Trilogy Global Advisors LP trimmed its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,335,814 shares of the semiconductor company’s stock after selling 153,087 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 3.9% of Trilogy Global Advisors LP’s investment portfolio, making the stock its 5th largest position. Trilogy Global Advisors LP owned approximately 0.06% of Taiwan Semiconductor Manufacturing worth $116,619,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Rafferty Asset Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 42.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 198,367 shares of the semiconductor company’s stock valued at $6,935,000 after purchasing an additional 59,200 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Taiwan Semiconductor Manufacturing by 0.9% in the 2nd quarter. New York State Common Retirement Fund now owns 3,342,363 shares of the semiconductor company’s stock valued at $116,849,000 after purchasing an additional 29,099 shares in the last quarter. Columbia Partners L L C Investment Management raised its holdings in shares of Taiwan Semiconductor Manufacturing by 19.5% in the 2nd quarter. Columbia Partners L L C Investment Management now owns 109,206 shares of the semiconductor company’s stock valued at $3,817,000 after purchasing an additional 17,852 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 391,454 shares of the semiconductor company’s stock valued at $13,684,000 after purchasing an additional 11,751 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 9.2% in the 2nd quarter. Profund Advisors LLC now owns 230,744 shares of the semiconductor company’s stock valued at $8,067,000 after purchasing an additional 19,389 shares in the last quarter. Institutional investors and hedge funds own 19.38% of the company’s stock.

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Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded up 0.63% during midday trading on Tuesday, hitting $38.31. 2,393,421 shares of the stock were exchanged. The firm has a market cap of $198.68 billion, a P/E ratio of 17.22 and a beta of 0.76. The firm has a 50 day moving average of $36.70 and a 200 day moving average of $34.89. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $28.34 and a 12-month high of $38.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results 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). The firm had revenue of $213.86 billion during the quarter, compared to analysts’ expectations of $214.25 billion. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.61%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.80 earnings per share. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current fiscal year.

TSM has been the topic of a number of analyst reports. BidaskClub lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, HSBC Holdings plc lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Taiwan Semiconductor Manufacturing presently has an average rating of “Hold” and an average price target of $31.67.

Taiwan Semiconductor Manufacturing Company Profile

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.

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

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