Westwood Global Investments LLC Has $7,245,000 Stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Westwood Global Investments LLC Has $7,245,000 Stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Westwood Global Investments LLC held its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the fourth quarter, Holdings Channel reports. The firm owned 252,007 shares of the company’s stock at the end of the fourth quarter. Taiwan Semiconductor Manufacturing Company makes up about 0.6% of Westwood Global Investments LLC’s holdings, making the stock its 7th largest position. Westwood Global Investments LLC’s holdings in Taiwan Semiconductor Manufacturing Company were worth $7,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Taiwan Semiconductor Manufacturing Company during the fourth quarter valued at $486,010,000. ETRADE Capital Management LLC increased its position in Taiwan Semiconductor Manufacturing Company by 0.7% in the third quarter. ETRADE Capital Management LLC now owns 109,750 shares of the company’s stock valued at $3,357,000 after buying an additional 779 shares during the period. D.A. Davidson & CO. increased its position in Taiwan Semiconductor Manufacturing Company by 7.1% in the third quarter. D.A. Davidson & CO. now owns 63,559 shares of the company’s stock valued at $1,942,000 after buying an additional 4,209 shares during the period. Price T Rowe Associates Inc. MD increased its position in Taiwan Semiconductor Manufacturing Company by 2.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 29,200 shares of the company’s stock valued at $893,000 after buying an additional 733 shares during the period. Finally, Altfest L J & Co. Inc. increased its position in Taiwan Semiconductor Manufacturing Company by 4.5% in the third quarter. Altfest L J & Co. Inc. now owns 10,788 shares of the company’s stock valued at $330,000 after buying an additional 465 shares during the period. 19.61% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded down 0.32% during mid-day trading on Friday, reaching $31.01. 2,490,824 shares of the company’s stock traded hands. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $21.79 and a 1-year high of $31.62. The stock has a market cap of $160.82 billion, a P/E ratio of 15.31 and a beta of 0.90. The firm has a 50-day moving average price of $29.73 and a 200-day moving average price of $29.52.

A number of brokerages recently commented on TSM. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing Company from a “buy” rating to a “hold” rating in a research report on Wednesday, January 18th. Susquehanna reaffirmed a “neutral” rating on shares of Taiwan Semiconductor Manufacturing Company in a research report on Friday, January 6th. Finally, HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing Company from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Taiwan Semiconductor Manufacturing Company has a consensus rating of “Hold” and an average price target of $31.00.

Taiwan Semiconductor Manufacturing Company Company Profile

Taiwan Semiconductor Manufacturing Company Ltd. is a Taiwan-based company principally engaged in the manufacture and sales of integrated circuits and semiconductors. The main businesses of the Company include the computer-aided design, manufacture, packaging, testing and sales of integrated circuits and other semiconductor devices, as well as the manufacture of masks.

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