Lenox Wealth Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,483 shares of the semiconductor company’s stock, valued at approximately $2,048,000. Taiwan Semiconductor Manufacturing accounts for about 0.8% of Lenox Wealth Management Inc.’s investment portfolio, making the stock its 22nd largest holding.

A number of other large investors have also modified their holdings of the business. Empire Life Investments Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth approximately $3,269,000. Kempen Capital Management N.V. increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.6% during the first quarter. Kempen Capital Management N.V. now owns 785,410 shares of the semiconductor company’s stock worth $25,793,000 after buying an additional 27,450 shares during the period. Schafer Cullen Capital Management Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.6% during the first quarter. Schafer Cullen Capital Management Inc. now owns 406,930 shares of the semiconductor company’s stock worth $13,364,000 after buying an additional 14,212 shares during the period. Motley Fool Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.8% during the first quarter. Motley Fool Wealth Management LLC now owns 193,906 shares of the semiconductor company’s stock worth $6,368,000 after buying an additional 7,161 shares during the period. Finally, Rafferty Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 933.2% during the first quarter. Rafferty Asset Management LLC now owns 139,167 shares of the semiconductor company’s stock worth $4,570,000 after buying an additional 125,698 shares during the period. Institutional investors own 19.38% of the company’s stock.

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A number of research firms recently weighed in on TSM. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. BidaskClub lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, HSBC Holdings plc lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing presently has an average rating of “Hold” and an average target price of $27.00.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded up 0.44% during mid-day trading on Thursday, hitting $38.44. 1,564,822 shares of the company were exchanged. The stock has a market cap of $199.35 billion, a price-to-earnings ratio of 17.20 and a beta of 0.74. The firm has a 50 day moving average price of $37.26 and a 200 day moving average price of $35.41. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $28.34 and a 12 month high of $38.85.

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

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

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