KBC Group NV Grows Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

KBC Group NV raised its position in Taiwan Semiconductor Manufacturing Company Limited by 47.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,572 shares of the semiconductor company's stock after buying an additional 9,168 shares during the quarter. KBC Group NV's holdings in Taiwan Semiconductor Manufacturing were worth $4,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Capital International Investors boosted its stake in Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company's stock worth $2,679,602,000 after purchasing an additional 5,643,949 shares during the period. PineStone Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 116.3% during the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company's stock worth $1,352,992,000 after buying an additional 4,186,133 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 669.7% during the second quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company's stock worth $646,832,000 after buying an additional 3,237,998 shares during the last quarter. 1832 Asset Management L.P. increased its position in Taiwan Semiconductor Manufacturing by 1,226.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company's stock valued at $344,809,000 after acquiring an additional 1,834,298 shares during the period. Finally, GQG Partners LLC raised its stake in Taiwan Semiconductor Manufacturing by 25.1% during the 1st quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company's stock valued at $1,161,633,000 after acquiring an additional 1,710,673 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSM has been the topic of several analyst reports. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.