Lenox Wealth Management Inc. Decreases Position in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Lenox Wealth Management Inc. trimmed its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 6.7% in the fourth quarter, HoldingsChannel reports. The firm owned 109,465 shares of the semiconductor company’s stock after selling 7,869 shares during the quarter. Taiwan Semiconductor Mfg. comprises approximately 1.4% of Lenox Wealth Management Inc.’s investment portfolio, making the stock its 15th biggest position. Lenox Wealth Management Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $4,040,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TSM. Stratos Wealth Partners LTD. acquired a new stake in shares of Taiwan Semiconductor Mfg. in the third quarter valued at approximately $114,000. Navellier & Associates Inc lifted its holdings in Taiwan Semiconductor Mfg. by 77.7% during the 4th quarter. Navellier & Associates Inc now owns 3,094 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,353 shares during the last quarter. Gamble Jones Investment Counsel acquired a new position in Taiwan Semiconductor Mfg. in the 3rd quarter valued at $115,000. First Hawaiian Bank acquired a new position in Taiwan Semiconductor Mfg. in the 3rd quarter valued at $124,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in Taiwan Semiconductor Mfg. in the 3rd quarter valued at $140,000. Hedge funds and other institutional investors own 19.35% of the company’s stock.

Shares of NYSE:TSM traded up $0.12 during trading on Wednesday, hitting $36.49. 13,737,332 shares of the company were exchanged, compared to its average volume of 8,562,257. The company has a market cap of $191.06 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.12 and a beta of 1.06. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $34.22 and a 52-week high of $46.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.67 and a quick ratio of 2.34.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research report on Friday, November 9th. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. Morgan Stanley raised Taiwan Semiconductor Mfg. from an “underweight” rating to an “equal weight” rating in a research note on Friday, November 16th. Finally, CLSA downgraded Taiwan Semiconductor Mfg. from an “outperform” rating to an “underperform” rating in a research note on Thursday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Taiwan Semiconductor Mfg. has a consensus rating of “Hold” and a consensus target price of $46.00.

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Taiwan Semiconductor Mfg. Company 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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