525,566 Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group increased its TSMC stake by 449.6% in the third quarter, buying 525,566 shares to hold 642,465 shares valued at about $293.1 million.
• TSMC beat quarterly earnings and revenue estimates, reporting EPS of $4.60 and revenue of $46.72 billion; revenue rose 41.2% year over year.
• The company raised its quarterly dividend to $1.3663 per share, while analysts surveyed had an overall “Buy” consensus and an average target price of $533.89.

Aberdeen Group plc grew its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 449.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 642,465 shares of the semiconductor company's stock after acquiring an additional 525,566 shares during the quarter. Aberdeen Group plc's holdings in Taiwan Semiconductor Manufacturing were worth $293,086,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Tiger Global Management LLC raised its stake in shares of 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. Fundsmith LLP purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $548,465,000. Assenagon Asset Management S.A. purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $490,461,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $444,923,000. Finally, Russell Investments Group Ltd. increased its holdings 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 purchasing an additional 451,966 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Taiwan Semiconductor Manufacturing

In related news, Director Michael R. Splinter purchased 840 shares of the company's stock in a transaction on Thursday, November 5th. The shares were bought at an average cost of $357.00 per share, for a total transaction of $299,880.00. Following the transaction, the director owned 8,405 shares of the company's stock, valued at $3,000,585. This represents a 11.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, VP Lipen Yuan acquired 1,000 shares of the firm's stock in a transaction dated Sunday, November 1st. The stock was bought at an average price of $71.49 per share, with a total value of $71,490.00. Following the completion of the acquisition, the vice president directly owned 8,000 shares of the company's stock, valued at approximately $571,920. This represents a 14.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 7,869 shares of company stock worth $823,771 over the last 90 days. 1.11% of the stock is owned by insiders.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $399.50 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47. The firm has a market cap 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. 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 company's 50-day moving average price is $430.12 and its 200 day moving average price is $402.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share for the quarter, topping analysts' consensus estimates of $4.45 by $0.15. The business had revenue of $46.72 billion for the quarter, compared to analysts' expectations of $45.67 billion. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The company's revenue for the quarter was up 41.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.92 EPS. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced 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 represents a $5.47 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, March 11th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.0854. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 22.27%.

Wall Street Analyst Weigh In

Several research analysts have commented on TSM shares. DA Davidson reissued a "buy" rating and issued a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 16th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an "overweight" rating in a research report on Friday, October 16th. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the company a "buy" rating in a research note on Thursday, October 15th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. Finally, Weiss Ratings lowered Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a research report on Wednesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Buy" and a consensus target price of $533.89.

Trending Headlines about Taiwan Semiconductor Manufacturing

Here are a few of the latest headlines about TSM:

• 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
• Negative Sentiment: TSMC confirmed that current and former employees’ personal data was exposed through a cloud provider. Reports say hackers are demanding 3 bitcoin over about 46,000 records, raising cybersecurity and reputational concerns. Article: TSMC Confirms Employee Data Leak Through Cloud Provider

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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