Bank Pictet & Cie Asia Ltd. Purchases 1,346 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bank Pictet & Cie Asia Ltd. increased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,074 shares of the semiconductor company’s stock after buying an additional 1,346 shares during the period. Bank Pictet & Cie Asia Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $335,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Architects LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. Wealth Architects LLC now owns 2,465 shares of the semiconductor company’s stock valued at $275,000 after purchasing an additional 87 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its holdings in Taiwan Semiconductor Manufacturing by 7.5% during the 2nd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 1,290 shares of the semiconductor company’s stock valued at $155,000 after buying an additional 90 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 5.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,812 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 91 shares during the last quarter. Griffin Asset Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 1.9% in the third quarter. Griffin Asset Management Inc. now owns 5,106 shares of the semiconductor company’s stock valued at $570,000 after acquiring an additional 94 shares during the period. Finally, Confluence Investment Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% during the third quarter. Confluence Investment Management LLC now owns 19,395 shares of the semiconductor company’s stock valued at $2,165,000 after acquiring an additional 97 shares during the last quarter.

Shares of NYSE:TSM traded up $6.92 during trading on Thursday, reaching $139.15. The company had a trading volume of 1,144,519 shares, compared to its average volume of 10,330,715. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $107.58 and a twelve month high of $142.20. The firm’s fifty day moving average is $121.13 and its 200 day moving average is $118.06. The company has a current ratio of 2.09, a quick ratio of 1.81 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 14th. The semiconductor company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. The company had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.93% and a return on equity of 29.08%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 14th. Stockholders of record on Thursday, March 17th will be paid a dividend of $0.3911 per share. The ex-dividend date is Wednesday, March 16th. This represents a $1.56 annualized dividend and a dividend yield of 1.12%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 39.85%.

TSM has been the topic of a number of research analyst reports. Susquehanna Bancshares restated a “hold” rating and set a $130.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Monday, November 22nd. DZ Bank assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday. They set a “buy” rating and a $145.00 price target on the stock. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Thursday. Atlantic Securities upgraded shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $125.00 to $170.00 in a report on Thursday. Finally, Susquehanna reiterated a “hold” rating and issued a $130.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, November 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $139.76.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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