Public Employees Retirement Association of Colorado held its stake in Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 555,888 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Taiwan Semiconductor Manufacturing were worth $14,581,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Cypress Wealth Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $374,000. BB&T Securities LLC raised its stake in Taiwan Semiconductor Manufacturing by 13.3% in the first quarter. BB&T Securities LLC now owns 61,711 shares of the company’s stock worth $1,616,000 after buying an additional 7,221 shares during the period. Canada Pension Plan Investment Board raised its stake in Taiwan Semiconductor Manufacturing by 70.4% in the first quarter. Canada Pension Plan Investment Board now owns 485,640 shares of the company’s stock worth $12,724,000 after buying an additional 200,600 shares during the period. Alpine Partners VI LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $262,000. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in Taiwan Semiconductor Manufacturing by 18.3% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,900 shares of the company’s stock worth $390,000 after buying an additional 2,300 shares during the period. 19.51% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) traded up 1.46% during midday trading on Wednesday, hitting $31.18. 5,367,655 shares of the stock were exchanged. The firm has a 50-day moving average of $29.67 and a 200-day moving average of $26.96. The company has a market capitalization of $161.70 billion, a P/E ratio of 18.02 and a beta of 0.95. Taiwan Semiconductor Manufacturing Co. has a 1-year low of $20.45 and a 1-year high of $31.48.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 14th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.54 by $4.11. The business earned $6.84 billion during the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 23.38% and a net margin of 33.94%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.08 earnings per share. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Co. will post $1.89 EPS for the current year.

A number of analysts recently weighed in on the stock. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Tuesday, October 4th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Wednesday, September 21st. Bank of America Corp. reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, September 19th. Nomura lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. lowered shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price 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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