Origin Asset Management LLP raised its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,707,976 shares of the semiconductor company’s stock after acquiring an additional 70,700 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 3.7% of Origin Asset Management LLP’s portfolio, making the stock its 3rd biggest position. Origin Asset Management LLP’s holdings in Taiwan Semiconductor Manufacturing were worth $59,711,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pictet & Cie Europe SA bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $134,000. Pictet North America Advisors SA bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $166,000. U S Global Investors Inc bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $187,000. Sit Investment Associates Inc. boosted 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 valued at $189,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Ingalls & Snyder LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $205,000. 19.45% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded down 0.858% during mid-day trading on Wednesday, hitting $37.535. The stock had a trading volume of 2,513,452 shares. The stock has a market cap of $194.66 billion, a P/E ratio of 16.870 and a beta of 0.76. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.31 and a 52-week high of $37.88. The firm has a 50-day moving average of $36.48 and a 200-day moving average of $34.67.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $213.86 billion for the quarter, compared to analysts’ expectations of $214.25 billion. During the same period in the prior year, the company posted $2.80 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://theolympiareport.com/2017/09/13/origin-asset-management-llp-buys-70700-shares-of-taiwan-semiconductor-manufacturing-company-ltd-tsm.html.

TSM has been the topic of several recent research reports. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Thursday, June 15th. BidaskClub cut Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Finally, HSBC Holdings plc cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $31.67.

Taiwan Semiconductor Manufacturing 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)

Receive News & Ratings for Taiwan Semiconductor Manufacturing Company Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing Company Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.