Principal Financial Group Inc. increased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 292.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,807,524 shares of the semiconductor company’s stock after buying an additional 2,838,422 shares during the period. Principal Financial Group Inc. owned about 0.07% of Taiwan Semiconductor Manufacturing worth $133,111,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TSM. Pictet & Cie Europe SA acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $134,000. Pictet North America Advisors SA acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $166,000. Advisory Services Network LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $184,000. U S Global Investors Inc acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $187,000. Finally, Sit Investment Associates Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 107.7% in the second quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock valued at $189,000 after buying an additional 2,800 shares during the period. 19.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) opened at 37.22 on Friday. The stock has a market cap of $193.03 billion, a P/E ratio of 16.80 and a beta of 0.76. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $28.20 and a one year high of $37.24. The firm has a 50 day moving average of $36.28 and a 200 day moving average of $34.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.61%. The business had revenue of $213.86 billion for the quarter, compared to the consensus estimate of $214.25 billion. During the same quarter last year, the business posted $2.80 EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current fiscal year.

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Several analysts have issued reports on TSM shares. Credit Suisse Group downgraded shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Thursday, June 15th. HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target 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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