2,095 Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Galvin Gaustad & Stein LLC

Key Points

• Galvin Gaustad & Stein LLC reduced its TSMC position by 5.1%, selling 2,095 shares and retaining 39,255 shares valued at approximately $17.9 million.
• Institutional ownership stands at 16.51%, while analyst sentiment remains positive: TSMC has an average “Buy” rating and a consensus price target of $524.89.
• TSMC reported strong AI-driven growth, including third-quarter revenue of about $46.7 billion, up roughly 50% year over year. Shares were recently trading near $457.94, while the company announced a reduced quarterly dividend of $1.0854 per share.

Galvin Gaustad & Stein LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,255 shares of the semiconductor company's stock after selling 2,095 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.4% of Galvin Gaustad & Stein LLC's investment portfolio, making the stock its 23rd largest position. Galvin Gaustad & Stein LLC's holdings in Taiwan Semiconductor Manufacturing were worth $17,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tiger Global Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 49.4% in the 1st 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 during the period. T. Rowe Price Investment Management Inc. boosted 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 purchasing an additional 1,313,917 shares during the period. Corient Private Wealth LLC boosted its position in Taiwan Semiconductor Manufacturing by 330.0% during the fourth quarter. Corient Private Wealth LLC now owns 1,583,175 shares of the semiconductor company's stock worth $481,111,000 after purchasing an additional 1,215,035 shares during the period. Fundsmith LLP acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $548,465,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $490,461,000. Institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

TSM has been the subject of a number of research reports. Bank of America raised their target price on shares of Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Zacks Research upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. TD Cowen raised 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 report on Friday, July 17th. Finally, Weiss Ratings cut Taiwan Semiconductor Manufacturing from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Buy" and an average target price of $524.89.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

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.

Insider Transactions at Taiwan Semiconductor Manufacturing

In related news, VP Lipen Yuan acquired 1,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were purchased at an average price of $74.50 per share, for a total transaction of $74,500.00. Following the purchase, the vice president directly owned 6,000 shares in the company, valued at approximately $447,000. The trade was a 20.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Bor-Zen Tien acquired 3,000 shares of the company's stock in a transaction on Tuesday, July 21st. The stock was bought at an average cost of $74.39 per share, with a total value of $223,170.00. Following the completion of the acquisition, the vice president directly owned 4,000 shares in the company, valued at approximately $297,560. This represents a 300.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 16,043 shares of company stock valued at $1,185,746. 1.11% of the stock is currently owned by company insiders.

Taiwan Semiconductor Manufacturing Trading Down 3.0%

Shares of Taiwan Semiconductor Manufacturing stock opened at $457.94 on Friday. The firm has a 50-day moving average of $432.16 and a 200-day moving average of $413.53. The stock has a market cap of $2.38 trillion, a PE ratio of 33.04, a PEG ratio of 1.05 and a beta of 1.37. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $266.82 and a 52-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 released 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 business had revenue of $39.89 billion for the quarter. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.56 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Thursday, December 10th will be issued 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 dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 10th. Taiwan Semiconductor Manufacturing's payout ratio is 24.75%.

Taiwan Semiconductor Manufacturing Company Profile

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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