Waverton Investment Management Ltd decreased its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 12.5% during the second quarter, Holdings Channel reports. The fund owned 41,292 shares of the semiconductor company’s stock after selling 5,923 shares during the quarter. Waverton Investment Management Ltd’s holdings in Taiwan Semiconductor Mfg. were worth $1,510,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TSM. BlackRock Inc. increased its stake in Taiwan Semiconductor Mfg. by 27.6% in the 1st quarter. BlackRock Inc. now owns 10,155,862 shares of the semiconductor company’s stock worth $444,421,000 after acquiring an additional 2,194,436 shares during the last quarter. Cumberland Partners Ltd increased its stake in Taiwan Semiconductor Mfg. by 3.8% in the 1st quarter. Cumberland Partners Ltd now owns 104,895 shares of the semiconductor company’s stock worth $4,590,000 after acquiring an additional 3,880 shares during the last quarter. Hosking Partners LLP increased its stake in Taiwan Semiconductor Mfg. by 4.5% in the 1st quarter. Hosking Partners LLP now owns 1,901,113 shares of the semiconductor company’s stock worth $83,193,000 after acquiring an additional 81,854 shares during the last quarter. Hanson & Doremus Investment Management increased its stake in Taiwan Semiconductor Mfg. by 9.3% in the 1st quarter. Hanson & Doremus Investment Management now owns 96,933 shares of the semiconductor company’s stock worth $4,242,000 after acquiring an additional 8,226 shares during the last quarter. Finally, WCM Investment Management CA increased its stake in Taiwan Semiconductor Mfg. by 4.5% in the 1st quarter. WCM Investment Management CA now owns 21,544,859 shares of the semiconductor company’s stock worth $942,803,000 after acquiring an additional 930,897 shares during the last quarter. 19.17% of the stock is currently owned by institutional investors and hedge funds.

TSM has been the topic of a number of research reports. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Susquehanna Bancshares raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a research report on Monday, July 2nd. UBS Group raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a research report on Monday, July 2nd. Finally, Morgan Stanley raised Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Taiwan Semiconductor Mfg. has an average rating of “Buy” and a consensus price target of $46.00.

Shares of NYSE TSM traded up $0.35 during trading hours on Wednesday, hitting $43.91. 94,189 shares of the company traded hands, compared to its average volume of 7,627,696. The company has a market cap of $230.31 billion, a P/E ratio of 20.26, a P/E/G ratio of 1.32 and a beta of 1.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.07. Taiwan Semiconductor Mfg. Co. Ltd. has a 12 month low of $35.35 and a 12 month high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, July 19th. The semiconductor company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $233.28 billion for the quarter, compared to the consensus estimate of $230.77 billion. Taiwan Semiconductor Mfg. had a return on equity of 23.10% and a net margin of 34.74%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.56 EPS. equities analysts predict that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.25 EPS for the current year.

Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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

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