Aberdeen Asset Management PLC UK trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,328,550 shares of the semiconductor company’s stock after selling 189,719 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 1.3% of Aberdeen Asset Management PLC UK’s investment portfolio, making the stock its 16th biggest position. Aberdeen Asset Management PLC UK owned approximately 0.22% of Taiwan Semiconductor Manufacturing worth $396,046,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pictet & Cie Europe SA acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $134,000. Pictet North America Advisors SA acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $166,000. U S Global Investors Inc acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $187,000. Sit Investment Associates Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 107.7% during the second quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock worth $189,000 after buying an additional 2,800 shares during the last quarter. Finally, Ingalls & Snyder LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth $205,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded down 0.03% during trading on Friday, hitting $37.53. 2,031,848 shares of the company’s stock traded hands. The company has a market cap of $194.63 billion, a PE ratio of 16.94 and a beta of 0.76. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.20 and a 52-week high of $37.68. The company’s 50 day moving average price is $36.38 and its 200 day moving average price is $34.57.

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

Several equities analysts have commented on the stock. HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Credit Suisse Group downgraded shares of 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 given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $31.67.

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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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