Prudential PLC Grows Stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Prudential PLC grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 14.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 209,955 shares of the semiconductor company’s stock after acquiring an additional 26,799 shares during the quarter. Prudential PLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors lifted its position in shares of Taiwan Semiconductor Manufacturing by 0.5% in the second quarter. Capital World Investors now owns 65,624,246 shares of the semiconductor company’s stock valued at $2,294,224,000 after acquiring an additional 313,792 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 10.6% in the second quarter. Vanguard Group Inc. now owns 43,283,137 shares of the semiconductor company’s stock valued at $1,513,179,000 after acquiring an additional 4,139,915 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 22.3% in the second quarter. Fisher Asset Management LLC now owns 34,471,281 shares of the semiconductor company’s stock valued at $1,205,116,000 after acquiring an additional 6,281,847 shares in the last quarter. Sanders Capital LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.7% in the second quarter. Sanders Capital LLC now owns 31,983,753 shares of the semiconductor company’s stock valued at $1,222,134,000 after acquiring an additional 852,580 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.5% in the second quarter. FMR LLC now owns 29,874,295 shares of the semiconductor company’s stock valued at $1,044,405,000 after acquiring an additional 735,888 shares in the last quarter. Institutional investors and hedge funds own 19.38% of the company’s stock.

Several equities analysts have recently weighed in on TSM shares. HSBC Holdings plc downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. BidaskClub downgraded Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.00.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) opened at 38.46 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $28.34 and a 12 month high of $38.85. The company’s 50-day moving average price is $37.40 and its 200-day moving average price is $35.48. The stock has a market cap of $199.46 billion, a P/E ratio of 17.21 and a beta of 0.74.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company 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 company posted $2.80 EPS. Taiwan Semiconductor Manufacturing’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities 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.

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

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