Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Get Free Report)’s stock price rose 1% during mid-day trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $409.89 and last traded at $402.4870. Approximately 11,608,679 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 14,062,254 shares. The stock had previously closed at $398.37.
A number of other research firms have also recently commented on TSM. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday. Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a “positive” rating in a research report on Thursday. Bank of America lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $490.00.
Read Our Latest Stock Analysis on TSM
Insider Activity
More Taiwan Semiconductor Manufacturing News
Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:
- Positive Sentiment: TSMC’s latest earnings and guidance showed that AI-related demand remains very strong, with revenue growth, margins, and advanced-node capacity all trending higher. Taiwan Semiconductor: The Buildout Is Still Accelerating
- Positive Sentiment: Management said long-term AI chip demand is still “strong” and multi-year, while the company accelerates its Arizona expansion, which reinforces confidence in future demand and scale. TSMC expects ‘strong, multi-year’ demand for AI chips as it ramps up Arizona investment
- Positive Sentiment: Several recent analyst-style pieces argue TSM is a strong “buy on the dip” momentum play because AI demand, strong guidance, and leading-edge production expansion remain intact. Why Taiwan Semiconductor (TSM) is a Must-Buy Momentum Play on the Dip?
- Positive Sentiment: High-profile investor coverage from David Tepper and Stanley Druckenmiller put attention on semiconductor names tied to AI infrastructure, helping reinforce TSMC as a favored large-cap AI beneficiary. Billionaire Investor David Tepper’s Top 5 Stocks
- Neutral Sentiment: Some commentary highlights that the broader semiconductor sector has been under pressure and even entered a bear market, suggesting TSM may still face volatility despite its strong fundamentals. Semiconductor stocks enter bear market: Is bubble burst next?
- Negative Sentiment: Investors are worried that TSMC’s much larger Arizona spending plan could pressure profit margins and execution, especially with labor and infrastructure constraints mentioned in recent reports. TSMC (TSM) Stock Slips as $100 Billion U.S. Expansion Adds Pressure to Profit Margins
Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing
Several large investors have recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after acquiring an additional 1,892 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $701,000. Bank of Nova Scotia raised its stake in shares of Taiwan Semiconductor Manufacturing by 12.8% during the 2nd quarter. Bank of Nova Scotia now owns 15,697 shares of the semiconductor company’s stock valued at $3,556,000 after purchasing an additional 1,784 shares during the period. FWL Investment Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 26.5% during the 2nd quarter. FWL Investment Management LLC now owns 253 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 53 shares in the last quarter. Finally, Main Street Financial Solutions LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $270,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Trading Up 1.0%
The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.31 and a current ratio of 2.49. The firm has a market cap of $2.09 trillion, a P/E ratio of 29.04, a P/E/G ratio of 0.95 and a beta of 1.36. The firm has a 50 day simple moving average of $426.79 and a 200 day simple moving average of $378.48.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 40.88% and a net margin of 50.31%.The firm had revenue of $39.89 billion for the quarter. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.83 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a $1.1136 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.45 annualized dividend and a yield of 1.1%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 21.43%.
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.
TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.
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