Harding Loevner LP Increased Taiwan Semiconductor Mfg LTD (TSM) Stake as Shares Declined

June 29, 2018 - By Jimmy Cauthen

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Corporate Logo

Based on the latest 2018Q1 regulatory filing with the SEC, Harding Loevner Lp upped its holdings in Taiwan Semiconductor Mfg Ltd (TSM) by 32.35%. The company’s stock declined 11.51% with the market as Harding Loevner Lp bought 5.94 million shares. The semiconductors company reported $1.04 billion value for the 2018Q1. Now the hedge fund is holding 24.28 million shares, compared to the 18.35M from the previous quarter. $190.82 billion is the MC of Taiwan Semiconductor Mfg Ltd. Ticker’s shares touched $36.65 during the last trading session after 1.98% change.Taiwan Semiconductor Manufacturing Company Limited has volume of 3.20 million shares. Since June 29, 2017 TSM has risen 10.49% and is uptrending. TSM underperformed the S&P500 by 2.08%.

About $36.30 billion and $19.24B US Long portfolio Harding Loevner Lp operates. According to a filing the fund decreased its stake in Paypal Hldgs Inc by 117,504 shares to 5.78M shares, valued at $438.43 million in 2018Q1. Harding Loevner Lp has cut its stake in Colgate Palmolive Co (NYSE:CL) and also reduced its holding in Mastercard Incorporated (NYSE:MA) by 33,750 shares in the quarter, for a total of 1.34M shares.

For more Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) news brought out briefly go to: Fool.com, Seekingalpha.com, Nasdaq.com, Seekingalpha.com or Gurufocus.com. The titles are as follows: “Qualcomm, Inc. to Tap TSMC for 7-Nano Chip Production” brought out on June 25, 2018, “TSMC starts 7nm commercial production” on June 22, 2018, “After Some Bumps, It’s Clear Sailing Ahead for AMD Stock Now” with a publish date: June 27, 2018, “TSMC -2.6% on soft May revenue” and the last “Proposed Restrictions on Technology Transfers to China Leaves Some Tech Companies in Limbo” with publication date: June 28, 2018.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Ratings Coverage

A total of 3 analysts rate Taiwan Semiconductor (NYSE:TSM) as follows: 2 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 67% are bullish. (NYSE:TSM) has 5 ratings reports on 29 Jun 2018 according to StockzIntelligence. On Thursday, April 19 the firm has “Hold” rating by Susquehanna given. On Thursday, January 18 Susquehanna maintained Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) rating. Susquehanna has “Hold” rating and $38.0 target. The company rating was upgraded by Goldman Sachs on Monday, January 22. On Tuesday, January 16 the stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has “Buy” rating given by HSBC. The stock rating was maintained by Susquehanna with “Hold” on Tuesday, March 13.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Analyst Ratings Chart

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