2,261 Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Purchased by Allworth Financial LP

Key Points

• Allworth Financial increased its TSM position by 6% in the third quarter, buying 2,261 shares to reach 39,769 shares valued at about $18.99 million.
• Several other institutional investors also expanded their holdings, and institutional investors and hedge funds collectively owned 16.51% of TSM stock.
• TSMC reported quarterly earnings and revenue above analyst estimates, with revenue up 41.2% year over year, and raised its quarterly dividend to $1.3663 per share. Analysts’ consensus rating was “Buy,” with an average price target of $533.89.

Allworth Financial LP grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,769 shares of the semiconductor company's stock after purchasing an additional 2,261 shares during the period. Allworth Financial LP's holdings in Taiwan Semiconductor Manufacturing were worth $18,993,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.4% during the third quarter. Fisher Asset Management LLC now owns 18,932,587 shares of the semiconductor company's stock worth $8,636,858,000 after buying an additional 66,389 shares in the last quarter. Tiger Global Management LLC lifted 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 in the last quarter. Russell Investments Group Ltd. lifted its stake in Taiwan Semiconductor Manufacturing by 12.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,057,858 shares of the semiconductor company's stock valued at $1,851,187,000 after acquiring an additional 451,966 shares in the last quarter. Sei Investments Co. boosted 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 acquiring an additional 274,389 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted 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 acquiring an additional 690,523 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing News Summary

Investors following TSM have been watching these news items:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year. The strong growth points to continued demand for AI chips and supports expectations that the company’s capacity investments can sustain expansion. Article: TSMC Just Booked a Record NT$587 Billion Month
• Positive Sentiment: The company announced an approximately 41% year-over-year increase in its quarterly dividend to about $1.37 per ADS, a positive signal for shareholder returns, though the higher payout is not expected to be reflected immediately in distributions. TSMC dividend information
• Neutral Sentiment: NVIDIA’s leadership shake-up is adding uncertainty across chip stocks. TSMC may benefit from serving multiple chip designers, but tighter export controls could create broader industry headwinds. NVIDIA’s November 17 earnings report is a near-term test of AI-chip demand. Article: Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board

Analysts Set New Price Targets

TSM has been the subject of several research reports. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Sanford C. Bernstein increased their target price on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an "outperform" rating in a report on Wednesday, November 4th. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a "hold" rating in a research report on Friday, July 17th. DA Davidson restated a "buy" rating and issued a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 16th. Finally, Barclays lifted 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. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Buy" and a consensus price target of $533.89.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $399.50 on Friday. 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 stock has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $266.82 and a twelve month high of $487.47. The company has a 50-day simple moving average of $430.12 and a two-hundred day simple moving average of $402.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its 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 net margin of 51.51% and a return on equity of 42.84%. The firm had revenue of $46.72 billion for the quarter, compared to analyst estimates of $45.67 billion. During the same quarter in the prior year, the business posted $2.92 EPS. The business's revenue was up 41.2% compared to the same quarter last year. Analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 8th. Shareholders of record on Thursday, March 11th will be paid a dividend of $1.3663 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.0854. The ex-dividend date is Thursday, March 11th. This represents a $5.47 dividend on an annualized basis and a yield of 1.4%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 22.27%.

Insiders Place Their Bets

In related news, VP Lipen Yuan acquired 1,000 shares of the company's stock in a transaction 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 acquisition, the vice president directly owned 8,000 shares of the company's stock, valued at approximately $571,920. The trade was a 14.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael R. Splinter bought 840 shares of the business's stock in a transaction dated Thursday, November 5th. The shares were bought at an average price of $357.00 per share, with a total value of $299,880.00. Following the completion of the transaction, the director owned 8,405 shares in the company, valued at approximately $3,000,585. This trade represents a 11.10% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 7,869 shares of company stock worth $823,771. Corporate insiders own 1.11% of the company's stock.

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.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.