Elevation Point Wealth Partners LLC grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 306.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 52,397 shares of the semiconductor company’s stock after purchasing an additional 39,514 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $17,728,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in TSM. DSG Capital Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.1% during the first quarter. DSG Capital Advisors LLC now owns 53,110 shares of the semiconductor company’s stock worth $17,949,000 after acquiring an additional 599 shares during the last quarter. Jamison Private Wealth Management Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 25.1% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 1,097 shares of the semiconductor company’s stock valued at $371,000 after purchasing an additional 220 shares during the last quarter. Patten Group Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.8% during the 1st quarter. Patten Group Inc. now owns 1,914 shares of the semiconductor company’s stock worth $647,000 after purchasing an additional 52 shares during the period. Livet Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $205,000. Finally, Keybank National Association OH increased its position in shares of Taiwan Semiconductor Manufacturing by 5.2% during the 1st quarter. Keybank National Association OH now owns 37,837 shares of the semiconductor company’s stock worth $12,787,000 after purchasing an additional 1,862 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.
Key Stories Impacting Taiwan Semiconductor Manufacturing
Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:
- Positive Sentiment: Analysts remain broadly constructive on TSMC, with several reports highlighting strong AI-chip demand, expanding advanced-node capacity, and continued earnings growth expectations.
- Positive Sentiment: TSMC is expanding its global 3-nanometer footprint across Taiwan, Arizona, and Japan, reinforcing its position as a key supplier for AI and high-performance computing chips.
- Positive Sentiment: Recent commentary suggests TSMC remains a preferred way to play the AI semiconductor boom, supported by manufacturing leadership and estimate revisions.
- Positive Sentiment: A recent insider purchase by a TSMC vice president added a modest confidence signal, while analyst sentiment remains centered on a “Buy” view.
Taiwan Semiconductor Manufacturing Stock Down 2.1%
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $3.11 EPS for the quarter. The business had revenue of $30.65 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 46.97% and a return on equity of 36.81%. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.35 EPS for the current year.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a $1.1136 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.45 annualized dividend and a yield of 1.0%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 25.12%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on TSM shares. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $500.00 to $575.00 and gave the company a “positive” rating in a report on Monday, June 22nd. Needham & Company LLC lifted their price target on shares of Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $450.00 to $470.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Bank of America upped their price objective on shares of Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Zacks Research lowered Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $449.38.
Read Our Latest Report on Taiwan Semiconductor Manufacturing
Insiders Place Their Bets
In related news, VP Lipen Yuan acquired 1,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were acquired at an average price of $79.19 per share, with a total value of $79,190.00. Following the completion of the transaction, the vice president owned 5,000 shares of the company’s stock, valued at $395,950. The trade was a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bor-Zen Tien acquired 2,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $69.91 per share, for a total transaction of $139,820.00. Following the completion of the purchase, the vice president owned 11,051 shares of the company’s stock, valued at approximately $772,575.41. This represents a 22.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 5,496 shares of company stock worth $404,567 over the last 90 days. Corporate insiders own 1.11% of the company’s stock.
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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