Brown Advisory Inc. reduced its stake in shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,828 shares of the company’s stock after selling 1,054 shares during the period. Brown Advisory Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSM. Royal Bank of Scotland Group PLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $406,000. NN Investment Partners Holdings N.V. acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $39,608,000. BlackRock Fund Advisors raised its position in Taiwan Semiconductor Manufacturing by 3.0% in the first quarter. BlackRock Fund Advisors now owns 1,106,650 shares of the company’s stock valued at $28,994,000 after buying an additional 32,737 shares during the last quarter. BlackRock Inc. raised its position in Taiwan Semiconductor Manufacturing by 551.6% in the first quarter. BlackRock Inc. now owns 191,164 shares of the company’s stock valued at $5,008,000 after buying an additional 161,826 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware raised its position in Taiwan Semiconductor Manufacturing by 601.5% in the first quarter. Mckinley Capital Management LLC Delaware now owns 442,659 shares of the company’s stock valued at $11,598,000 after buying an additional 379,559 shares during the last quarter. Hedge funds and other institutional investors own 19.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) traded down 1.256% during mid-day trading on Friday, hitting $30.275. 1,731,265 shares of the stock were exchanged. Taiwan Semiconductor Manufacturing Co. has a one year low of $19.49 and a one year high of $30.95. The company has a market cap of $157.01 billion, a P/E ratio of 17.653 and a beta of 0.94. The company has a 50-day moving average price of $29.09 and a 200-day moving average price of $26.46.

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

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