Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 46.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,552 shares of the semiconductor company’s stock after selling 157,610 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Taiwan Semiconductor Manufacturing were worth $81,910,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Cooper Financial Group grew its position in Taiwan Semiconductor Manufacturing by 0.3% during the 3rd quarter. Cooper Financial Group now owns 6,313 shares of the semiconductor company’s stock valued at $2,880,000 after purchasing an additional 22 shares during the last quarter. Dickmeyer Boyce Financial Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 0.7% in the third quarter. Dickmeyer Boyce Financial Management Inc. now owns 3,459 shares of the semiconductor company’s stock worth $1,578,000 after buying an additional 23 shares during the last quarter. Whelan Financial lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% in the third quarter. Whelan Financial now owns 1,040 shares of the semiconductor company’s stock worth $474,000 after buying an additional 23 shares in the last quarter. Plan A Wealth LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.9% in the third quarter. Plan A Wealth LLC now owns 2,735 shares of the semiconductor company’s stock worth $1,248,000 after buying an additional 24 shares in the last quarter. Finally, Graves Light Lenhart Wealth Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.4% in the second quarter. Graves Light Lenhart Wealth Inc. now owns 752 shares of the semiconductor company’s stock worth $359,000 after buying an additional 25 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

More Taiwan Semiconductor Manufacturing News

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

• Positive Sentiment: Taiwanese regulators tightened short-selling limits and authorized a NT$500 billion stabilization fund. The measures helped lift local-market sentiment and supported TSMC shares. TSMC Stocks Rise as Taiwan Curbs Short Selling and Deploys Stabilization Fund
• Positive Sentiment: A director disclosed buying 840 shares for about $300,000, increasing his direct holdings by 11.1%. Insider purchases can be viewed as a signal of confidence, although one transaction does not establish a broader trend. SEC filing on director share purchase
• Positive Sentiment: Eleven ETFs reportedly added TSMC shares, suggesting investment-fund demand that may provide some support. 11 ETFs Add to Taiwan Semiconductor
• Neutral Sentiment: Coverage was inconsistent about TSMC entering advanced memory production: one report suggested it may make memory for NVIDIA, while another said TSMC remains focused on logic chips. The uncertainty may affect expectations for future competition, but the reports do not establish a confirmed change in strategy. Report on possible advanced memory production

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Needham & Company LLC raised their price target on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Sanford C. Bernstein boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 16th. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a “positive” rating in a research note on Thursday, July 16th. Finally, TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $533.89.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $388.95 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $266.82 and a one year high of $487.47. The stock has a 50-day moving average of $431.09 and a 200 day moving average of $401.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. The company has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 25.03, a PEG ratio of 0.80 and a beta of 1.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.15. The business had revenue of $46.72 billion for the quarter, compared to analysts’ expectations of $45.67 billion. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The business’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.92 EPS. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.

Insider Buying and Selling

In related news, Director Michael R. Splinter purchased 840 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Thursday, November 5th. The stock was purchased at an average cost of $357.00 per share, for a total transaction of $299,880.00. Following the completion of the purchase, the director directly owned 8,405 shares of the company’s stock, valued at $3,000,585. The trade was a 11.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Lipen Yuan acquired 1,000 shares of the firm’s stock in a transaction dated Sunday, November 1st. The shares were bought at an average cost of $71.49 per share, with a total value of $71,490.00. Following the completion of the acquisition, the vice president directly owned 8,000 shares of the company’s stock, valued at $571,920. The trade was a 14.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 6,268 shares of company stock valued at $710,901 over the last quarter. Company insiders own 1.11% of the company’s stock.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a semiconductor foundry that manufactures chips designed by other companies. It provides wafer fabrication and related services, including advanced packaging, serving customers across industries such as computing, communications, automotive and consumer electronics.

Founded in 1987 and headquartered in Hsinchu, Taiwan, TSMC helped establish the dedicated foundry model, in which a manufacturer focuses on producing semiconductors for customers rather than selling its own chip designs.