Cornerstone Capital Management Holdings LLC. purchased a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,369,970 shares of the semiconductor company’s stock, valued at approximately $152,774,000. Taiwan Semiconductor Manufacturing makes up about 1.2% of Cornerstone Capital Management Holdings LLC.’s holdings, making the stock its 5th largest position. Cornerstone Capital Management Holdings LLC. owned 0.08% of Taiwan Semiconductor Manufacturing at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Empire Life Investments Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $3,269,000. Kempen Capital Management N.V. increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.6% during the first quarter. Kempen Capital Management N.V. now owns 785,410 shares of the semiconductor company’s stock valued at $25,793,000 after purchasing an additional 27,450 shares in the last quarter. Schafer Cullen Capital Management Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.6% during the first quarter. Schafer Cullen Capital Management Inc. now owns 406,930 shares of the semiconductor company’s stock valued at $13,364,000 after purchasing an additional 14,212 shares in the last quarter. Motley Fool Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.8% during the first quarter. Motley Fool Wealth Management LLC now owns 193,906 shares of the semiconductor company’s stock valued at $6,368,000 after purchasing an additional 7,161 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 933.2% during the first quarter. Rafferty Asset Management LLC now owns 139,167 shares of the semiconductor company’s stock valued at $4,570,000 after purchasing an additional 125,698 shares in the last quarter. 19.38% of the stock is owned by institutional investors.

TSM has been the subject of a number of analyst reports. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.00.

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Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded up 0.37% during trading on Thursday, hitting $38.41. 1,950,946 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $37.26 and a 200-day moving average price of $35.41. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $28.34 and a one year high of $38.85. The stock has a market cap of $199.20 billion, a P/E ratio of 17.19 and a beta of 0.74.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly 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 net margin of 36.11% and a return on equity of 25.61%. The business had revenue of $213.86 billion during the quarter, compared to the consensus estimate of $214.25 billion. During the same quarter in the prior year, the firm posted $2.80 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current fiscal 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.

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

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