Raymond James Financial Services Advisors Inc. trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 19.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,606 shares of the semiconductor company’s stock after selling 57,568 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $9,185,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Cornerstone Advisors Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 0.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 10,266 shares of the semiconductor company’s stock valued at $359,000 after acquiring an additional 30 shares during the period. Baldwin Investment Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 0.5% during the 2nd quarter. Baldwin Investment Management LLC now owns 25,783 shares of the semiconductor company’s stock valued at $901,000 after acquiring an additional 124 shares during the period. Bahl & Gaynor Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 1.0% during the 2nd quarter. Bahl & Gaynor Inc. now owns 16,055 shares of the semiconductor company’s stock valued at $462,000 after acquiring an additional 162 shares during the period. 440 Investment Group LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.2% during the 2nd quarter. 440 Investment Group LLC now owns 21,579 shares of the semiconductor company’s stock valued at $754,000 after acquiring an additional 250 shares during the period. Finally, People s United Financial Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 3.3% during the 2nd quarter. People s United Financial Inc. now owns 8,056 shares of the semiconductor company’s stock valued at $282,000 after acquiring an additional 254 shares during the period. Institutional investors own 19.31% of the company’s stock.

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Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) opened at $42.07 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.36 and a quick ratio of 2.11. The stock has a market capitalization of $218,175.02, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.30 and a beta of 0.77. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $28.34 and a 12-month high of $42.71.

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

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

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