2,323 Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Bought by Summit Wealth Group LLC Co.

Key Points

• Summit Wealth Group increased its TSMC stake by 54.1% in the third quarter, purchasing 2,323 additional shares and bringing its holdings to 6,619 shares valued at approximately $3.02 million.
• Analysts maintain a bullish outlook, with TSMC receiving a consensus “Buy” rating and an average price target of $528.78; several firms recently raised their targets.
• TSMC exceeded quarterly expectations with $4.60 in EPS and $46.72 billion in revenue, up 41.2% year over year, while announcing a slightly reduced quarterly dividend of $1.0854 per share.

Summit Wealth Group LLC Co. lifted its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 54.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,619 shares of the semiconductor company's stock after purchasing an additional 2,323 shares during the period. Summit Wealth Group LLC Co.'s holdings in Taiwan Semiconductor Manufacturing were worth $3,020,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. One Way Holdings LLC lifted its stake in Taiwan Semiconductor Manufacturing by 39.7% in the 3rd quarter. One Way Holdings LLC now owns 1,792 shares of the semiconductor company's stock valued at $817,000 after buying an additional 509 shares in the last quarter. Woodmont Investment Counsel LLC boosted its stake in Taiwan Semiconductor Manufacturing by 17.1% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 931 shares of the semiconductor company's stock worth $425,000 after buying an additional 136 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Taiwan Semiconductor Manufacturing by 25.1% in the third 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 during the period. DecisionMap Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 15.0% during the 3rd quarter. DecisionMap Wealth Management LLC now owns 620 shares of the semiconductor company's stock worth $283,000 after buying an additional 81 shares during the last quarter. Finally, Bell Investment Advisors Inc increased its stake in Taiwan Semiconductor Manufacturing by 36.1% during the third quarter. Bell Investment Advisors Inc now owns 558 shares of the semiconductor company's stock worth $255,000 after acquiring an additional 148 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an "overweight" rating in a research note on Friday, October 16th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 7th. Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a "positive" rating in a research report on Thursday, July 16th. DA Davidson reaffirmed a "buy" rating and issued a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 16th. Finally, TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a "hold" rating in a report on Friday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $528.78.

Insiders Place Their Bets

In related news, VP Lipen Yuan purchased 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average price 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 trade represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders bought 6,043 shares of company stock valued at $457,926. Company insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $398.71 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. The stock has a market cap of $2.07 trillion, a price-to-earnings ratio of 25.66, a PEG ratio of 0.89 and a beta of 1.37. The stock's 50 day moving average price is $434.60 and its 200 day moving average price is $399.83. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $266.82 and a 12 month high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released 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 return on equity of 42.84% and a net margin of 51.51%. The firm had revenue of $46.72 billion for the quarter, compared to analyst estimates of $45.67 billion. During the same period in the previous year, the company earned $2.92 earnings per share. Taiwan Semiconductor Manufacturing's revenue was up 41.2% compared to the same quarter last year. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be issued a $1.0854 dividend. This represents a $4.34 dividend on an annualized basis and a dividend yield of 1.1%. 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 payout ratio is presently 22.27%.

Taiwan Semiconductor Manufacturing News Roundup

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

• Positive Sentiment: Strong demand for advanced chips and AI infrastructure continues to support TSMC’s outlook. Recent coverage highlights a 33.2% one-year gain, advanced technology leadership, global manufacturing expansion and third-quarter revenue growth of 41.2%. TSM Soars 33% in the Past Year: Is It a Solid Investment Proposition?
• Positive Sentiment: Analysts’ average price target of $528.78 implies further upside from the reported trading level, reinforcing the bullish view based on TSMC’s earnings power and AI exposure. Taiwan Semiconductor Manufacturing Company Ltd. Stock Has Average Price Target of $528.78 According to Analysts
• Positive Sentiment: TSMC could gain a larger role in Elon Musk’s proposed Terafab venture if Musk softens his reported demand for control, potentially creating an additional strategic opportunity for the chipmaker. Musk may soften Terafab control stance in fresh TSMC talks
• Neutral Sentiment: Investors are also assessing TSMC’s continued investment in Taiwan and its expanding overseas manufacturing footprint, which may strengthen supply-chain resilience but require substantial capital spending. What’s Going on With Taiwan Semiconductor Stock on Monday?
• Negative Sentiment: Eight ETFs sold a net $81 million of TSMC shares, adding near-term supply and potentially weighing on the stock despite its strong long-term fundamentals. 8 ETFs Cut Taiwan Semiconductor Holdings

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a dedicated semiconductor foundry headquartered in Hsinchu, Taiwan. The company manufactures integrated circuits for customers that design their own chips, allowing semiconductor, electronics, and technology companies to outsource production rather than operate their own fabrication facilities.

TSMC provides wafer fabrication services across a broad range of process technologies, including advanced nodes used in high-performance computing, smartphones, automotive systems, and artificial intelligence applications.

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