Pictet Asset Management Holding SA Cuts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Pictet Asset Management Holding SA trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 17.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 208,399 shares of the semiconductor company’s stock after selling 43,673 shares during the period. Pictet Asset Management Holding SA’s holdings in Taiwan Semiconductor Manufacturing were worth $41,157,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. New Age Alpha Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 77.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 191,200 shares of the semiconductor company’s stock valued at $37,760,000 after buying an additional 83,635 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Taiwan Semiconductor Manufacturing by 5.6% during the fourth quarter. Blair William & Co. IL now owns 91,596 shares of the semiconductor company’s stock valued at $18,089,000 after acquiring an additional 4,857 shares in the last quarter. AssuredPartners Investment Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $910,000. NEOS Investment Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 22.9% in the 4th quarter. NEOS Investment Management LLC now owns 11,368 shares of the semiconductor company’s stock worth $2,245,000 after purchasing an additional 2,117 shares in the last quarter. Finally, Sava Infond d.o.o. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $20,328,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

Shares of TSM stock opened at $165.82 on Monday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The stock has a market capitalization of $860.00 billion, a P/E ratio of 23.55, a P/E/G ratio of 0.66 and a beta of 1.13. The firm’s 50 day moving average is $192.35 and its 200 day moving average is $192.71.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed 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 represents a $2.74 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, Barclays boosted their price target 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.00.

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.