Voya Investment Management LLC lessened its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 11.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 624,424 shares of the semiconductor company’s stock after selling 81,715 shares during the period. Voya Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $21,830,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 34.7% in the second quarter. American Century Companies Inc. now owns 968,373 shares of the semiconductor company’s stock valued at $33,854,000 after acquiring an additional 249,625 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 9.2% during the second quarter. Profund Advisors LLC now owns 230,744 shares of the semiconductor company’s stock worth $8,067,000 after acquiring an additional 19,389 shares during the period. Banque Pictet & Cie SA increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.6% during the second quarter. Banque Pictet & Cie SA now owns 176,788 shares of the semiconductor company’s stock worth $1,212,000 after acquiring an additional 4,557 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Taiwan Semiconductor Manufacturing by 46.7% during the first quarter. Tower Research Capital LLC TRC now owns 33,570 shares of the semiconductor company’s stock worth $1,103,000 after acquiring an additional 10,685 shares during the period. Finally, Mizuho Securities USA LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $524,000. Institutional investors own 19.38% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) opened at 37.55 on Monday. The stock has a market cap of $194.74 billion, a PE ratio of 16.80 and a beta of 0.74. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.34 and a 52-week high of $38.43. The firm has a 50-day moving average price of $36.77 and a 200 day moving average price of $34.95.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 EPS 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 the consensus estimate of $214.25 billion. During the same quarter last year, the company posted $2.80 EPS. Taiwan Semiconductor Manufacturing’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current year.

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Several research firms recently issued reports on TSM. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Thursday, June 15th. HSBC Holdings plc lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BidaskClub lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Taiwan Semiconductor Manufacturing currently has an average rating of “Hold” and a consensus target price 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.

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

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