Orbis Allan Gray Ltd raised its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 12.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 999,260 shares of the semiconductor company’s stock after buying an additional 113,300 shares during the period. Orbis Allan Gray Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $34,935,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Capital World Investors grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% in the second quarter. Capital World Investors now owns 65,624,246 shares of the semiconductor company’s stock worth $2,294,224,000 after acquiring an additional 313,792 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 10.6% during the second quarter. Vanguard Group Inc. now owns 43,283,137 shares of the semiconductor company’s stock worth $1,513,179,000 after acquiring an additional 4,139,915 shares during the period. Fisher Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 22.3% during the second quarter. Fisher Asset Management LLC now owns 34,471,281 shares of the semiconductor company’s stock worth $1,205,116,000 after acquiring an additional 6,281,847 shares during the period. Sanders Capital LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 2.7% during the second quarter. Sanders Capital LLC now owns 31,983,753 shares of the semiconductor company’s stock worth $1,222,134,000 after acquiring an additional 852,580 shares during the period. Finally, FMR LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 2.5% during the second quarter. FMR LLC now owns 29,874,295 shares of the semiconductor company’s stock worth $1,044,405,000 after acquiring an additional 735,888 shares during the period. 19.38% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Orbis Allan Gray Ltd Grows Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/orbis-allan-gray-ltd-grows-holdings-in-taiwan-semiconductor-manufacturing-company-ltd-tsm/1605646.html.

TSM has been the subject of a number of recent research reports. BidaskClub lowered Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, HSBC Holdings plc downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Taiwan Semiconductor Manufacturing currently has an average rating of “Hold” and an average target price of $31.67.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded up 0.511% on Tuesday, reaching $38.325. 1,529,647 shares of the company were exchanged. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $28.34 and a 1-year high of $38.45. The company has a 50-day moving average price of $37.14 and a 200 day moving average price of $35.35. The stock has a market capitalization of $198.76 billion, a PE ratio of 17.148 and a beta of 0.74.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.08). Taiwan Semiconductor Manufacturing had a return on equity of 25.61% and a net margin of 36.11%. The company had revenue of $213.86 billion during the quarter, compared to analysts’ expectations of $214.25 billion. During the same period in the previous year, the company earned $2.80 EPS. Taiwan Semiconductor Manufacturing’s quarterly revenue was down 3.6% on a year-over-year basis. On average, 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.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM).

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

Receive News & Ratings for Taiwan Semiconductor Manufacturing Company Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing Company Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.