Mizuho Asset Management Co. Ltd. lowered its stake in shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) by 10.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,300 shares of the company’s stock after selling 700 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $165,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Greystone Managed Investments Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 0.4% in the second quarter. Greystone Managed Investments Inc. now owns 450,432 shares of the company’s stock valued at $11,815,000 after buying an additional 1,970 shares during the period. Principal Financial Group Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.5% in the second quarter. Principal Financial Group Inc. now owns 1,433,427 shares of the company’s stock valued at $37,599,000 after buying an additional 34,682 shares during the last quarter. Pittenger & Anderson Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 15.9% in the second quarter. Pittenger & Anderson Inc. now owns 212,807 shares of the company’s stock valued at $5,582,000 after buying an additional 29,145 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $13,268,000. Finally, Private Advisor Group LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 44.7% in the second quarter. Private Advisor Group LLC now owns 11,449 shares of the company’s stock valued at $299,000 after buying an additional 3,537 shares during the last quarter. 19.51% of the stock is currently owned by institutional investors.

Shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) opened at 30.29 on Friday. Taiwan Semiconductor Manufacturing Co. has a 52 week low of $19.49 and a 52 week high of $30.95. The company has a market cap of $157.09 billion, a P/E ratio of 17.66 and a beta of 0.94. The company’s 50-day moving average price is $29.09 and its 200 day moving average price is $26.46.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its 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 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 prior year, the company earned $3.08 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Co. will post $1.89 earnings per share for the current fiscal year.

Several brokerages have issued reports on TSM. Nomura cut 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 research report on Tuesday, July 12th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research report on Friday, July 8th. Goldman Sachs Group Inc. downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and an average 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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