Allianz Asset Management GmbH Reduces Position in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Allianz Asset Management GmbH cut its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,654,281 shares of the semiconductor company’s stock after selling 277,809 shares during the quarter. Allianz Asset Management GmbH owned about 0.07% of Taiwan Semiconductor Manufacturing worth $137,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bruderman Asset Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth $115,000. AGF Investments Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 63.8% in the third quarter. AGF Investments Inc. now owns 3,636 shares of the semiconductor company’s stock worth $137,000 after acquiring an additional 1,416 shares in the last quarter. Pictet & Cie Europe SA boosted its holdings in Taiwan Semiconductor Manufacturing by 30.6% in the second quarter. Pictet & Cie Europe SA now owns 28,110 shares of the semiconductor company’s stock worth $193,000 after acquiring an additional 6,586 shares in the last quarter. Conning Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth $201,000. Finally, Murphy Pohlad Asset Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth $202,000. Institutional investors own 19.63% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded down $0.31 during mid-day trading on Tuesday, hitting $39.39. The stock had a trading volume of 7,108,900 shares, compared to its average volume of 5,775,413. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.50 and a 52-week high of $43.02. The company has a quick ratio of 2.11, a current ratio of 2.36 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $205,884.20, a PE ratio of 18.55, a P/E/G ratio of 1.22 and a beta of 0.74.

Several equities research analysts have commented on TSM shares. Morgan Stanley downgraded Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, November 27th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. KeyCorp restated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 20th. Daiwa Capital Markets cut Taiwan Semiconductor Manufacturing from an “outperform” rating to a “hold” rating in a research note on Thursday, October 19th. Finally, J P Morgan Chase & Co upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.00.

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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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