Veritas Asset Management LLP lowered its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 49.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,819,469 shares of the semiconductor company’s stock after selling 11,400,413 shares during the period. Taiwan Semiconductor Manufacturing makes up 3.2% of Veritas Asset Management LLP’s holdings, making the stock its 17th largest position. Veritas Asset Management LLP owned approximately 0.23% of Taiwan Semiconductor Manufacturing worth $413,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSM. Empire Life Investments Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $3,269,000. Pillar Pacific Capital Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.2% in the first quarter. Pillar Pacific Capital Management LLC now owns 247,241 shares of the semiconductor company’s stock valued at $8,119,000 after buying an additional 2,945 shares during the period. Eqis Capital Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the first quarter. Eqis Capital Management Inc. now owns 49,725 shares of the semiconductor company’s stock valued at $1,633,000 after buying an additional 673 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Taiwan Semiconductor Manufacturing by 2.7% in the first quarter. Great West Life Assurance Co. Can now owns 2,280,758 shares of the semiconductor company’s stock valued at $74,831,000 after buying an additional 59,800 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $184,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded down 0.19% on Tuesday, reaching $36.70. 320,426 shares of the company’s stock were exchanged. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $28.20 and a 52 week high of $37.06. The stock’s 50 day moving average is $36.06 and its 200 day moving average is $34.21. The company has a market cap of $190.33 billion, a price-to-earnings ratio of 16.53 and a beta of 0.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 13th. The semiconductor company reported $0.42 EPS for the quarter, missing the 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 net margin of 36.11% and a return on equity of 25.61%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.80 earnings per share. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current year.

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Several brokerages recently issued reports on TSM. HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Credit Suisse Group downgraded shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $31.67.

About Taiwan Semiconductor Manufacturing

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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