Bank Pictet & Cie Europe AG Purchases 14,632 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bank Pictet & Cie Europe AG raised its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 482,205 shares of the semiconductor company’s stock after acquiring an additional 14,632 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 2.0% of Bank Pictet & Cie Europe AG’s holdings, making the stock its 12th biggest position. Bank Pictet & Cie Europe AG’s holdings in Taiwan Semiconductor Manufacturing were worth $83,745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazari Capital Management Inc. increased its stake in Taiwan Semiconductor Manufacturing by 7.3% in the 3rd quarter. Lazari Capital Management Inc. now owns 1,456 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 99 shares during the last quarter. Segment Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $243,000. Stanley Laman Group Ltd. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at about $246,000. Pictet North America Advisors SA raised its holdings in Taiwan Semiconductor Manufacturing by 1.4% during the third quarter. Pictet North America Advisors SA now owns 223,042 shares of the semiconductor company’s stock worth $38,736,000 after acquiring an additional 3,105 shares in the last quarter. Finally, RBA Wealth Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 1,780.8% during the third quarter. RBA Wealth Management LLC now owns 22,193 shares of the semiconductor company’s stock valued at $3,854,000 after purchasing an additional 21,013 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 1.7 %

TSM opened at $198.49 on Wednesday. The stock’s fifty day simple moving average is $176.52 and its 200 day simple moving average is $165.27. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.95 and a 1-year high of $212.60. The stock has a market cap of $1.03 trillion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 0.98%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

About Taiwan Semiconductor Manufacturing

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.