ETRADE Capital Management LLC Sells 16,718 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

ETRADE Capital Management LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 14.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,178 shares of the semiconductor company’s stock after selling 16,718 shares during the period. ETRADE Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,432,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bruderman Asset Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $115,000. Pictet & Cie Europe SA purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $134,000. Pictet North America Advisors SA purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $166,000. U S Global Investors Inc purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $187,000. Finally, Sit Investment Associates Inc. grew its stake 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 worth $189,000 after acquiring an additional 2,800 shares during the last quarter. 19.38% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) traded up 0.16% during midday trading on Thursday, hitting $37.88. The company had a trading volume of 1,512,489 shares. The stock has a 50 day moving average price of $36.77 and a 200-day moving average price of $34.95. The stock has a market capitalization of $196.45 billion, a PE ratio of 17.02 and a beta of 0.76. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $28.34 and a 52 week high of $38.43.

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

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A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, June 15th. HSBC Holdings plc cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BidaskClub cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $31.67.

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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