2,002 Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Bell Asset Management Ltd

Key Points

• Bell Asset Management reduced its TSMC stake by 19.1% in the third quarter, selling 2,002 shares and retaining 8,499 shares valued at approximately $3.88 million.
• Other major institutional investors—including Janus Henderson, Tiger Global, Invesco, Sei Investments, and T. Rowe Price—expanded their positions, while institutional investors collectively owned 16.51% of TSMC.
• TSMC reported strong quarterly results, including $4.28 in EPS, $39.89 billion in revenue, and a 50.31% net margin. Analysts maintained an overall “Buy” consensus with an average price target of $524.89, although the company reduced its quarterly dividend to $1.0854.

Bell Asset Management Ltd lessened its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 19.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,499 shares of the semiconductor company's stock after selling 2,002 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.4% of Bell Asset Management Ltd's investment portfolio, making the stock its 12th biggest holding. Bell Asset Management Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $3,877,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.7% in the 4th quarter. Janus Henderson Group PLC now owns 8,291,884 shares of the semiconductor company's stock valued at $2,497,638,000 after buying an additional 594,780 shares during the last quarter. Tiger Global Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 49.4% during the first quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock worth $1,880,717,000 after buying an additional 1,839,600 shares during the last quarter. Invesco Ltd. increased its holdings in Taiwan Semiconductor Manufacturing by 1.1% during the fourth quarter. Invesco Ltd. now owns 3,721,823 shares of the semiconductor company's stock worth $1,131,025,000 after buying an additional 40,842 shares during the last quarter. Sei Investments Co. raised its position in 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 acquiring an additional 274,389 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in Taiwan Semiconductor Manufacturing by 168.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,093,115 shares of the semiconductor company's stock worth $636,077,000 after acquiring an additional 1,313,917 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Insider Activity

In other news, VP Shyue-Shyh Lin purchased 2,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Sunday, July 19th. The shares were bought at an average cost of $71.71 per share, for a total transaction of $143,420.00. Following the completion of the acquisition, the vice president owned 28,269 shares in the company, valued at approximately $2,027,169.99. This trade represents a 7.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bor-Zen Tien acquired 3,000 shares of the stock in a transaction dated Tuesday, July 21st. The stock was purchased at an average cost of $74.39 per share, with a total value of $223,170.00. Following the purchase, the vice president directly owned 4,000 shares of the company's stock, valued at $297,560. This trade represents a 300.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 16,043 shares of company stock worth $1,185,746. Insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 3.0%

TSM opened at $457.94 on Friday. The stock has a fifty day moving average of $432.16 and a 200-day moving average of $413.53. The company has a market capitalization of $2.38 trillion, a P/E ratio of 33.04, a P/E/G ratio of 1.05 and a beta of 1.37. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47. 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 (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. The firm had revenue of $39.89 billion during the quarter. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.56 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. Stockholders of record on Thursday, December 10th will be paid a $1.0854 dividend. This represents a $4.34 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, December 10th. This is a negative change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 24.75%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a "hold" rating in a research note on Friday, July 17th. Weiss Ratings cut Taiwan Semiconductor Manufacturing from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 11th. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a "positive" rating in a research note on Thursday, July 16th. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday. Three investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $524.89.

Key Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Record AI-driven revenue: TSMC reported third-quarter revenue of NT$1.49 trillion (about $46.7 billion), up roughly 50% year over year and ahead of analyst expectations. September sales rose 54.6% year over year to NT$511.86 billion, reinforcing evidence that demand for advanced AI chips remains robust. TSMC's third-quarter revenue surges to record, beating market forecast
• Positive Sentiment: Potential Musk-related business: Reports indicate TSMC could win a substantial contract connected to Tesla and SpaceX’s planned Terafab project. However, the companies are expected to retain operational control, with TSMC potentially subleasing part of the facility rather than running it. Elon Musk Delivered Massive News for Taiwan Semiconductor Stock Investors
• Positive Sentiment: Expanded packaging ecosystem: TSMC signed a multiyear, $2 billion agreement with GlobalFoundries for U.S.-made silicon interposers supporting its CoWoS advanced-packaging technology. The partnership should increase packaging capacity for AI and high-performance computing, although production is not expected to ramp until 2028. GlobalFoundries Lands $2 Billion TSMC Deal to Expand US AI Chip Packaging
• Neutral Sentiment: Several TSMC executives, including CEO Che-Chia Wei, reported modest open-market purchases. The buying may signal management confidence, but the transactions were relatively small compared with the company’s market value. Taiwan Semiconductor Manufacturing CEO Purchases Shares
• Negative Sentiment: Shares faced selling pressure after a powerful rally toward their 52-week high. Rising oil prices and Treasury yields weakened the broader technology market, while investors questioned whether record AI results were already reflected in TSM’s premium valuation.
• Negative Sentiment: Mixed headlines about Terafab created uncertainty: Musk ruled out TSMC operating the facility, and Intel will remain involved. That reduces the near-term certainty of any potential Musk-related revenue opportunity.

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 largest dedicated semiconductor foundry. Founded in 1987 by Morris Chang, the company pioneered the pure-play foundry model, producing chips designed by other companies rather than selling products under its own semiconductor brand.

TSMC manufactures a broad range of integrated circuits, including advanced logic chips used in high-performance computing, smartphones, automotive systems, communications equipment, and consumer electronics.

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