Cookson Peirce & Co. Inc. cut its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 416,209 shares of the semiconductor company’s stock after selling 11,296 shares during the period. Taiwan Semiconductor Manufacturing comprises about 1.6% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 25th largest position. Cookson Peirce & Co. Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $14,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bruderman Asset Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth $115,000. Pictet & Cie Europe SA acquired a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth $134,000. Pictet North America Advisors SA acquired a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth $166,000. U S Global Investors Inc acquired a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth $187,000. Finally, Sit Investment Associates Inc. raised its holdings 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 worth $189,000 after purchasing an additional 2,800 shares during the period. Institutional investors own 19.38% of the company’s stock.

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Several equities research analysts have weighed in on the stock. 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 lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. BidaskClub lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. 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, October 10th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.00.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded up 0.94% during midday trading on Friday, hitting $40.82. 3,913,103 shares of the company were exchanged. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $28.34 and a one year high of $40.86. The firm has a market capitalization of $211.70 billion, a price-to-earnings ratio of 18.26 and a beta of 0.74. The firm’s 50 day moving average price is $37.93 and its 200 day moving average price is $35.75.

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

Taiwan Semiconductor Manufacturing 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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