Tufton Capital Management lowered its stake in shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) by 9.0% during the second quarter, Holdings Channel reports. The institutional investor owned 52,388 shares of the company’s stock after selling 5,188 shares during the period. Tufton Capital Management’s holdings in Taiwan Semiconductor Manufacturing were worth $1,374,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TSM. Fisher Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 4.1% in the second quarter. Fisher Asset Management LLC now owns 29,241,549 shares of the company’s stock valued at $795,370,000 after buying an additional 1,143,711 shares during the period. Wellington Management Group LLP increased its position in shares of Taiwan Semiconductor Manufacturing by 31.2% in the first quarter. Wellington Management Group LLP now owns 8,809,900 shares of the company’s stock valued at $230,820,000 after buying an additional 2,095,906 shares during the period. Hermes Investment Management Ltd. increased its position in shares of Taiwan Semiconductor Manufacturing by 1.8% in the second quarter. Hermes Investment Management Ltd. now owns 5,001,240 shares of the company’s stock valued at $131,183,000 after buying an additional 88,868 shares during the period. Renaissance Technologies LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 14.4% in the first quarter. Renaissance Technologies LLC now owns 3,671,851 shares of the company’s stock valued at $96,202,000 after buying an additional 462,372 shares during the period. Finally, Sarasin & Partners LLP increased its position in shares of Taiwan Semiconductor Manufacturing by 38.9% in the second quarter. Sarasin & Partners LLP now owns 2,637,592 shares of the company’s stock valued at $69,184,000 after buying an additional 738,474 shares during the period. 19.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) traded up 2.01% during midday trading on Wednesday, hitting $30.50. The company had a trading volume of 8,097,188 shares. Taiwan Semiconductor Manufacturing Co. has a 12 month low of $19.49 and a 12 month 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. The company has a 50-day moving average of $29.02 and a 200 day moving average of $26.43.

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

Several equities analysts have commented on the company. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Wednesday. Bank of America Corp. reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday. Nomura downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. cut Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Finally, Daiwa Capital Markets upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a report on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing has a consensus rating of “Buy” and a consensus price target of $25.33.

Taiwan Semiconductor Manufacturing Company Profile

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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