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

Banque Pictet & Cie SA cut its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600,016 shares of the semiconductor company's stock after selling 35,140 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 0.8% of Banque Pictet & Cie SA's holdings, making the stock its 18th largest position. Banque Pictet & Cie SA's holdings in Taiwan Semiconductor Manufacturing were worth $99,603,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Taiwan Semiconductor Manufacturing by 67.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock valued at $2,047,065,000 after buying an additional 4,158,772 shares in the last quarter. FMR LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.6% in the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock worth $11,562,498,000 after buying an additional 2,572,488 shares in the last quarter. Sarasin & Partners LLP bought a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $362,773,000. Franklin Resources Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 32.3% during the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company's stock worth $1,678,283,000 after acquiring an additional 2,074,329 shares during the period. Finally, Northern Trust Corp increased its holdings in Taiwan Semiconductor Manufacturing by 45.2% during the 4th quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company's stock worth $1,233,318,000 after acquiring an additional 1,944,328 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 0.8%

Shares of NYSE:TSM traded down $1.79 on Thursday, reaching $230.06. 8,403,511 shares of the company traded hands, compared to its average volume of 15,336,255. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. The business's 50-day simple moving average is $204.28 and its 200 day simple moving average is $192.16. The stock has a market capitalization of $1.19 trillion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $237.58.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 31.75%.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of recent analyst reports. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday, June 17th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC lifted their target price on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Finally, Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus target price of $233.75.

Taiwan Semiconductor Manufacturing 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.