88,368 Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Phoenix Financial Ltd.

Key Points

• Phoenix Financial cut its TSMC position by 7.6%, selling 88,368 shares in the third quarter; it retained 1,069,267 shares valued at about $485 million.
• TSMC reported quarterly earnings of $4.60 per share, beating estimates of $4.45, while revenue rose 41.2% year over year to $46.72 billion.
• TSMC raised its quarterly dividend from $1.0854 to $1.3663 per share. Analysts’ consensus rating was “Buy,” with an average price target of $533.89.

Phoenix Financial Ltd. decreased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,069,267 shares of the semiconductor company's stock after selling 88,368 shares during the period. Taiwan Semiconductor Manufacturing comprises 3.2% of Phoenix Financial Ltd.'s holdings, making the stock its 6th largest holding. Phoenix Financial Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $485,041,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Fiduciary Advisors Inc. raised its position in Taiwan Semiconductor Manufacturing by 200.0% during the third quarter. Fiduciary Advisors Inc. now owns 60 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 88.2% during the second quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 30 shares during the last quarter. Markowski Investments acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $33,000. Heritage Family Offices LLP acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $37,000. Finally, Curry Webb Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

Here are a few of the latest headlines about TSM:

• 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
• 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

Insider Buying and Selling at Taiwan Semiconductor Manufacturing

In other news, VP Lipen Yuan acquired 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction that occurred on Sunday, November 1st. The shares were acquired at an average price of $71.49 per share, for a total transaction of $71,490.00. Following the transaction, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael R. Splinter acquired 840 shares of Taiwan Semiconductor Manufacturing stock in a transaction that occurred on Thursday, November 5th. The shares were purchased at an average price of $357.00 per share, for a total transaction of $299,880.00. Following the transaction, the director directly owned 8,405 shares in the company, valued at $3,000,585. The trade was a 11.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 7,869 shares of company stock worth $823,771. 1.11% of the stock is currently owned by company insiders.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded down $5.99 on Friday, hitting $399.50. The company had a trading volume of 10,704,547 shares, compared to its average volume of 14,768,286. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $266.82 and a 52 week high of $487.47. The company has a current ratio of 2.46, a quick ratio of 2.25 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 PEG ratio of 0.81 and a beta of 1.44. The firm has a 50 day moving average of $430.12 and a two-hundred day moving average of $402.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results 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 firm 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 was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.92 earnings per share. 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 dividend of $1.3663 per share. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.0854. The ex-dividend date of this dividend is Thursday, March 11th. This represents a $5.47 annualized dividend and a dividend yield of 1.4%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 22.07%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They issued a "buy" rating and a $515.00 price target on the stock. Weiss Ratings downgraded Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a research report on Wednesday, November 4th. Needham & Company LLC raised their price objective 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. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an "overweight" rating in a research note on Friday, October 16th. Finally, Wall Street Zen cut Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $533.89.

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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