BB&T Securities LLC Boosts Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

BB&T Securities LLC boosted its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 13.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,532 shares of the semiconductor company’s stock after purchasing an additional 12,332 shares during the quarter. BB&T Securities LLC’s holdings in Taiwan Semiconductor Mfg. were worth $3,712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSM. Renaissance Technologies LLC raised its holdings in Taiwan Semiconductor Mfg. by 1,211.2% in the second quarter. Renaissance Technologies LLC now owns 3,855,920 shares of the semiconductor company’s stock worth $140,972,000 after purchasing an additional 3,561,854 shares in the last quarter. Hermes Investment Management Ltd. raised its holdings in Taiwan Semiconductor Mfg. by 28.8% in the second quarter. Hermes Investment Management Ltd. now owns 11,454,210 shares of the semiconductor company’s stock worth $418,766,000 after purchasing an additional 2,562,907 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Taiwan Semiconductor Mfg. by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 44,674,092 shares of the semiconductor company’s stock worth $1,633,286,000 after acquiring an additional 2,367,792 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Taiwan Semiconductor Mfg. by 48.9% in the second quarter. Janus Henderson Group PLC now owns 6,938,363 shares of the semiconductor company’s stock worth $253,699,000 after acquiring an additional 2,278,222 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Taiwan Semiconductor Mfg. by 27.6% in the first quarter. BlackRock Inc. now owns 10,155,862 shares of the semiconductor company’s stock worth $444,421,000 after acquiring an additional 2,194,436 shares during the last quarter. Institutional investors and hedge funds own 19.17% of the company’s stock.

NYSE TSM opened at $43.43 on Friday. Taiwan Semiconductor Mfg. Co. Ltd. has a 12 month low of $35.35 and a 12 month high of $46.57. The firm has a market capitalization of $231.04 billion, a PE ratio of 20.00, a P/E/G ratio of 1.32 and a beta of 1.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.07.

Taiwan Semiconductor Mfg. (NYSE:TSM) last released its earnings results on Thursday, July 19th. The semiconductor company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Taiwan Semiconductor Mfg. had a return on equity of 23.19% and a net margin of 34.74%. The firm had revenue of $233.28 billion for the quarter, compared to analysts’ expectations of $230.77 billion. During the same period in the prior year, the firm posted $2.56 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. equities analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.25 earnings per share for the current year.

A number of equities research analysts have recently commented on the company. Nomura raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “buy” rating in a research note on Thursday, July 19th. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine cut Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. UBS Group raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a research note on Monday, July 2nd. Finally, Susquehanna Bancshares raised Taiwan Semiconductor Mfg. from a “neutral” rating to a “positive” rating in a research note on Monday, July 2nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $46.00.

Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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

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