Down 0.6 %

Shares of TSM stock traded down $0.81 during trading on Thursday, hitting $142.79. 7,849,476 shares of the stock traded hands, compared to its average volume of 15,248,694. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $82.53 and a 52-week high of $158.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The firm has a market capitalization of $740.57 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The firm's fifty day moving average price is $138.94 and its 200-day moving average price is $117.51.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.