Macquarie Group Ltd. reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,850,062 shares of the semiconductor company’s stock after selling 102,215 shares during the quarter. Macquarie Group Ltd. owned about 0.05% of Taiwan Semiconductor Manufacturing worth $99,638,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bruderman Asset Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $115,000. Pictet & Cie Europe SA purchased a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth $134,000. Pictet North America Advisors SA purchased a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth $166,000. U S Global Investors Inc purchased a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth $187,000. Finally, Sit Investment Associates Inc. grew its position in Taiwan Semiconductor Manufacturing by 107.7% during the 2nd quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock worth $189,000 after purchasing an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 19.38% of the company’s stock.

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Several research analysts have issued reports on TSM shares. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $27.00.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded up 0.483% on Thursday, reaching $38.455. 1,129,941 shares of the company’s stock traded hands. The stock has a market capitalization of $199.43 billion, a PE ratio of 17.206 and a beta of 0.74. The company has a 50 day moving average of $37.26 and a 200-day moving average of $35.41. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $28.34 and a 52 week high of $38.85.

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

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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