Prudential Financial Inc. lowered its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,912 shares of the semiconductor company’s stock after selling 5,000 shares during the period. Prudential Financial Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $8,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of TSM. Bank of New York Mellon Corp lifted its holdings in shares of Taiwan Semiconductor Mfg. by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 44,674,092 shares of the semiconductor company’s stock valued at $1,633,286,000 after purchasing an additional 2,367,792 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Taiwan Semiconductor Mfg. by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 35,141,990 shares of the semiconductor company’s stock valued at $1,551,870,000 after purchasing an additional 952,889 shares in the last quarter. Sanders Capital LLC lifted its holdings in shares of Taiwan Semiconductor Mfg. by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 33,060,656 shares of the semiconductor company’s stock valued at $1,611,238,000 after purchasing an additional 102,415 shares in the last quarter. WCM Investment Management CA lifted its holdings in shares of Taiwan Semiconductor Mfg. by 4.0% during the 3rd quarter. WCM Investment Management CA now owns 23,540,605 shares of the semiconductor company’s stock valued at $1,039,553,000 after purchasing an additional 903,416 shares in the last quarter. Finally, Vontobel Asset Management Inc. bought a new position in shares of Taiwan Semiconductor Mfg. during the 2nd quarter valued at about $651,425,000. Hedge funds and other institutional investors own 19.35% of the company’s stock.

Several equities analysts have recently weighed in on TSM shares. Morgan Stanley upgraded Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 18th. Zacks Investment Research cut Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Finally, ValuEngine cut Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Saturday, August 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $46.00.

Shares of Taiwan Semiconductor Mfg. stock opened at $36.86 on Friday. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $35.22 and a 52-week high of $46.57. The company has a market capitalization of $194.17 billion, a P/E ratio of 16.57, a PEG ratio of 1.14 and a beta of 1.18. The company has a current ratio of 2.67, a quick ratio of 2.34 and a debt-to-equity ratio of 0.04.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its earnings results on Thursday, October 18th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. Taiwan Semiconductor Mfg. had a return on equity of 22.62% and a net margin of 34.38%. The business had revenue of $260.35 billion for the quarter, compared to analyst estimates of $257.92 billion. During the same quarter last year, the firm earned $3.47 EPS. Taiwan Semiconductor Mfg.’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts forecast that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/taiwan-semiconductor-mfg-co-ltd-tsm-holdings-cut-by-prudential-financial-inc/2667609.html.

Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

Read More: Trading Penny Stocks

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 Mfg. Co. Ltd. (NYSE:TSM).

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

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