Aperio Group LLC Increased Stake in Taiwan Semiconductor (TSM) by $3.82 Million as Shares Declined

June 27, 2018 - By Gregory Tomko

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

Aperio Group Llc rose its stake by 4.03% in Taiwan Semiconductor (TSM), according to 2018Q1 SEC filling. The company’s stock declined 11.51% with the market as Aperio Group Llc bought 88,773 shares. At the end of 2018Q1, the 2.29M shares of the semiconductors company held by the institutional investor were valued at $100.35 million, up from 2.20 million at the end of the previous reported quarter. $187.49 billion is Taiwan Semiconductor’s market cap. TSM is reaching $36.01 during the last trading session, after decreased 1.23%.Currently Taiwan Semiconductor Manufacturing Company Limited is uptrending after 10.49% change in last June 27, 2017. TSM has also 3.53 million shares volume. TSM underperformed the S&P 500 by 2.08%.

Aperio Group Llc manages about $7.06 billion and $20.10B US Long portfolio. It reduced its stake in Medtronic Plc (NYSE:MDT) by 44,552 shares to 518,461 shares, valued at $41.59M in 2018Q1, according to the filing. Aperio Group Llc has cut its stake in Everest Re Group Ltd (NYSE:RE) and also reduced its holding in Renaissancere Holding (NYSE:RNR) by 58,608 shares in the quarter, for a total of 82,849 shares.

A couple more Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) news were announced by: Seekingalpha.com which released on June 22, 2018 “TSMC starts 7nm commercial production”, also Seekingalpha.com on June 08, 2018 announced “TSMC -2.6% on soft May revenue”, the next Investorplace.com is “After Some Bumps, It’s Clear Sailing Ahead for AMD Stock Now” on June 27, 2018. Fool.com has article titled “Qualcomm, Inc. to Tap TSMC for 7-Nano Chip Production”.

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

Total analysts of 3 have positions in Taiwan Semiconductor (NYSE:TSM) as follows: 2 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 67%. The firm has $39.0 highest while $3600 is the lowest target price. The average target $36 is -0.03% below the last ($36.01) price. Since January 16, 2018 according to StockzIntelligence Inc Taiwan Semiconductor has 5 analyst reports. On Tuesday, January 16 the stock has “Buy” rating by HSBC. In Tuesday, March 13 report Susquehanna maintained it with “Hold” rating and $39.0 target. On Monday, January 22 the stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned “Buy” rating by Goldman Sachs. On Thursday, January 18 the stock has “Hold” rating by Susquehanna. On Thursday, April 19 the stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has “Hold” rating given by Susquehanna.

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

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