66,389 Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Bought by Fisher Asset Management LLC

Key Points

• Fisher Asset Management increased its TSMC stake by 66,389 shares, or 0.4%, to 18.93 million shares. TSMC represents about 2.5% of its portfolio and was its ninth-largest holding.
• Other institutional investors also added shares, and company insiders bought 7,869 shares worth about $824,000 over the past 90 days. Hedge funds and institutions owned 16.51% of the stock.
• TSMC beat quarterly earnings and revenue 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.

Fisher Asset Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,932,587 shares of the semiconductor company's stock after purchasing an additional 66,389 shares during the period. Taiwan Semiconductor Manufacturing comprises about 2.5% of Fisher Asset Management LLC's portfolio, making the stock its 9th largest holding. Fisher Asset Management LLC owned 0.37% of Taiwan Semiconductor Manufacturing worth $8,636,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Private Advisory Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 5.7% during the 3rd quarter. Private Advisory Group LLC now owns 64,417 shares of the semiconductor company's stock worth $29,386,000 after purchasing an additional 3,496 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 12.5% during the third 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 during the last quarter. Everest Financial Group LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.9% in the third quarter. Everest Financial Group LLC now owns 63,827 shares of the semiconductor company's stock valued at $29,117,000 after acquiring an additional 1,165 shares in the last quarter. Werba Rubin Papier Wealth Management lifted its position in shares of Taiwan Semiconductor Manufacturing by 12.4% in the third quarter. Werba Rubin Papier Wealth Management now owns 2,383 shares of the semiconductor company's stock valued at $1,087,000 after acquiring an additional 262 shares in the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lifted its position in shares of Taiwan Semiconductor Manufacturing by 63.0% in the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 450 shares of the semiconductor company's stock valued at $205,000 after acquiring an additional 174 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan acquired 1,000 shares of the firm's stock in a transaction that occurred on Sunday, November 1st. The shares were purchased at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the completion of the acquisition, the vice president owned 8,000 shares of the company's stock, valued at approximately $571,920. The trade was a 14.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Splinter acquired 840 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was acquired 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 directly owned 8,405 shares of the company's stock, valued at $3,000,585. This trade represents a 11.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 7,869 shares of company stock worth $823,771 over the last ninety days. 1.11% of the stock is owned by insiders.

Trending Headlines about Taiwan Semiconductor Manufacturing

Here are a few of the latest headlines about TSM:

• Positive Sentiment: TSMC’s board approved investments of up to $500 million each in OpenAI and Anthropic, broadening its exposure to AI beyond chip manufacturing. The strategic move may reinforce ties with major AI customers, though its financial payoff is uncertain. TSMC Approves Up to $1 Billion Investment Plan in Anthropic and OpenAI
• Neutral Sentiment: ETFs were net sellers of TSMC shares on Nov. 10, a potential near-term headwind for trading, but one day of fund flows does not establish a longer-term trend. ETFs Are Net Sellers of Taiwan Semiconductor
• Negative Sentiment: A reported breach exposed personal data belonging to some current and former employees, with hackers reportedly seeking ransom in bitcoin. The incident raises reputational and cybersecurity concerns, though the articles do not indicate disruption to chip production. TSMC Stock Dips After Hackers Ransom Employee Data

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TSM shares. 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. Susquehanna upped their target price 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. Sanford C. Bernstein increased their target price on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the company an "outperform" rating in a research report on Wednesday, November 4th. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Stifel Nicolaus began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They set a "buy" rating and a $515.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $533.89.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $405.85 on Friday. The stock's fifty day moving average is $430.47 and its two-hundred day moving average is $402.19. The firm has a market capitalization of $2.10 trillion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 0.82 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. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued 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 business had revenue of $46.72 billion during the quarter, compared to the consensus estimate of $45.67 billion. During the same period last year, the company earned $2.92 EPS. The company's revenue for the quarter was up 41.2% on a year-over-year basis. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 8th. Investors of record on Thursday, March 11th will be issued a $1.3663 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.0854. This represents a $5.47 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, March 11th. Taiwan Semiconductor Manufacturing's payout ratio is currently 22.27%.

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.

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