Pictet Asset Management Ltd. Sells 213,755 Shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Pictet Asset Management Ltd. trimmed its holdings in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,166,533 shares of the semiconductor company’s stock after selling 213,755 shares during the period. Pictet Asset Management Ltd.’s holdings in Taiwan Semiconductor Mfg. were worth $10,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Renaissance Technologies LLC lifted its position in shares of Taiwan Semiconductor Mfg. by 1,211.2% during the second quarter. Renaissance Technologies LLC now owns 3,855,920 shares of the semiconductor company’s stock worth $140,972,000 after purchasing an additional 3,561,854 shares in the last quarter. Putnam Investments LLC lifted its position in shares of Taiwan Semiconductor Mfg. by 2.1% during the second quarter. Putnam Investments LLC now owns 302,104 shares of the semiconductor company’s stock worth $11,044,000 after purchasing an additional 6,070 shares in the last quarter. CWM LLC lifted its position in shares of Taiwan Semiconductor Mfg. by 390.7% during the third quarter. CWM LLC now owns 7,160 shares of the semiconductor company’s stock worth $316,000 after purchasing an additional 5,701 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Taiwan Semiconductor Mfg. by 155.5% during the second quarter. Envestnet Asset Management Inc. now owns 829,082 shares of the semiconductor company’s stock worth $30,311,000 after purchasing an additional 504,634 shares in the last quarter. Finally, WCM Investment Management CA lifted its position in shares of Taiwan Semiconductor Mfg. by 5.1% during the second quarter. WCM Investment Management CA now owns 22,637,189 shares of the semiconductor company’s stock worth $827,616,000 after purchasing an additional 1,092,330 shares in the last quarter. 19.35% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on TSM. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. ValuEngine raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Finally, Morgan Stanley raised shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.00.

NYSE TSM opened at $36.52 on Friday. Taiwan Semiconductor Mfg. Co. Ltd. has a 52 week low of $35.22 and a 52 week high of $46.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.34 and a current ratio of 2.67. The firm has a market cap of $194.17 billion, a PE ratio of 16.83, a PEG ratio of 1.14 and a beta of 1.18.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its earnings results on Thursday, October 18th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $257.92 billion. Taiwan Semiconductor Mfg. had a net margin of 34.38% and a return on equity of 22.62%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.47 earnings per share. As a group, equities research analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 earnings per share for the current year.

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Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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