Aberdeen Asset Management PLC UK lowered its position in shares of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) by 11.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,031,219 shares of the company’s stock after selling 2,456,600 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 1.8% of Aberdeen Asset Management PLC UK’s portfolio, making the stock its 12th largest position. Aberdeen Asset Management PLC UK owned approximately 0.37% of Taiwan Semiconductor Manufacturing worth $499,189,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Fund Advisors boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.0% in the first quarter. BlackRock Fund Advisors now owns 1,106,650 shares of the company’s stock worth $28,994,000 after buying an additional 32,737 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Taiwan Semiconductor Manufacturing by 31.2% in the first quarter. Wellington Management Group LLP now owns 8,809,900 shares of the company’s stock worth $230,820,000 after buying an additional 2,095,906 shares during the period. Capital Fund Management S.A. bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $27,321,000. Origin Asset Management LLP boosted its position in shares of Taiwan Semiconductor Manufacturing by 14.0% in the first quarter. Origin Asset Management LLP now owns 2,320,480 shares of the company’s stock worth $60,797,000 after buying an additional 284,900 shares during the period. Finally, Carmignac Gestion boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.6% in the second quarter. Carmignac Gestion now owns 4,644,668 shares of the company’s stock worth $121,830,000 after buying an additional 28,500 shares during the period. 19.51% of the stock is currently owned by institutional investors.

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

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) traded up 0.081% during midday trading on Wednesday, hitting $30.885. The company had a trading volume of 3,124,882 shares. The company has a market capitalization of $160.17 billion, a P/E ratio of 17.853 and a beta of 0.95. 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 price of $29.99 and a 200 day moving average price of $27.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 13th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Taiwan Semiconductor Manufacturing had a return on equity of 24.85% and a net margin of 34.54%. The company earned $260.41 billion during the quarter, compared to analyst estimates of $7.99 billion. During the same period in the prior year, the company earned $2.91 earnings per share. The firm’s revenue was up 22.5% on a year-over-year basis. Equities analysts forecast that Taiwan Semiconductor Manufacturing Co. will post $1.89 earnings per share for the current fiscal year.

A number of equities analysts have commented on TSM shares. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Friday, July 8th. Susquehanna raised Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, October 4th. HSBC cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, October 13th. JPMorgan Chase & Co. cut Taiwan Semiconductor Manufacturing from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Taiwan Semiconductor Manufacturing 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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