Taiwan Semiconductor Manufacturing Company ltd. (TSM) stock surged after Pictet and Cie Europe SA increased its stake in the company. The stock surged around 7% on Thursday, going up by 11% for the past 5-days.
Pictet and Cie Europe SA increased its stake by 110.5% during Q3 in the Taiwan Semiconductor Manufacturing Company. A recent 13F filing with the SEC revealed the same. Now, the institutional investor owns 222,856 shares of TSM’s stocks after purchasing the new 116,995 shares during the third quarter.
The recent SEC filing by Pictet and Cie Europe SA also disclosed the total worth of its TSM stake at $4,639,000.
Other investors and hedge funds also modified their holdings in TSM recently. Wealth Architects LLC increased its stake in TSM by 3.7% in Q3. The company now owns 2,465 shares worth $275,000 of the semiconductor company’s stock after purchasing an additional 87 shares in the last quarter.
Taiwan Semiconductor Manufacturing Company (TSM) posted its last earnings result on October 14, reporting an EPS of $1.08 for the quarter, topping the estimates. TSM had a return on equity of 29.08% and a net margin of 37.93%. The company generated a revenue of $14.88 billion, a little short of the analysts’ estimates of $14.89 billion. The analysts have estimated the company to report an EPS of $4.18 for the current fiscal quarter.
TSM stock has hit the twelve-month high of $145.00 and has been as low as $107.58 in the 52-week range. The debt-to-equity ratio for the stock is 0.23, while the current ratio is 2.09.
With a market capitalization of $735.153 billion, the semiconductor manufacturer opened at $140.75. The stock traded at $141.93, up 9.70 points (+7.34%) as of 12:38 pm EST.
Previously, the stock had closed at $132.23 but kept rising in the after-hour and pre-market trade. The stock has surged around 20% in the past month.