1,409 Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Torray Investment Partners LLC

Key Points

• Torray Investment Partners cut its TSMC stake by 5.4%, selling 1,409 shares in the third quarter; it still held 24,900 shares worth about $11.36 million.
• Other institutional investors made mixed moves, and hedge funds and institutions collectively owned 16.51% of TSMC shares.
• TSMC beat quarterly earnings and revenue estimates, with revenue up 41.2% year over year; analysts’ consensus rating was “Buy.” Its quarterly dividend was reduced from $1.1136 to $1.0854 per share.

Torray Investment Partners LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,900 shares of the semiconductor company's stock after selling 1,409 shares during the period. Taiwan Semiconductor Manufacturing comprises about 1.5% of Torray Investment Partners LLC's investment portfolio, making the stock its 26th largest position. Torray Investment Partners LLC's holdings in Taiwan Semiconductor Manufacturing were worth $11,359,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. Challenger Wealth Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.1% during the third quarter. Challenger Wealth Management now owns 5,391 shares of the semiconductor company's stock worth $2,459,000 after purchasing an additional 58 shares during the last quarter. Garde Capital Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 6.7% in the third quarter. Garde Capital Inc. now owns 10,889 shares of the semiconductor company's stock valued at $4,967,000 after purchasing an additional 685 shares during the period. Torren Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at $157,000. BOCHK Asset Management Ltd increased its stake in Taiwan Semiconductor Manufacturing by 68.0% in the third quarter. BOCHK Asset Management Ltd now owns 22,116 shares of the semiconductor company's stock valued at $10,089,000 after purchasing an additional 8,951 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 12.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 886 shares of the semiconductor company's stock valued at $404,000 after purchasing an additional 101 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Commentary highlights TSMC’s role as the foundry for chip designers including Nvidia, AMD, Apple and Broadcom. Because it manufactures for multiple competitors, it may benefit broadly from AI-chip demand rather than relying on one designer’s success. Article: Taiwan Semi or Broadcom: If I Could Only Own 1 for the Next 5 Years, It Would Be This
• Positive Sentiment: Recent articles point to advanced manufacturing and the anticipated 2-nanometer production ramp as potential long-term supports, alongside continued investment in AI infrastructure and TSMC’s global manufacturing footprint. These are bullish themes, though the supplied coverage does not provide fresh company forecasts. Article: TSMC Is Down 18%: The 2nm Ramp Should Change That
• Positive Sentiment: Vice President Lipen Yuan reportedly bought 1,000 shares, increasing his position by 14.29%. Insider buying can signal confidence, although the transaction is modest relative to TSMC’s size. Article: Taiwan Semiconductor insider transaction
• Neutral Sentiment: Elon Musk may be softening his position on control of the proposed Terafab project in renewed discussions involving TSMC. A larger TSMC role could offer an opportunity, but talks remain uncertain and no agreement was reported. Article: Musk may soften Terafab control stance in fresh TSMC talks
• Negative Sentiment: Broader AI-stock selling could weigh on TSMC sentiment: one report says hedge funds have turned underweight AI stocks, while another reports ETFs collectively sold a net $81 million of TSM shares last Thursday. These are market-positioning signals, not evidence of a change in TSMC’s fundamentals. Article: AI Stocks Lose $5 Trillion in 3 Weeks as Hedge Funds Go Underweight AI for the First Time Since 2023 Article: 8 ETFs Cut Taiwan Semiconductor Holdings

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TSM. Zacks Research raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a "positive" rating in a report on Thursday, July 16th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a "buy" rating in a report on Thursday, October 15th. Finally, Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an "overweight" rating in a research report on Friday, October 16th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of "Buy" and an average price target of $528.78.

Insider Activity at Taiwan Semiconductor Manufacturing

In other news, VP Lipen Yuan acquired 1,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $74.50 per share, for a total transaction of $74,500.00. Following the acquisition, the vice president directly owned 6,000 shares in the company, valued at $447,000. This trade represents a 20.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders bought 7,043 shares of company stock valued at $529,416. Company insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 1.6%

Shares of NYSE TSM opened at $404.90 on Wednesday. The stock has a market capitalization of $2.10 trillion, a PE ratio of 26.06, a P/E/G ratio of 0.81 and a beta of 1.44. 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 firm has a fifty day moving average of $434.50 and a 200-day moving average of $400.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $266.82 and a 52-week high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.15. The business had revenue of $46.72 billion for the quarter, compared to analyst estimates of $45.67 billion. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The business's quarterly revenue was up 41.2% on a year-over-year basis. During the same period last year, the company posted $2.92 EPS. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be paid a dividend of $1.0854 per share. This is a drop from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. This represents a $4.34 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, December 10th. Taiwan Semiconductor Manufacturing's payout ratio is currently 22.27%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a dedicated semiconductor foundry headquartered in Hsinchu, Taiwan. The company manufactures integrated circuits for customers that design their own chips, allowing semiconductor, electronics, and technology companies to outsource production rather than operate their own fabrication facilities.

TSMC provides wafer fabrication services across a broad range of process technologies, including advanced nodes used in high-performance computing, smartphones, automotive systems, and artificial intelligence applications.

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