Fidelis Capital Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 27.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,964 shares of the semiconductor company’s stock after acquiring an additional 1,509 shares during the period. Fidelis Capital Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,116,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in TSM. Brighton Jones LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after buying an additional 1,892 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $701,000. Bank of Nova Scotia increased its position 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 worth $3,556,000 after purchasing an additional 1,784 shares in the last quarter. FWL Investment Management LLC increased its position in shares of 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 acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $270,000. Institutional investors and hedge funds own 16.51% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on TSM. Needham & Company LLC increased their target price on shares of Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings upgraded shares of Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Wedbush reiterated an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, February 11th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $450.00 to $470.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research cut shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $404.29.
Key Taiwan Semiconductor Manufacturing News
Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:
- Positive Sentiment: Reports say TSMC plans to raise prices on its advanced 3nm process by as much as 15% in the second half of the year, with another potential increase next year. That suggests stronger margins and reflects tight supply for cutting-edge chips. Report: Taiwan Semiconductor Manufacturing Company Ltd. (TSM.US) to Raise 3nm Process Prices by Up to 15% in 2H, May Hike Another 10% Next Year
- Positive Sentiment: TSMC is scaling 3nm capacity in Taiwan, Arizona, and Japan to keep up with surging AI demand and advanced packaging shortages, which supports longer-term revenue growth. Here’s How Taiwan Semiconductor Is Scaling Up to Meet Surging AI Demand
- Positive Sentiment: Nvidia’s CEO is reportedly deepening the AI semiconductor alliance with TSMC and SK hynix, reinforcing TSMC’s position as a key manufacturing partner for AI chips. Nvidia’s (NVDA) Jensen Huang Looks to Strengthen the AI Chip Alliance with SK Hynix and TSMC
- Positive Sentiment: TSMC’s stronger earnings, dividend increase, and broader AI-driven rally are keeping investor sentiment elevated and helping the stock stay near record highs. What Investors Need to Know About TSMC’s Hefty 17% Dividend Increase
- Neutral Sentiment: Market commentary also points to TSMC as a major beneficiary of the broader AI infrastructure boom, with Taiwan’s market capitalization rising sharply on the company’s gains. Taiwan Becomes World’s Fifth-Largest Stock Market on TSMC Boom
- Negative Sentiment: One headline noted an executive sold nearly $14 million of TSMC shares, which may create some short-term caution even though it does not change the company’s fundamentals. TSMC Executive Dumps Nearly $14 Million Worth in Shares
- Negative Sentiment: Huawei’s stated chip ambitions could eventually add competitive pressure in advanced semiconductors, though this is more of a long-term risk than an immediate threat. Huawei Targets 1.4nm Chips by 2031 Amid China AI Push
Taiwan Semiconductor Manufacturing Stock Up 2.4%
Shares of NYSE TSM opened at $422.35 on Thursday. The firm has a market capitalization of $2.19 trillion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 1.20 and a beta of 1.39. The company has a current ratio of 2.49, a quick ratio of 2.31 and a debt-to-equity ratio of 0.16. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $190.56 and a 1 year high of $430.55. The firm’s 50-day moving average is $375.08 and its 200-day moving average is $341.06.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. The company had revenue of $30.65 billion for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 46.97% and a return on equity of 36.81%. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.28 EPS for the current year.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be paid a $1.1136 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.45 annualized dividend and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing’s payout ratio is 24.71%.
Insider Activity
In other Taiwan Semiconductor Manufacturing news, VP Bor-Zen Tien bought 2,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of $69.91 per share, with a total value of $139,820.00. Following the purchase, the vice president owned 11,051 shares of the company’s stock, valued at $772,575.41. This trade represents a 22.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Tzu-Sou Chuang sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $69.83, for a total transaction of $13,966,000.00. Following the completion of the transaction, the vice president directly owned 2,495,165 shares in the company, valued at $174,237,371.95. This trade represents a 7.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders bought a total of 3,346 shares of company stock worth $218,005 in the last ninety days. Insiders own 1.11% of the company’s stock.
Taiwan Semiconductor Manufacturing Company Profile
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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