Harding Loevner LP increased its position in shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,528,553 shares of the company’s stock after buying an additional 618,783 shares during the period. Taiwan Semiconductor Manufacturing comprises 3.6% of Harding Loevner LP’s holdings, making the stock its 4th largest position. Harding Loevner LP owned about 0.32% of Taiwan Semiconductor Manufacturing worth $505,609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSM. PineBridge Investments L.P. increased its position in Taiwan Semiconductor Manufacturing by 7.3% in the second quarter. PineBridge Investments L.P. now owns 4,036 shares of the company’s stock valued at $106,000 after buying an additional 275 shares during the last quarter. Carnick & Kubik LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at $107,000. Howe & Rusling Inc. increased its position in Taiwan Semiconductor Manufacturing by 11.1% in the second quarter. Howe & Rusling Inc. now owns 4,595 shares of the company’s stock valued at $121,000 after buying an additional 458 shares during the last quarter. Glenmede Trust Co. NA increased its position in Taiwan Semiconductor Manufacturing by 117.5% in the second quarter. Glenmede Trust Co. NA now owns 4,800 shares of the company’s stock valued at $125,000 after buying an additional 2,593 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Taiwan Semiconductor Manufacturing by 94.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 5,217 shares of the company’s stock valued at $137,000 after buying an additional 2,528 shares during the last quarter. Institutional investors own 19.51% of the company’s stock.

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

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) traded down 1.82% during mid-day trading on Tuesday, reaching $30.71. The company had a trading volume of 3,755,054 shares. Taiwan Semiconductor Manufacturing Co. has a 52 week low of $20.45 and a 52 week high of $31.48. The stock has a 50 day moving average of $29.60 and a 200 day moving average of $26.93. The stock has a market capitalization of $159.26 billion, a price-to-earnings ratio of 17.75 and a beta of 0.94.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 14th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $4.54 by $4.11. The company had revenue of $6.84 billion for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 33.94% and a return on equity of 23.38%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.08 EPS. Analysts anticipate that Taiwan Semiconductor Manufacturing Co. will post $1.89 earnings per share for the current year.

Several research firms have weighed in on TSM. Goldman Sachs Group Inc. downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Nomura downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 12th. JPMorgan Chase & Co. downgraded Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research note on Friday, July 8th. Finally, Bank of America Corp. restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, September 19th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $29.00.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Co, Ltd. (TSMC) is a Taiwan-based company principally engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits (ICs) and other semiconductor devices and the manufacturing of masks. The Company also offers a range of wafer fabrication processes, including processes to manufacture CMOS (complementary metal oxide silicon) logic, mixed-signal, radio frequency (RF), embedded memory, BiCMOS (bipolar complementary metal oxide silicon) mixed-signal and other semiconductors.

5 Day Chart for NYSE:TSM

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