Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Bought by Appaloosa LP

Key Points

• Appaloosa LP increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 8.0%, now holding 270,000 shares valued at approximately $44.8 million.
• The company reported $2.47 EPS for the last quarter, exceeding analysts' estimates, with revenue of $30.07 billion, marking a 44.4% increase year-over-year.
• Taiwan Semiconductor has announced an increase in its quarterly dividend to $0.8348 per share, representing a dividend yield of 1.5%.

Appaloosa LP raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 8.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 270,000 shares of the semiconductor company's stock after purchasing an additional 20,000 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 0.5% of Appaloosa LP's portfolio, making the stock its 24th biggest holding. Appaloosa LP's holdings in Taiwan Semiconductor Manufacturing were worth $44,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSM. City Holding Co. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 238.0% during the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 119 shares during the period. Signature Resources Capital Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 138.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 111 shares during the period. Graybill Wealth Management LTD. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $33,000. Vision Financial Markets LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $33,000. Finally, Keener Financial Planning LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $39,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on TSM shares. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays reissued an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC reissued a "buy" rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Finally, Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Trading Up 3.3%

Shares of NYSE:TSM traded up $7.81 during midday trading on Friday, reaching $243.02. 14,039,042 shares of the company's stock were exchanged, compared to its average volume of 9,404,776. The firm's 50 day simple moving average is $236.17 and its two-hundred day simple moving average is $200.87. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15. The stock has a market cap of $1.26 trillion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 1.12 and a beta of 1.23. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.34. The company had revenue of $30.07 billion during the quarter, compared to the consensus estimate of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.Taiwan Semiconductor Manufacturing's revenue was up 44.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 EPS. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be given a $0.8348 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.34 annualized dividend and a yield of 1.4%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 28.16%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.