ARGA Investment Management LP Sells 7,311 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• ARGA Investment Management LP sold 7,311 shares of Taiwan Semiconductor Manufacturing Company Ltd. in Q2, reducing its holdings by 1.1% to 668,186 shares, which represent about 4.1% of its portfolio.
• Recent analyst upgrades have increased the company's price target, with Needham & Company raising it from $270.00 to $360.00 and several analysts rating it a "buy" or "strong-buy."
• Taiwan Semiconductor recently declared an increase in its quarterly dividend to $0.8348 per share, reflecting the company's strong financial performance, including a 40.1% year-over-year revenue growth in Q3.

ARGA Investment Management LP trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 668,186 shares of the semiconductor company's stock after selling 7,311 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 4.1% of ARGA Investment Management LP's portfolio, making the stock its 8th biggest position. ARGA Investment Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $151,337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its position in shares of Taiwan Semiconductor Manufacturing by 0.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock valued at $214,442,000 after acquiring an additional 11,693 shares during the last quarter. Powers Advisory Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $240,000. Hudson Edge Investment Partners Inc. raised its position in Taiwan Semiconductor Manufacturing by 10.1% in the second quarter. Hudson Edge Investment Partners Inc. now owns 236,503 shares of the semiconductor company's stock valued at $53,566,000 after purchasing an additional 21,648 shares during the period. Quantbot Technologies LP raised its position in Taiwan Semiconductor Manufacturing by 452.2% in the first quarter. Quantbot Technologies LP now owns 47,425 shares of the semiconductor company's stock valued at $7,873,000 after purchasing an additional 38,837 shares during the period. Finally, RFG Holdings Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 66.1% during the second quarter. RFG Holdings Inc. now owns 3,898 shares of the semiconductor company's stock worth $883,000 after purchasing an additional 1,551 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC lifted their price objective on Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, October 16th. Itau BBA Securities initiated coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an "outperform" rating for the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 8th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Finally, Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 18th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus price target of $371.67.

Taiwan Semiconductor Manufacturing Stock Up 0.7%

Taiwan Semiconductor Manufacturing stock opened at $291.02 on Friday. The stock has a market cap of $1.51 trillion, a PE ratio of 29.85, a P/E/G ratio of 0.97 and a beta of 1.28. 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's fifty day moving average is $266.23 and its two-hundred day moving average is $225.45. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $311.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a return on equity of 36.06% and a net margin of 43.72%.The business had revenue of $32.36 billion during the quarter, compared to analysts' expectations of $951.89 billion. During the same period in the prior year, the firm posted $1.94 EPS. The business's quarterly revenue was up 40.1% compared to the same quarter last year. Taiwan Semiconductor Manufacturing has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be paid a $0.8348 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. This represents a $3.34 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, December 11th. Taiwan Semiconductor Manufacturing's payout ratio is currently 26.67%.

Taiwan Semiconductor Manufacturing 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.

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