2,136 Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Acquired by Beverly Hills Private Wealth LLC

Key Points

• Beverly Hills Private Wealth LLC increased its TSMC stake by 9%, acquiring 2,136 shares in the third quarter to hold 25,815 shares valued at about $11.8 million.
• TSMC beat quarterly estimates, reporting EPS of $4.60 versus $4.45 expected and revenue of $46.72 billion, up 41.2% year over year.
• Analysts maintain a broadly positive outlook: the stock has a consensus “Buy” rating and a $533.89 average price target, while TSMC’s latest quarterly dividend was reduced to $1.0854 per share.

Beverly Hills Private Wealth LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 9.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 25,815 shares of the semiconductor company's stock after acquiring an additional 2,136 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 1.8% of Beverly Hills Private Wealth LLC's investment portfolio, making the stock its 12th largest holding. Beverly Hills Private Wealth LLC's holdings in Taiwan Semiconductor Manufacturing were worth $11,776,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Tiger Global Management LLC boosted 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 worth $1,880,717,000 after purchasing an additional 1,839,600 shares in the last quarter. Sei Investments Co. grew its position in Taiwan Semiconductor Manufacturing by 11.8% during the 1st 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 during the last quarter. Assenagon Asset Management S.A. grew its position in Taiwan Semiconductor Manufacturing by 67.2% during the 3rd 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 during the last quarter. Bessemer Group Inc. grew its position in Taiwan Semiconductor Manufacturing by 7.9% during the 1st 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 during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in Taiwan Semiconductor Manufacturing by 25.1% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,210,323 shares of the semiconductor company's stock valued at $552,116,000 after purchasing an additional 242,640 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing

In related news, VP Lipen Yuan purchased 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average cost of $74.50 per share, with a total value of $74,500.00. Following the purchase, the vice president owned 6,000 shares of the company's stock, valued at $447,000. This represents a 20.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have bought 5,428 shares of company stock worth $411,021. 1.11% of the stock is owned by corporate insiders.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Taiwan tightened short-selling rules and prepared a reported $15 billion fund to support its markets, helping lift TSMC shares in premarket trading after the regional chip rout. Benzinga article
• Positive Sentiment: Nvidia reportedly wants TSMC to make advanced memory chips. If TSMC pursues the opportunity, it could broaden its role in AI hardware and deepen ties with a major customer; the report describes a possibility, not a confirmed project. TipRanks article
• Positive Sentiment: Sanford C. Bernstein raised its price target to $600 from $554 and reiterated an “outperform” rating, signaling confidence in TSMC’s prospects despite the recent sector weakness. MarketBeat analyst update
• Neutral Sentiment: TSMC’s position as a leading manufacturer for Nvidia, AMD and other chip designers supports exposure to AI demand across competing customers. Some coverage also argues the shares trade below their usual valuation range, though that does not ensure a near-term recovery. The Motley Fool article
• Negative Sentiment: The rebound follows a steep regional chip-stock selloff amid worries about AI valuations, spending expectations and growth. That market-wide pressure could keep TSM volatile even as its manufacturing business benefits from AI demand. 24/7 Wall St. article

Taiwan Semiconductor Manufacturing Stock Down 0.1%

TSM stock opened at $375.15 on Monday. The firm has a market cap of $1.95 trillion, a PE ratio of 24.14, a P/E/G ratio of 0.76 and a beta of 1.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. The firm's fifty day moving average is $431.68 and its 200 day moving average is $400.77. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $266.82 and a one year high of $487.47.

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, topping analysts' consensus estimates of $4.45 by $0.15. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The company had revenue of $46.72 billion for the quarter, compared to the consensus estimate of $45.67 billion. During the same quarter in the prior year, the business posted $2.92 earnings per share. Taiwan Semiconductor Manufacturing's revenue for the quarter was up 41.2% on a year-over-year basis. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 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. This is a drop from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. The ex-dividend date is Thursday, December 10th. This represents a $4.34 annualized dividend and a dividend yield of 1.2%. Taiwan Semiconductor Manufacturing's payout ratio is currently 22.27%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TSM shares. Susquehanna raised their price target on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a "positive" rating in a report on Thursday, July 16th. Weiss Ratings downgraded shares of Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a research note on Wednesday. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. Zacks Research raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Finally, Sanford C. Bernstein upped their target price on Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the company an "outperform" rating in a research report on Wednesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $533.89.

Taiwan Semiconductor Manufacturing Company 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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