Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Shares Sold by Lenox Wealth Management Inc.

Lenox Wealth Management Inc. reduced its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,812 shares of the semiconductor company’s stock after selling 1,255 shares during the period. Taiwan Semiconductor Mfg. comprises approximately 1.5% of Lenox Wealth Management Inc.’s holdings, making the stock its 12th largest holding. Lenox Wealth Management Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $5,092,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new position in shares of Taiwan Semiconductor Mfg. in the third quarter worth $25,000. Quest Capital Management Inc. ADV bought a new position in shares of Taiwan Semiconductor Mfg. in the third quarter worth $32,000. Trustcore Financial Services LLC grew its stake in shares of Taiwan Semiconductor Mfg. by 129.9% in the second quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 395 shares in the last quarter. Horan Capital Advisors LLC. bought a new position in shares of Taiwan Semiconductor Mfg. in the third quarter worth $33,000. Finally, JNBA Financial Advisors grew its stake in shares of Taiwan Semiconductor Mfg. by 87.5% in the second quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 421 shares in the last quarter. 19.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Taiwan Semiconductor Mfg. stock traded down $0.84 during trading on Friday, hitting $52.83. The stock had a trading volume of 6,542,655 shares, compared to its average volume of 7,894,698. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.45. The firm has a market cap of $277.71 billion, a P/E ratio of 23.58, a PEG ratio of 2.41 and a beta of 1.02. The business has a fifty day moving average of $49.04 and a two-hundred day moving average of $43.41. Taiwan Semiconductor Mfg. Co. Ltd. has a fifty-two week low of $34.22 and a fifty-two week high of $54.37.

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Several research analysts have recently issued reports on the company. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Saturday, August 3rd. CLSA raised Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday, July 19th. ValuEngine cut Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group reissued a “buy” rating and issued a $55.00 price target on shares of Taiwan Semiconductor Mfg. in a research note on Monday, September 30th. Finally, Morgan Stanley raised Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $51.00.

Taiwan Semiconductor Mfg. 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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