Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Position Boosted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 93.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 302,174 shares of the semiconductor company’s stock after buying an additional 145,823 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $10,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bruderman Asset Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $115,000. Sit Investment Associates Inc. lifted its position in Taiwan Semiconductor Manufacturing by 107.7% during the second quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock worth $189,000 after buying an additional 2,800 shares during the period. U S Global Investors Inc purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $187,000. Ferguson Wellman Capital Management Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $205,000. Finally, BBR Partners LLC purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $206,000. Hedge funds and other institutional investors own 19.38% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded up 2.54% during midday trading on Wednesday, reaching $39.96. The company’s stock had a trading volume of 2,268,265 shares. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $28.34 and a 52 week high of $40.28. The stock has a market capitalization of $35.61 billion, a PE ratio of 20.28 and a beta of 0.74. The stock has a 50-day moving average price of $37.56 and a 200 day moving average price of $35.61.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.08). The firm had revenue of $213.86 billion for the quarter, compared to analysts’ expectations of $214.25 billion. Taiwan Semiconductor Manufacturing had a net margin of 36.11% and a return on equity of 25.61%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.80 EPS. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current year.

Several equities analysts recently weighed in on the company. J P Morgan Chase & Co upgraded Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research report on Tuesday. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, HSBC Holdings plc downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing presently has an average rating of “Hold” and a consensus price target of $27.00.

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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.

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

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