Matthews International Capital Management LLC Has Trimmed Its Taiwan Semiconductor Mfg LTD (TSM) Stake by $20.35 Million; Market Valuation Declined

July 13, 2018 - By Nellie Rakes

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Logo

Matthews International Capital Management Llc decreased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 14.03% based on its latest 2018Q1 regulatory filing with the SEC. Matthews International Capital Management Llc sold 473,324 shares as the company’s stock declined 11.51% with the market. The institutional investor held 2.90M shares of the semiconductors company at the end of 2018Q1, valued at $126.87 million, down from 3.37M at the end of the previous reported quarter. Matthews International Capital Management Llc who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be less bullish one the $191.42B market cap company. The stock increased 1.05% or $0.39 during the last trading session, reaching $37.7. About 2.98 million shares traded. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 10.49% since July 13, 2017 and is uptrending. It has underperformed by 2.08% the S&P500.

Matthews International Capital Management Llc, which manages about $24.94B and $2.21 billion US Long portfolio, upped its stake in China Mobile Limited (NYSE:CHL) by 1.33M shares to 5.87M shares, valued at $268.75M in 2018Q1, according to the filing. It also increased its holding in Baozun Inc by 76,200 shares in the quarter, for a total of 1.19 million shares, and has risen its stake in Hsbc Hldgs Plc (NYSE:HSBC).

Analysts await Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to report earnings on July, 19 before the open. They expect $0.45 earnings per share, up 7.14 % or $0.03 from last year’s $0.42 per share. TSM’s profit will be $2.28 billion for 20.94 P/E if the $0.45 EPS becomes a reality. After $0.59 actual earnings per share reported by Taiwan Semiconductor Manufacturing Company Limited for the previous quarter, Wall Street now forecasts -23.73 % negative EPS growth.

More recent Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) news were published by: Fool.com which released: “TSMC Is Set to Beat Intel at Its Own Game” on July 05, 2018. Also Seekingalpha.com published the news titled: “Susquehanna upgrades TSMC to 31% upside” on July 02, 2018. Seekingalpha.com‘s news article titled: “TSMC starts 7nm commercial production” with publication date: June 22, 2018 was also an interesting one.

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

Among 3 analysts covering Taiwan Semiconductor (NYSE:TSM), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Taiwan Semiconductor had 6 analyst reports since January 16, 2018 according to SRatingsIntel. The stock has “Hold” rating by Susquehanna on Thursday, January 18. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) earned “Hold” rating by Susquehanna on Tuesday, March 13. On Monday, January 22 the stock rating was upgraded by Goldman Sachs to “Buy”. Susquehanna maintained it with “Hold” rating and $3600 target in Thursday, April 19 report. The company was upgraded on Monday, July 2 by Susquehanna. As per Tuesday, January 16, the company rating was upgraded by HSBC.

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

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