IFP Advisors Inc lowered its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 16.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,173 shares of the semiconductor company’s stock after selling 2,054 shares during the quarter. IFP Advisors Inc’s holdings in Taiwan Semiconductor Mfg. were worth $372,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TSM. Bruderman Asset Management LLC acquired a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter valued at $101,000. Smart Portfolios LLC acquired a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter valued at $103,000. Braun Bostich & Associates Inc. acquired a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter valued at $104,000. Institutional & Family Asset Management LLC acquired a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter valued at $121,000. Finally, Blackhawk Capital Partners LLC. boosted its stake in shares of Taiwan Semiconductor Mfg. by 1,126.9% during the first quarter. Blackhawk Capital Partners LLC. now owns 3,190 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 2,930 shares during the last quarter. Institutional investors and hedge funds own 19.27% of the company’s stock.

Shares of NYSE:TSM opened at $41.24 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. Taiwan Semiconductor Mfg. Co. Ltd. has a 12-month low of $35.35 and a 12-month high of $46.57. The stock has a market capitalization of $212.06 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05.

Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 19th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Taiwan Semiconductor Mfg. had a return on equity of 23.19% and a net margin of 34.74%. The firm had revenue of $233.28 billion for the quarter, compared to analyst estimates of $230.77 billion. During the same period last year, the company earned $2.56 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. sell-side analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.26 earnings per share for the current year.

A number of research firms recently commented on TSM. Nomura raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research note on Thursday, July 19th. Zacks Investment Research lowered Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. UBS Group raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a research note on Monday, July 2nd. Finally, Susquehanna Bancshares raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a research note on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $46.00.

About Taiwan Semiconductor Mfg.

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.

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

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