Bank Pictet & Cie Europe AG Has $88.44 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bank Pictet & Cie Europe AG trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 447,801 shares of the semiconductor company’s stock after selling 34,404 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.9% of Bank Pictet & Cie Europe AG’s portfolio, making the stock its 14th biggest holding. Bank Pictet & Cie Europe AG’s holdings in Taiwan Semiconductor Manufacturing were worth $88,436,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $25,000. Stonebridge Financial Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. Archer Investment Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. American Capital Advisory LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $38,000. Finally, OLD Second National Bank of Aurora lifted its holdings in Taiwan Semiconductor Manufacturing by 169.8% during the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 146 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $203.77 on Friday. The stock’s fifty day moving average price is $205.24 and its two-hundred day moving average price is $188.67. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $122.91 and a one year high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market cap of $1.06 trillion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.35%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TSM. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.