Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 14.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,950 shares of the semiconductor company’s stock after selling 48,150 shares during the quarter. Cullen Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,346,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TSM. Bruderman Asset Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $115,000. Pictet & Cie Europe SA bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $134,000. Pictet North America Advisors SA bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $166,000. U S Global Investors Inc bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $187,000. Finally, Sit Investment Associates Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 107.7% during the 2nd quarter. Sit Investment Associates Inc. now owns 5,400 shares of the semiconductor company’s stock worth $189,000 after purchasing an additional 2,800 shares in the last quarter. 19.38% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.08). The firm had revenue of $213.86 billion during the quarter, compared to the consensus estimate of $214.25 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.61% and a net margin of 36.11%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.80 EPS.

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A number of research firms have recently issued reports on TSM. J P Morgan Chase & Co raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating in a research report on Tuesday. 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 cut 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 report on Wednesday, June 21st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $27.00.

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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