Principal Financial Group Inc. raised its stake in Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,433,427 shares of the company’s stock after buying an additional 34,682 shares during the period. Principal Financial Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $37,599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TSM. Carnick & Kubik LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $107,000. Glenmede Trust Co. NA increased its position in Taiwan Semiconductor Manufacturing by 117.5% in the second quarter. Glenmede Trust Co. NA now owns 4,800 shares of the company’s stock valued at $125,000 after buying an additional 2,593 shares during the last quarter. Wealthsource Partners LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at $204,000. Balentine LLC increased its position in Taiwan Semiconductor Manufacturing by 2.2% in the first quarter. Balentine LLC now owns 7,871 shares of the company’s stock valued at $206,000 after buying an additional 166 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at $212,000. Hedge funds and other institutional investors own 19.48% of the company’s stock.

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) traded up 0.217% during trading on Tuesday, reaching $29.995. 1,971,769 shares of the company traded hands. The firm has a market capitalization of $155.56 billion, a price-to-earnings ratio of 17.541 and a beta of 0.94. The company’s 50-day moving average price is $28.91 and its 200 day moving average price is $26.36. Taiwan Semiconductor Manufacturing Co. has a 52 week low of $19.49 and a 52 week high of $30.55.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, July 14th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $4.54 by $4.11. Taiwan Semiconductor Manufacturing had a net margin of 33.94% and a return on equity of 23.38%. The business had revenue of $6.84 billion for the quarter. During the same quarter in the previous year, the business posted $3.08 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Co. will post $1.88 EPS for the current year.

Several research analysts have weighed in on TSM shares. Daiwa Capital Markets upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “buy” rating in a report on Friday, June 3rd. Bank of America Corp. reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Goldman Sachs Group Inc. downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Nomura downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.33.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Co, Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes, including processes to manufacture CMOS (complementary metal oxide silicon) logic, mixed-signal, radio frequency (RF), embedded memory, BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors.

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