HPM Partners LLC Invests $627,000 in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

HPM Partners LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 48,487 shares of the semiconductor company’s stock, valued at approximately $627,000.

Several other large investors also recently bought and sold shares of the stock. Park National Corp OH boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.3% during the 2nd quarter. Park National Corp OH now owns 6,575 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 18 shares during the period. Cornerstone Advisors Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 10,266 shares of the semiconductor company’s stock worth $359,000 after purchasing an additional 30 shares during the period. Mitchell Capital Management Co. boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 1st quarter. Mitchell Capital Management Co. now owns 7,946 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 56 shares during the period. Wealthsource Partners LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.2% during the 1st quarter. Wealthsource Partners LLC now owns 8,641 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 101 shares during the period. Finally, Baldwin Investment Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.5% during the 2nd quarter. Baldwin Investment Management LLC now owns 25,783 shares of the semiconductor company’s stock worth $901,000 after purchasing an additional 124 shares during the period. 19.45% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on TSM shares. Credit Suisse Group cut shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Thursday, June 15th. HSBC Holdings plc cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, BidaskClub cut shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.67.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) opened at 37.50 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $28.20 and a 12-month high of $37.68. The firm has a market capitalization of $194.48 billion, a price-to-earnings ratio of 16.93 and a beta of 0.76. The firm’s 50-day moving average is $36.42 and its 200-day moving average is $34.59.

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

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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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