Strategic Global Advisors LLC lowered its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 88.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,629 shares of the semiconductor company’s stock after selling 60,011 shares during the period. Strategic Global Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.1% during the second quarter. PNC Financial Services Group Inc. now owns 391,454 shares of the semiconductor company’s stock valued at $13,684,000 after purchasing an additional 11,751 shares during the period. Profund Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 9.2% during the second quarter. Profund Advisors LLC now owns 230,744 shares of the semiconductor company’s stock valued at $8,067,000 after purchasing an additional 19,389 shares during the period. NINE MASTS CAPITAL Ltd raised its stake in shares of Taiwan Semiconductor Manufacturing by 276.7% during the second quarter. NINE MASTS CAPITAL Ltd now owns 1,808,684 shares of the semiconductor company’s stock valued at $63,232,000 after purchasing an additional 1,328,492 shares during the period. BT Investment Management Ltd purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $88,945,000. Finally, Bruderman Asset Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $115,000. Institutional investors own 19.38% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded up 0.74% during mid-day trading on Monday, hitting $37.93. 485,192 shares of the company were exchanged. The stock has a market cap of $196.71 billion, a PE ratio of 17.05 and a beta of 0.76. The stock’s 50-day moving average price is $36.64 and its 200 day moving average price is $34.79. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $28.34 and a 12-month high of $37.96.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data 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 firm 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%. Taiwan Semiconductor Manufacturing’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.80 earnings per share. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current fiscal year.

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A number of brokerages recently issued reports on TSM. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, June 15th. BidaskClub lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Taiwan Semiconductor Manufacturing has an average rating of “Hold” and an average target price of $31.67.

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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