Parallel Advisors LLC reduced its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,353 shares of the semiconductor company’s stock after selling 729 shares during the quarter. Parallel Advisors LLC’s holdings in Taiwan Semiconductor Mfg. were worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of TSM. Lazard Asset Management LLC boosted its position in shares of Taiwan Semiconductor Mfg. by 32.8% in the first quarter. Lazard Asset Management LLC now owns 15,770,378 shares of the semiconductor company’s stock worth $645,953,000 after purchasing an additional 3,897,469 shares during the period. Bank of Montreal Can boosted its position in shares of Taiwan Semiconductor Mfg. by 158.7% in the first quarter. Bank of Montreal Can now owns 6,081,941 shares of the semiconductor company’s stock worth $249,116,000 after purchasing an additional 3,731,319 shares during the period. Janus Henderson Group PLC boosted its position in shares of Taiwan Semiconductor Mfg. by 128.8% in the second quarter. Janus Henderson Group PLC now owns 5,352,290 shares of the semiconductor company’s stock worth $209,624,000 after purchasing an additional 3,012,657 shares during the period. FMR LLC boosted its position in shares of Taiwan Semiconductor Mfg. by 17.0% in the first quarter. FMR LLC now owns 18,457,357 shares of the semiconductor company’s stock worth $756,013,000 after purchasing an additional 2,687,148 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its position in shares of Taiwan Semiconductor Mfg. by 3,765.0% in the second quarter. Thoroughbred Financial Services LLC now owns 2,309,198 shares of the semiconductor company’s stock worth $230,920,000 after purchasing an additional 2,249,451 shares during the period. Institutional investors and hedge funds own 19.48% of the company’s stock.

TSM has been the topic of several research analyst reports. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Saturday, August 3rd. Goldman Sachs Group initiated coverage on shares of Taiwan Semiconductor Mfg. in a report on Tuesday, May 7th. They issued a “buy” rating and a $50.00 target price on the stock. CLSA raised shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a report on Friday, July 19th. Finally, ValuEngine downgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $48.50.

Shares of TSM stock traded up $0.63 during mid-day trading on Wednesday, hitting $42.57. The company had a trading volume of 94,270 shares, compared to its average volume of 6,794,398. Taiwan Semiconductor Mfg. Co. Ltd. has a 52-week low of $34.22 and a 52-week high of $45.64. The stock’s 50 day moving average price is $41.84 and its 200-day moving average price is $40.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 2.33. The company has a market capitalization of $220.25 billion, a P/E ratio of 19.02, a P/E/G ratio of 3.27 and a beta of 1.02.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a return on equity of 19.01% and a net margin of 31.42%. The company had revenue of $241 billion during the quarter, compared to analysts’ expectations of $236.65 billion. During the same period last year, the firm posted $2.79 EPS. Taiwan Semiconductor Mfg.’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 earnings per share for the current year.

Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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

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