Sandy Spring Bank Acquires 300 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Sandy Spring Bank increased its holdings in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 10.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,300 shares of the semiconductor company’s stock after buying an additional 300 shares during the period. Sandy Spring Bank’s holdings in Taiwan Semiconductor Mfg. were worth $154,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TSM. Northwest Investment Counselors LLC purchased a new position in Taiwan Semiconductor Mfg. in the third quarter worth about $25,000. Quest Capital Management Inc. ADV purchased a new position in Taiwan Semiconductor Mfg. in the third quarter worth about $32,000. Trustcore Financial Services LLC raised its holdings in 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 buying an additional 395 shares during the last quarter. Horan Capital Advisors LLC. purchased a new position in Taiwan Semiconductor Mfg. in the third quarter worth about $33,000. Finally, JNBA Financial Advisors raised its holdings in 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 buying an additional 421 shares during the last quarter. 19.12% of the stock is currently owned by institutional investors and hedge funds.

TSM opened at $53.00 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average price of $48.88 and a 200-day moving average price of $43.37. Taiwan Semiconductor Mfg. Co. Ltd. has a twelve month low of $34.22 and a twelve month high of $54.37. The stock has a market capitalization of $277.71 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.41 and a beta of 1.02.

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