Earnest Partners LLC Purchases 179,946 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Earnest Partners LLC boosted its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,806,208 shares of the semiconductor company’s stock after purchasing an additional 179,946 shares during the quarter. Earnest Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $63,145,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TSM. Empire Life Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $3,269,000. Jarislowsky Fraser Ltd acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $286,000. Wellington Management Group LLP increased its stake in Taiwan Semiconductor Manufacturing by 63.6% during the 1st quarter. Wellington Management Group LLP now owns 11,775,414 shares of the semiconductor company’s stock valued at $386,705,000 after buying an additional 4,579,517 shares during the period. Stratos Wealth Partners LTD. acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $209,000. Finally, FMR LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 5.9% in the 1st quarter. FMR LLC now owns 29,138,407 shares of the semiconductor company’s stock worth $956,904,000 after purchasing an additional 1,612,234 shares during the last quarter. Hedge funds and other institutional investors own 19.34% of the company’s stock.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded down 0.330% during mid-day trading on Tuesday, reaching $40.755. 1,209,740 shares of the company’s stock were exchanged. The company has a market cap of $211.36 billion, a PE ratio of 18.235 and a beta of 0.74. The stock has a 50-day moving average price of $37.93 and a 200 day moving average price of $35.77. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.34 and a 52-week high of $40.86.

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Several brokerages have recently issued reports on TSM. J P Morgan Chase & Co raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing currently has an average rating of “Hold” and an average target price of $27.00.

Taiwan Semiconductor Manufacturing Company 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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