What's Happening?
Henry James International Management Inc. has decreased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (TSM) by 9.7% during the second quarter, as reported in their latest Form 13F filing
with the Securities and Exchange Commission. The fund sold 4,692 shares, reducing its total to 43,501 shares, valued at approximately $9.85 million. This adjustment makes TSM the 10th largest position in the fund's portfolio, accounting for about 3.2% of its total holdings. Other hedge funds have also adjusted their positions in TSM, with some increasing their stakes significantly. Analysts have maintained a positive outlook on TSM, with several issuing 'buy' ratings and setting high price targets, reflecting confidence in the company's performance and growth potential.
Why It's Important?
The reduction in holdings by Henry James International Management highlights a strategic portfolio adjustment that could reflect broader market sentiments or specific investment strategies. Taiwan Semiconductor Manufacturing is a key player in the global semiconductor industry, and changes in institutional holdings can signal shifts in investor confidence or market conditions. The semiconductor sector is crucial for various industries, including technology and automotive, and any changes in major stakeholders' positions can impact market perceptions and stock performance. The continued 'buy' ratings from analysts suggest a strong belief in TSM's growth prospects, which could influence other investors' decisions and the company's market valuation.
