United Advisor Group LLC grew its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 57.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,727 shares of the semiconductor company’s stock after acquiring an additional 1,721 shares during the period. United Advisor Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,157,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of TSM. Fiduciary Advisors Inc. grew its position in Taiwan Semiconductor Manufacturing by 200.0% during the 3rd quarter. Fiduciary Advisors Inc. now owns 60 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 40 shares during the last quarter. Cedar Mountain Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 88.2% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 30 shares in the last quarter. Markowski Investments bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $33,000. Heritage Family Offices LLP purchased a new position in Taiwan Semiconductor Manufacturing in the third quarter worth about $37,000. Finally, Curry Webb Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the third quarter worth about $39,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Insider Activity
In related news, VP Lipen Yuan purchased 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Sunday, November 1st. The stock was purchased at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the completion of the purchase, the vice president directly owned 8,000 shares of the company’s stock, valued at $571,920. The trade was a 14.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 5,428 shares of company stock worth $411,021. Company insiders own 1.11% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of Taiwan Semiconductor Manufacturing stock traded up $22.05 during trading on Friday, hitting $375.15. 23,785,880 shares of the company’s stock traded hands, compared to its average volume of 12,097,490. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $266.82 and a 1 year high of $487.47. The stock has a market capitalization of $1.95 trillion, a P/E ratio of 24.14, a PEG ratio of 0.81 and a beta of 1.44. The business has a 50-day simple moving average of $431.68 and a 200-day simple moving average of $400.77.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its quarterly earnings data on Thursday, October 15th. The semiconductor company reported $4.60 EPS for the quarter, topping the consensus estimate of $4.45 by $0.15. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The company had revenue of $46.72 billion during the quarter, compared to the consensus estimate of $45.67 billion. During the same period last year, the company earned $2.92 EPS. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 41.2% on a year-over-year basis. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Thursday, December 10th will be issued a dividend of $1.0854 per share. This represents a $4.34 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 10th. This is a drop from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing’s payout ratio is 22.27%.
Taiwan Semiconductor Manufacturing News Summary
Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:
- Positive Sentiment: Taiwan tightened short-selling rules and prepared a reported $15 billion fund to support its markets, helping lift TSMC shares in premarket trading after the regional chip rout. Benzinga article
- Positive Sentiment: Nvidia reportedly wants TSMC to make advanced memory chips. If TSMC pursues the opportunity, it could broaden its role in AI hardware and deepen ties with a major customer; the report describes a possibility, not a confirmed project. TipRanks article
- Positive Sentiment: Sanford C. Bernstein raised its price target to $600 from $554 and reiterated an “outperform” rating, signaling confidence in TSMC’s prospects despite the recent sector weakness. MarketBeat analyst update
- Neutral Sentiment: TSMC’s position as a leading manufacturer for Nvidia, AMD and other chip designers supports exposure to AI demand across competing customers. Some coverage also argues the shares trade below their usual valuation range, though that does not ensure a near-term recovery. The Motley Fool article
- Negative Sentiment: The rebound follows a steep regional chip-stock selloff amid worries about AI valuations, spending expectations and growth. That market-wide pressure could keep TSM volatile even as its manufacturing business benefits from AI demand. 24/7 Wall St. article
Analyst Upgrades and Downgrades
TSM has been the topic of several analyst reports. Stifel Nicolaus began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They issued a “buy” rating and a $515.00 target price on the stock. Sanford C. Bernstein increased their price target on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday. Needham & Company LLC raised their price target on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Weiss Ratings lowered shares of Taiwan Semiconductor Manufacturing from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $533.89.
View Our Latest Stock Report on TSM
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Company (TSMC) is a semiconductor foundry that manufactures chips designed by other companies. It provides wafer fabrication and related services, including advanced packaging, serving customers across industries such as computing, communications, automotive and consumer electronics.
Founded in 1987 and headquartered in Hsinchu, Taiwan, TSMC helped establish the dedicated foundry model, in which a manufacturer focuses on producing semiconductors for customers rather than selling its own chip designs.
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