17,434 Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Cabot Wealth Management Inc.

Key Points

• Cabot Wealth Management cut its TSM stake by 19.3%, selling 17,434 shares in the third quarter; it retained 72,898 shares valued at about $33.3 million.
• Analysts broadly remain positive: TSM has a consensus Buy rating and an average price target of $533.89.
• TSMC reported quarterly EPS of $4.60, above the $4.45 estimate, while revenue rose 41.2% year over year; it also increased its quarterly dividend to $1.3663 per share.

Cabot Wealth Management Inc. reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 19.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,898 shares of the semiconductor company's stock after selling 17,434 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 3.1% of Cabot Wealth Management Inc.'s portfolio, making the stock its 5th largest holding. Cabot Wealth Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $33,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSM. Tiger Global Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 49.4% in the first quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock valued at $1,880,717,000 after acquiring an additional 1,839,600 shares in the last quarter. Sei Investments Co. increased its position in shares of Taiwan Semiconductor Manufacturing by 11.8% during the first quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company's stock worth $875,802,000 after purchasing an additional 274,389 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Taiwan Semiconductor Manufacturing by 67.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,717,515 shares of the semiconductor company's stock worth $783,513,000 after purchasing an additional 690,523 shares in the last quarter. Bahl & Gaynor LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 16.4% during the third quarter. Bahl & Gaynor LLC now owns 1,636,856 shares of the semiconductor company's stock worth $746,717,000 after purchasing an additional 231,157 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 7.9% during the first quarter. Bessemer Group Inc. now owns 1,781,764 shares of the semiconductor company's stock worth $602,147,000 after purchasing an additional 130,602 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of research analyst reports. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an "overweight" rating in a research report on Friday, October 16th. Sanford C. Bernstein raised their price target on Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 4th. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Finally, Weiss Ratings cut Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a research note on Wednesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $533.89.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $412.74 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47. The firm has a 50-day simple moving average of $430.67 and a 200-day simple moving average of $401.82. The company has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44.

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 (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.15. The firm had revenue of $46.72 billion for the quarter, compared to analysts' expectations of $45.67 billion. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The firm's revenue for the quarter was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.92 EPS. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.46 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Thursday, March 11th will be issued a $1.3663 dividend. The ex-dividend date of this dividend is Thursday, March 11th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.0854. This represents a $5.47 dividend on an annualized basis and a dividend yield of 1.3%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 22.27%.

Insider Buying and Selling

In related news, VP Lipen Yuan purchased 1,000 shares of the firm's stock in a transaction that occurred on Sunday, November 1st. The stock was purchased at an average cost of $71.49 per share, with a total value of $71,490.00. Following the completion of the acquisition, the vice president directly owned 8,000 shares in the company, valued at $571,920. This trade represents a 14.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael R. Splinter acquired 840 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was purchased at an average price of $357.00 per share, for a total transaction of $299,880.00. Following the completion of the transaction, the director owned 8,405 shares in the company, valued at $3,000,585. The trade was a 11.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 7,869 shares of company stock worth $823,771. Corporate insiders own 1.11% of the company's stock.

Recent Taiwan Semiconductor Manufacturing Headlines

Here are a few of the latest headlines about TSM:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year and 14.7% from September. The surge reinforces expectations that strong demand for AI chips and orders from customers such as Nvidia and Apple are supporting growth. TSMC's October sales jump as global chip boom rolls on
• Positive Sentiment: The board approved investments of up to $1 billion combined in OpenAI and Anthropic. Investors may see the stakes as a way to strengthen ties with major AI customers and broaden TSMC’s exposure to the AI expansion, although the investments are not chip sales. TSMC approves up to $1 billion investment plan in Anthropic and OpenAI
• Positive Sentiment: TSMC raised its quarterly dividend, adding a shareholder-return signal alongside its strong operating results. Multiple executives and a director also disclosed recent share purchases, which may be viewed as a modest sign of insider confidence. Taiwan Semiconductor Manufacturing company information

Taiwan Semiconductor Manufacturing Profile

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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