Teachers Retirement System of The State of Kentucky held its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 497,000 shares of the semiconductor company’s stock at the close of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in Taiwan Semiconductor Manufacturing were worth $17,375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisor Group Inc. increased its position in Taiwan Semiconductor Manufacturing by 10.7% during the 2nd quarter. Advisor Group Inc. now owns 52,862 shares of the semiconductor company’s stock worth $1,758,000 after purchasing an additional 5,110 shares in the last quarter. Harding Loevner LP increased its position in Taiwan Semiconductor Manufacturing by 19.6% during the 2nd quarter. Harding Loevner LP now owns 17,250,016 shares of the semiconductor company’s stock worth $603,060,000 after purchasing an additional 2,828,155 shares in the last quarter. Suntrust Banks Inc. increased its position in Taiwan Semiconductor Manufacturing by 33.7% during the 2nd quarter. Suntrust Banks Inc. now owns 20,875 shares of the semiconductor company’s stock worth $727,000 after purchasing an additional 5,266 shares in the last quarter. GQG Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 26.2% during the 2nd quarter. GQG Partners LLC now owns 1,399,977 shares of the semiconductor company’s stock worth $48,943,000 after purchasing an additional 290,777 shares in the last quarter. Finally, MML Investors Services LLC increased its position in Taiwan Semiconductor Manufacturing by 4.0% during the 2nd quarter. MML Investors Services LLC now owns 36,858 shares of the semiconductor company’s stock worth $1,289,000 after purchasing an additional 1,430 shares in the last quarter. 19.38% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.08). Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.61%. The company had revenue of $213.86 billion during the quarter, compared to the consensus estimate of $214.25 billion. During the same period in the previous year, the business posted $2.80 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis.

TSM has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Thursday, June 15th. HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $31.67.

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Taiwan Semiconductor Manufacturing Profile

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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