Banque Pictet & Cie SA Takes Position in Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Banque Pictet & Cie SA bought a new position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the first quarter, Holdings Channel reports. The firm bought 172,231 shares of the semiconductor company’s stock, valued at approximately $1,073,000.

A number of other institutional investors have also recently modified their holdings of the company. Numeric Investors LLC raised its position in shares of Taiwan Semiconductor Manufacturing Company by 67.7% in the fourth quarter. Numeric Investors LLC now owns 4,731,938 shares of the semiconductor company’s stock worth $136,043,000 after buying an additional 1,910,900 shares during the period. Augustine Asset Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing Company by 1.6% in the first quarter. Augustine Asset Management Inc. now owns 169,322 shares of the semiconductor company’s stock worth $5,560,000 after buying an additional 2,668 shares during the period. Harding Loevner LP raised its position in shares of Taiwan Semiconductor Manufacturing Company by 2.0% in the first quarter. Harding Loevner LP now owns 14,421,861 shares of the semiconductor company’s stock worth $473,614,000 after buying an additional 276,621 shares during the period. Cookson Peirce & Co. Inc. raised its position in shares of Taiwan Semiconductor Manufacturing Company by 3.3% in the first quarter. Cookson Peirce & Co. Inc. now owns 427,505 shares of the semiconductor company’s stock worth $14,039,000 after buying an additional 13,740 shares during the period. Finally, Cumberland Partners Ltd purchased a new position in shares of Taiwan Semiconductor Manufacturing Company during the first quarter worth about $2,034,000. Institutional investors own 19.88% of the company’s stock.

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

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded up 0.262% during trading on Tuesday, reaching $36.305. The company had a trading volume of 2,278,784 shares. The firm has a 50-day moving average of $35.37 and a 200 day moving average of $32.21. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $24.36 and a 1-year high of $36.90. The firm has a market capitalization of $188.28 billion, a PE ratio of 16.029 and a beta of 0.75.

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) last announced its earnings results on Thursday, April 13th. The semiconductor company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Taiwan Semiconductor Manufacturing Company had a net margin of 36.52% and a return on equity of 26.86%. The business had revenue of $233.91 billion during the quarter, compared to analysts’ expectations of $237.12 billion. During the same period in the prior year, the company earned $2.50 earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. Analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.19 earnings per share for the current year.

The firm also recently announced an annual dividend, which will be paid on Thursday, July 20th. Stockholders of record on Wednesday, June 28th will be issued a $0.927 dividend. This represents a dividend yield of 3.25%. This is a boost from Taiwan Semiconductor Manufacturing Company’s previous annual dividend of $0.74. The ex-dividend date is Monday, June 26th. Taiwan Semiconductor Manufacturing Company’s dividend payout ratio is presently 34.56%.

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A number of equities analysts recently issued reports on TSM shares. HSBC Holdings plc upgraded Taiwan Semiconductor Manufacturing Company from a “hold” rating to a “buy” rating in a research note on Tuesday, March 7th. Zacks Investment Research upgraded Taiwan Semiconductor Manufacturing Company from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Saturday, March 18th. Credit Suisse Group lowered Taiwan Semiconductor Manufacturing Company from an “outperform” rating to a “neutral” rating in a research note on Monday, May 15th. Finally, Rosenblatt Securities set a $27.00 target price on Taiwan Semiconductor Manufacturing Company and gave the stock a “buy” rating in a research note on Saturday, April 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $31.67.

About Taiwan Semiconductor Manufacturing Company

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM).

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