Tiaa Fsb purchased a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,044 shares of the semiconductor company’s stock, valued at approximately $351,000.

Other institutional investors have also recently made changes to their positions in the company. Bruderman Asset Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $115,000. Pictet & Cie Europe SA purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $134,000. Pictet North America Advisors SA purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $166,000. U S Global Investors Inc purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $187,000. Finally, Sit Investment Associates Inc. raised its stake in Taiwan Semiconductor Manufacturing by 107.7% in the second quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock valued at $189,000 after purchasing an additional 2,800 shares in the last quarter. 19.38% of the stock is currently owned by hedge funds and other institutional investors.

TSM has been the topic of a number of recent 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 on the stock in a research note on Thursday, June 15th. HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Taiwan Semiconductor Manufacturing presently has a consensus rating of “Hold” and a consensus price target of $31.67.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) opened at 37.77 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $28.34 and a one year high of $38.43. The company has a market cap of $195.88 billion, a PE ratio of 16.90 and a beta of 0.76. The stock has a 50 day moving average of $36.77 and a 200 day moving average of $34.95.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $213.86 billion during the quarter, compared to analysts’ expectations of $214.25 billion. During the same quarter in the previous year, the business earned $2.80 EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current fiscal year.

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Taiwan Semiconductor Manufacturing Company 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.

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

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