Geneva Advisors LLC lowered its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 9.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,172 shares of the semiconductor company’s stock after selling 7,598 shares during the period. Geneva Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,523,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSM. Victory Capital Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 68.9% in the second quarter. Victory Capital Management Inc. now owns 325,305 shares of the semiconductor company’s stock worth $11,373,000 after buying an additional 132,665 shares in the last quarter. MAI Capital Management acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $221,000. Tocqueville Asset Management L.P. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $317,000. BB&T Securities LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 18.2% in the second quarter. BB&T Securities LLC now owns 73,036 shares of the semiconductor company’s stock worth $2,553,000 after buying an additional 11,235 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 0.6% in the second quarter. Cidel Asset Management Inc. now owns 675,754 shares of the semiconductor company’s stock worth $23,624,000 after buying an additional 4,282 shares in the last quarter. Institutional investors own 19.65% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) opened at 36.85 on Friday. The stock has a market cap of $191.11 billion, a P/E ratio of 16.60 and a beta of 0.77. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $28.20 and a 12-month high of $37.06. The firm’s 50 day moving average price is $36.06 and its 200-day moving average price is $34.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.08. The business had revenue of $213.86 billion for the quarter, compared to analyst estimates of $214.25 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.61% and a net margin of 36.11%. Taiwan Semiconductor Manufacturing’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.80 earnings per share. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on the company. BidaskClub downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. HSBC Holdings plc downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Credit Suisse Group downgraded Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus 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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