Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Holdings Reduced by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. lowered its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,760 shares of the semiconductor company’s stock after selling 1,480 shares during the period. Pittenger & Anderson Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TSM. Pictet & Cie Europe SA bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $134,000. Pictet North America Advisors SA bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $166,000. U S Global Investors Inc bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $187,000. Sit Investment Associates Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 107.7% in the second quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock valued at $189,000 after purchasing an additional 2,800 shares during the period. Finally, Ingalls & Snyder LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $205,000. 19.38% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. 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 lowered 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 cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $31.67.

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Taiwan Semiconductor Manufacturing Company Ltd. (TSM) opened at 37.77 on Friday. The company’s 50-day moving average is $36.77 and its 200 day moving average is $34.95. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $28.34 and a 52 week high of $38.43. The stock has a market cap of $195.88 billion, a PE ratio of 16.98 and a beta of 0.76.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $213.86 billion for the quarter, compared to the consensus estimate of $214.25 billion. During the same quarter in the previous year, the business posted $2.80 EPS. Taiwan Semiconductor Manufacturing’s revenue was down 3.6% on a year-over-year basis. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current fiscal year.

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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