Pillar Pacific Capital Management LLC Has $8.119 Million Stake in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Pillar Pacific Capital Management LLC Has $8.119 Million Stake in Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Pillar Pacific Capital Management LLC boosted its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 247,241 shares of the semiconductor company’s stock after buying an additional 2,945 shares during the period. Taiwan Semiconductor Mfg. Co. accounts for approximately 1.2% of Pillar Pacific Capital Management LLC’s portfolio, making the stock its 19th largest position. Pillar Pacific Capital Management LLC’s holdings in Taiwan Semiconductor Mfg. Co. were worth $8,119,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TSM. Numeric Investors LLC increased its position in shares of Taiwan Semiconductor Mfg. Co. by 67.7% in the fourth quarter. Numeric Investors LLC now owns 4,731,938 shares of the semiconductor company’s stock worth $136,043,000 after buying an additional 1,910,900 shares in the last quarter. Augustine Asset Management Inc. increased its position in shares of Taiwan Semiconductor Mfg. Co. by 1.6% in the first quarter. Augustine Asset Management Inc. now owns 169,322 shares of the semiconductor company’s stock worth $5,560,000 after buying an additional 2,668 shares in the last quarter. Commonwealth Equity Services Inc increased its position in shares of Taiwan Semiconductor Mfg. Co. by 0.3% in the third quarter. Commonwealth Equity Services Inc now owns 30,450 shares of the semiconductor company’s stock worth $931,000 after buying an additional 93 shares in the last quarter. Capital International Investors increased its position in shares of Taiwan Semiconductor Mfg. Co. by 0.4% in the third quarter. Capital International Investors now owns 5,434,388 shares of the semiconductor company’s stock worth $166,238,000 after buying an additional 23,770 shares in the last quarter. Finally, Harding Loevner LP increased its position in shares of Taiwan Semiconductor Mfg. Co. by 2.0% in the first quarter. Harding Loevner LP now owns 14,421,861 shares of the semiconductor company’s stock worth $473,614,000 after buying an additional 276,621 shares in the last quarter. 20.21% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) traded up 0.82% during midday trading on Friday, reaching $34.42. 5,249,755 shares of the company’s stock were exchanged. Taiwan Semiconductor Mfg. Co. Ltd. has a 12-month low of $22.75 and a 12-month high of $34.44. The company has a market cap of $178.50 billion, a price-to-earnings ratio of 15.33 and a beta of 0.88. The firm has a 50-day moving average price of $32.83 and a 200 day moving average price of $31.02.

Taiwan Semiconductor Mfg. Co. (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 13th. The semiconductor company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Taiwan Semiconductor Mfg. Co. had a net margin of 35.31% and a return on equity of 26.79%. The business earned $233.91 billion during the quarter, compared to analyst estimates of $237.12 billion. During the same period in the prior year, the business earned $2.50 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post $2.19 EPS for the current fiscal year.

A number of equities research analysts have commented on the stock. HSBC Holdings plc upgraded shares of Taiwan Semiconductor Mfg. Co. from a “hold” rating to a “buy” rating in a report on Tuesday, March 7th. Susquehanna Bancshares Inc restated a “neutral” rating on shares of Taiwan Semiconductor Mfg. Co. in a report on Friday, January 6th. Zacks Investment Research cut shares of Taiwan Semiconductor Mfg. Co. from a “buy” rating to a “hold” rating in a report on Wednesday, January 18th. Finally, Rosenblatt Securities set a $27.00 price target on shares of Taiwan Semiconductor Mfg. Co. and gave the stock a “buy” rating in a report on Saturday, April 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $30.33.

Taiwan Semiconductor Mfg. Co. 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.

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