Phoenix Financial Ltd. lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 7.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,069,267 shares of the semiconductor company’s stock after selling 88,368 shares during the period. Taiwan Semiconductor Manufacturing comprises 3.2% of Phoenix Financial Ltd.’s holdings, making the stock its 6th largest holding. Phoenix Financial Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $485,041,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 495,228 shares of the semiconductor company’s stock worth $226,458,000 after purchasing an additional 5,318 shares during the period. Hansen & Associates Financial Group Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 27.3% in the third quarter. Hansen & Associates Financial Group Inc. now owns 657 shares of the semiconductor company’s stock worth $301,000 after purchasing an additional 141 shares during the last quarter. MSH Capital Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 734.8% in the third quarter. MSH Capital Advisors LLC now owns 4,700 shares of the semiconductor company’s stock valued at $2,155,000 after purchasing an additional 4,137 shares during the period. Ibex Wealth Advisors increased its holdings in Taiwan Semiconductor Manufacturing by 3.0% in the third quarter. Ibex Wealth Advisors now owns 38,910 shares of the semiconductor company’s stock valued at $17,750,000 after purchasing an additional 1,133 shares during the period. Finally, Clearwater Capital Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 12.7% in the third quarter. Clearwater Capital Advisors LLC now owns 542 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 61 shares during the period. Institutional investors own 16.51% of the company’s stock.
Key Taiwan Semiconductor Manufacturing News
These are some of the TSM news items that stood out recently:
- Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year. The strong growth points to continued demand for AI chips and supports expectations that the company’s capacity investments can sustain expansion. Article: TSMC Just Booked a Record NT$587 Billion Month
- Positive Sentiment: The company announced an approximately 41% year-over-year increase in its quarterly dividend to about $1.37 per ADS, a positive signal for shareholder returns, though the higher payout is not expected to be reflected immediately in distributions. TSMC dividend information
- Negative Sentiment: TSMC confirmed that current and former employees’ personal data was exposed through a cloud provider. Reports say hackers are demanding 3 bitcoin over about 46,000 records, raising cybersecurity and reputational concerns. Article: TSMC Confirms Employee Data Leak Through Cloud Provider
Analyst Upgrades and Downgrades
TSM has been the subject of several analyst reports. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Sanford C. Bernstein upped their price target on Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Wall Street Zen cut Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Finally, Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Buy” and a consensus price target of $533.89.
Read Our Latest Stock Report on Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Trading Down 1.5%
TSM traded down $5.99 during trading on Friday, reaching $399.50. 10,704,547 shares of the stock traded hands, compared to its average volume of 14,768,286. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2.07 trillion, a PE ratio of 25.71, a P/E/G ratio of 0.81 and a beta of 1.44. The stock’s 50-day moving average is $430.12 and its 200 day moving average is $402.49. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $266.82 and a 12 month high of $487.47.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm 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 business posted $2.92 EPS. The business’s revenue was up 41.2% compared to the same quarter last year. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 earnings per share for the current year.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 8th. Investors of record on Thursday, March 11th will be given a dividend of $1.3663 per share. This represents a $5.47 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, March 11th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.0854. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 22.07%.
Insider Activity at Taiwan Semiconductor Manufacturing
In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan bought 1,000 shares of the stock in a transaction on Sunday, November 1st. The stock was acquired at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the completion of the acquisition, the vice president owned 8,000 shares in the company, valued at $571,920. This trade represents a 14.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael R. Splinter purchased 840 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was acquired at an average cost of $357.00 per share, for a total transaction of $299,880.00. Following the completion of the purchase, the director owned 8,405 shares of the company’s stock, valued at approximately $3,000,585. This trade represents a 11.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 7,869 shares of company stock valued at $823,771 in the last ninety days. 1.11% of the stock is currently owned by insiders.
About Taiwan Semiconductor Manufacturing
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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