5,350 Shares in Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Purchased by Conning Inc.

Conning Inc. purchased a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,350 shares of the semiconductor company’s stock, valued at approximately $201,000.

Several other hedge funds also recently bought and sold shares of TSM. Bruderman Asset Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $115,000. Sit Investment Associates Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 107.7% in the 2nd quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock valued at $189,000 after buying an additional 2,800 shares in the last quarter. Pictet & Cie Europe SA increased its position in shares of Taiwan Semiconductor Manufacturing by 30.6% in the 2nd quarter. Pictet & Cie Europe SA now owns 28,110 shares of the semiconductor company’s stock valued at $193,000 after buying an additional 6,586 shares in the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $202,000. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $205,000. 19.42% of the stock is currently owned by institutional investors.

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TSM has been the subject of a number of recent analyst reports. BidaskClub cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. J P Morgan Chase & Co upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Daiwa Capital Markets cut shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research report on Thursday, October 19th. Finally, KeyCorp reiterated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target 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.

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

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