Banque Pictet & Cie SA increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 86.8% during the 3rd quarter, Holdings Channel reports. The fund owned 681,967 shares of the semiconductor company’s stock after purchasing an additional 316,868 shares during the quarter. Banque Pictet & Cie SA’s holdings in Taiwan Semiconductor Manufacturing were worth $14,197,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American National Bank purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $25,000. Albion Financial Group UT acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $28,000. Activest Wealth Management grew its stake in Taiwan Semiconductor Manufacturing by 225.0% in the third quarter. Activest Wealth Management now owns 247 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 171 shares in the last quarter. Magellan Asset Management Ltd bought a new position in Taiwan Semiconductor Manufacturing in the second quarter worth about $37,000. Finally, Herold Advisors Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $44,000.
Get Taiwan Semiconductor Manufacturing alerts: Shares of TSM stock traded up $2.84 during mid-day trading on Wednesday, reaching $132.01. The stock had a trading volume of 347,483 shares, compared to its average volume of 17,646,279. The firm has a market cap of $684.61 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 1.80 and a beta of 0.90. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $107.58 and a 1-year high of $142.20. The business’s fifty day moving average is $120.76 and its 200-day moving average is $117.96. 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 released its earnings results on Thursday, October 14th. The semiconductor company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.03. The business had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.89 billion. Taiwan Semiconductor Manufacturing had a return on equity of 29.08% and a net margin of 37.93%. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 14th. Shareholders of record on Thursday, March 17th will be issued a dividend of $0.3911 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, March 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 39.85%.
A number of analysts recently weighed in on TSM shares. Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $120.00 to $125.00 in a research note on Tuesday. Susquehanna reaffirmed 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 research report on Wednesday. They issued a “buy” rating and a $145.00 price target on the stock. Susquehanna Bancshares restated a “hold” rating and set a $130.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, November 22nd. Finally, Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Thursday, September 16th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $134.89.
About Taiwan Semiconductor Manufacturing
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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