Bruni J V & Co. Co. decreased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 939,435 shares of the semiconductor company’s stock after selling 13,849 shares during the period. Taiwan Semiconductor Manufacturing accounts for 6.3% of Bruni J V & Co. Co.’s holdings, making the stock its 6th largest position. Bruni J V & Co. Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $32,843,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sit Investment Associates Inc. raised its stake in Taiwan Semiconductor Manufacturing by 107.7% in 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 in the last quarter. Advisory Services Network LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $184,000. U S Global Investors Inc purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $187,000. Ferguson Wellman Capital Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth $205,000. Finally, Ingalls & Snyder LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $205,000. 19.65% of the stock is owned by institutional investors.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) opened at 36.85 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $28.20 and a 1-year high of $37.06. The firm’s 50-day moving average is $36.06 and its 200-day moving average is $34.21. The company has a market capitalization of $191.11 billion, a price-to-earnings ratio of 16.60 and a beta of 0.77.

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

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TSM has been the subject of a number of analyst reports. BidaskClub lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a research note on Tuesday, July 18th. Credit Suisse Group lowered shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research note on Monday, May 15th. Finally, HSBC Holdings plc lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $31.67.

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.

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

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