South Dakota Investment Council Acquires 8,000 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

South Dakota Investment Council grew its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 28.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,800 shares of the semiconductor company’s stock after purchasing an additional 8,000 shares during the quarter. South Dakota Investment Council’s holdings in Taiwan Semiconductor Manufacturing were worth $1,252,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Eaton Vance Management raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1,521.2% in the 2nd quarter. Eaton Vance Management now owns 1,813,241 shares of the semiconductor company’s stock valued at $63,391,000 after purchasing an additional 1,701,398 shares in the last quarter. CIBC World Markets Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 346.8% in the 2nd quarter. CIBC World Markets Inc. now owns 220,454 shares of the semiconductor company’s stock valued at $7,707,000 after purchasing an additional 171,110 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Taiwan Semiconductor Manufacturing by 165.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 588,599 shares of the semiconductor company’s stock valued at $20,576,000 after purchasing an additional 366,541 shares in the last quarter. Rathbone Brothers plc raised its holdings in shares of Taiwan Semiconductor Manufacturing by 10.0% in the 2nd quarter. Rathbone Brothers plc now owns 18,932 shares of the semiconductor company’s stock valued at $662,000 after purchasing an additional 1,715 shares in the last quarter. Finally, WESPAC Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 60.8% in the 2nd quarter. WESPAC Advisors LLC now owns 69,892 shares of the semiconductor company’s stock valued at $2,443,000 after purchasing an additional 26,418 shares in the last quarter. Institutional investors and hedge funds own 19.45% of the company’s stock.

Several equities research analysts have recently commented on TSM shares. Zacks Investment Research lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. HSBC Holdings plc lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BidaskClub lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.67.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) opened at 37.86 on Wednesday. The stock has a 50 day moving average of $36.48 and a 200 day moving average of $34.67. The company has a market cap of $196.34 billion, a price-to-earnings ratio of 17.09 and a beta of 0.76. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $28.31 and a 12-month high of $37.94.

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

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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.

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

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