Rep. Rick W. Allen Acquires Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares

Key Points

• Rep. Rick W. Allen purchased between $1,001 and $15,000 of TSMC shares on August 12, disclosed in a September 22 filing. He also bought Broadcom shares while selling positions in Rollins and Abbott Laboratories.
• TSMC reported quarterly revenue of $39.89 billion and EPS of $4.28, with a 50.31% net margin; analysts have a consensus “Buy” rating and an average price target of $523.22.
• TSMC’s advanced-chip pipeline and customer demand remain strong, but the stock’s elevated valuation and exposure to a broader technology-market pullback present risks. Shares recently traded near $446.57, close to their 52-week high.

Representative Rick W. Allen (Republican-Georgia) recently bought shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM). In a filing disclosed on September 22nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Taiwan Semiconductor Manufacturing stock on August 12th. The trade occurred in the Representative's "R.W. ALLEN & ASSOCIATES, INC. > RWA&A - SECURITIES" account.

Representative Rick W. Allen also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 8/12/2026.
• Sold $15,001 - $50,000 in shares of Rollins NYSE: ROL on 8/12/2026.
• Sold $15,001 - $50,000 in shares of Abbott Laboratories NYSE: ABT on 7/14/2026.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/14/2026.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 7/14/2026.

Taiwan Semiconductor Manufacturing Stock Down 1.2%

Taiwan Semiconductor Manufacturing stock opened at $446.57 on Thursday. The firm has a 50 day moving average price of $419.04 and a 200-day moving average price of $404.06. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $266.82 and a twelve month high of $479.00. The company has a market capitalization of $2.32 trillion, a P/E ratio of 32.22, a P/E/G ratio of 1.00 and a beta of 1.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 EPS for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. The company had revenue of $39.89 billion for the quarter. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.56 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. Investors of record on Thursday, December 10th will be given a dividend of $1.0854 per share. The ex-dividend date is Thursday, December 10th. This represents a $4.34 annualized dividend and a yield of 1.0%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 25.25%.

Institutional Trading of Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $27,000. Strategic Advocates LLC grew its position in Taiwan Semiconductor Manufacturing by 62.1% in the fourth quarter. Strategic Advocates LLC now owns 94 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 36 shares in the last quarter. Basepoint Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $31,000. Evolution Wealth Management Inc. increased its stake in Taiwan Semiconductor Manufacturing by 257.7% in the first quarter. Evolution Wealth Management Inc. now owns 93 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 67 shares during the last quarter. Finally, Cedar Mountain Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 88.2% during the second 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. 16.51% of the stock is currently owned by institutional investors.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other news, VP Shyue-Shyh Lin bought 2,000 shares of the company's stock in a transaction that occurred on Sunday, July 19th. The stock was bought at an average price of $71.71 per share, for a total transaction of $143,420.00. Following the transaction, the vice president directly owned 28,269 shares of the company's stock, valued at $2,027,169.99. This represents a 7.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lipen Yuan bought 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average price of $74.50 per share, with a total value of $74,500.00. Following the transaction, the vice president directly owned 6,000 shares in the company, valued at $447,000. The trade was a 20.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 19,106 shares of company stock valued at $1,417,283 over the last quarter. 1.11% of the stock is owned by company insiders.

Taiwan Semiconductor Manufacturing News Summary

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

• Positive Sentiment: TSMC’s next-generation A14 process is gaining customer traction, with tape-outs reportedly ahead of schedule and volume production targeted for 2028. Strong early demand supports the company’s long-term leadership in advanced chips. TSMC's A14 Gains Customer Traction Ahead of 2028 Volume Production
• Positive Sentiment: A new validation hub in Kaohsiung could bring advanced packaging capabilities closer to customers and suppliers, potentially shortening qualification cycles, although it does not add disclosed production capacity. TSMC Gains as Packaging Moves Closer to Its Suppliers
• Positive Sentiment: Erste Group raised its fiscal 2026 and 2027 EPS forecasts to $16.78 and $21.91, respectively, modestly above consensus estimates. The revisions reinforce expectations for strong earnings growth from advanced-node demand. Erste Group Raises TSMC EPS Estimates
• Neutral Sentiment: Analysts remain broadly bullish, but the articles note that average brokerage recommendations can be overly optimistic and should not be viewed as a standalone buy signal. Wall Street Bulls Look Optimistic About TSMC
• Negative Sentiment: TSMC is exposed to a broader technology-market pullback. Warning signs among some Nasdaq technology stocks may be encouraging investors to lock in gains, particularly with TSM trading near its 52-week high and at a forward-looking valuation requiring continued strong growth. Nasdaq Rally Hasn't Stopped These Tech Stocks From Flashing Warning Signs

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TSM. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a "positive" rating in a research report on Thursday, July 16th. Weiss Ratings cut Taiwan Semiconductor Manufacturing from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, September 9th. Wall Street Zen downgraded Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a "hold" rating in a report on Friday, July 17th. Finally, Bank of America boosted their price objective on Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Three 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's stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of "Buy" and a consensus price target of $523.22.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia's 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia's 12th Congressional District. He won in the general election on November 5, 2024. Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction. After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's leading dedicated semiconductor foundry. Founded in 1987 and headquartered in Hsinchu, Taiwan, the company pioneered the pure-play foundry business model, producing chips designed by other companies rather than developing and selling branded semiconductor products of its own.

TSMC manufactures semiconductor wafers using advanced and specialty process technologies.

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