GQG Partners LLC lifted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 26.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,399,977 shares of the semiconductor company’s stock after purchasing an additional 290,777 shares during the period. Taiwan Semiconductor Manufacturing comprises 3.6% of GQG Partners LLC’s investment portfolio, making the stock its 10th largest holding. GQG Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $48,943,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 10.6% during the second quarter. Vanguard Group Inc. now owns 43,283,137 shares of the semiconductor company’s stock worth $1,513,179,000 after purchasing an additional 4,139,915 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 22.3% during the second quarter. Fisher Asset Management LLC now owns 34,471,281 shares of the semiconductor company’s stock worth $1,205,116,000 after purchasing an additional 6,281,847 shares during the last quarter. Sanders Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.7% during the second quarter. Sanders Capital LLC now owns 31,983,753 shares of the semiconductor company’s stock worth $1,222,134,000 after purchasing an additional 852,580 shares during the last quarter. FMR LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.5% during the second quarter. FMR LLC now owns 29,874,295 shares of the semiconductor company’s stock worth $1,044,405,000 after purchasing an additional 735,888 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.0% during the first quarter. Lazard Asset Management LLC now owns 26,426,435 shares of the semiconductor company’s stock worth $867,842,000 after purchasing an additional 260,704 shares during the last quarter. Institutional investors own 19.38% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded down 1.23% during mid-day trading on Friday, reaching $37.77. The company had a trading volume of 2,115,865 shares. The firm has a market capitalization of $195.88 billion, a PE ratio of 16.98 and a beta of 0.76. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $28.34 and a 12-month high of $38.43. The stock has a 50 day moving average price of $36.77 and a 200 day moving average price of $34.95.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.08). Taiwan Semiconductor Manufacturing had a return on equity of 25.61% and a net margin of 36.11%. The company had revenue of $213.86 billion for the quarter, compared to the consensus estimate of $214.25 billion. During the same quarter in the previous year, the business earned $2.80 earnings per share. Taiwan Semiconductor Manufacturing’s revenue was down 3.6% compared to the same quarter last year. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current year.

Several analysts have recently weighed in on TSM shares. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Thursday, June 15th. HSBC Holdings plc cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BidaskClub cut Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Taiwan Semiconductor Manufacturing has an average rating of “Hold” and a consensus price target of $31.67.

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About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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