1st Global Advisors Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,959 shares of the semiconductor company’s stock after purchasing an additional 4,737 shares during the quarter. 1st Global Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in TSM. Bruderman Asset Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $115,000. Pictet & Cie Europe SA bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $134,000. Pictet North America Advisors SA bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $166,000. U S Global Investors Inc bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $187,000. Finally, Sit Investment Associates Inc. lifted its position in Taiwan Semiconductor Manufacturing by 107.7% during 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 during the last quarter. Institutional investors and hedge funds own 19.38% of the company’s stock.

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Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. HSBC Holdings plc lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, J P Morgan Chase & Co upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing currently has an average rating of “Hold” and an average price target of $27.00.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded up 0.82% during midday trading on Friday, hitting $40.77. 1,413,031 shares of the stock were exchanged. The firm’s 50-day moving average is $37.78 and its 200 day moving average is $35.68. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.34 and a 52-week high of $40.83. The firm has a market cap of $211.44 billion, a PE ratio of 18.24 and a beta of 0.74.

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

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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