Deltec Asset Management LLC decreased its position in Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) by 24.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,200 shares of the company’s stock after selling 20,000 shares during the period. Deltec Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,579,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSM. Fulton Bank N.A. raised its position in shares of Taiwan Semiconductor Manufacturing by 0.3% in the second quarter. Fulton Bank N.A. now owns 17,954 shares of the company’s stock worth $471,000 after buying an additional 60 shares during the period. Checchi Capital Advisers LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 0.4% in the second quarter. Checchi Capital Advisers LLC now owns 18,254 shares of the company’s stock worth $479,000 after buying an additional 74 shares during the period. Capital One National Association raised its position in shares of Taiwan Semiconductor Manufacturing by 0.6% in the second quarter. Capital One National Association now owns 13,409 shares of the company’s stock worth $352,000 after buying an additional 77 shares during the period. Balentine LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 2.2% in the first quarter. Balentine LLC now owns 7,871 shares of the company’s stock worth $206,000 after buying an additional 166 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 2.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 24,425 shares of the company’s stock worth $641,000 after buying an additional 535 shares during the period. Institutional investors own 19.51% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) traded up 2.01% during midday trading on Wednesday, hitting $30.50. The stock had a trading volume of 8,097,188 shares. The firm’s 50-day moving average price is $29.02 and its 200-day moving average price is $26.43. Taiwan Semiconductor Manufacturing Co. has a one year low of $19.49 and a one year high of $30.56. The firm has a market capitalization of $158.18 billion, a PE ratio of 17.84 and a beta of 0.94.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 14th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by $4.11. Taiwan Semiconductor Manufacturing had a return on equity of 23.38% and a net margin of 33.94%. The company earned $6.84 billion during the quarter. During the same quarter in the prior year, the company earned $3.08 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Co. will post $1.89 EPS for the current year.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Wednesday. Nomura lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. lowered Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Bank of America Corp. restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.33.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Co, Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes, including processes to manufacture CMOS (complementary metal oxide silicon) logic, mixed-signal, radio frequency (RF), embedded memory, BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors.

5 Day Chart for NYSE:TSM

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