Ascent Group LLC Purchases 8,892 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Ascent Group LLC significantly increased its investment in Taiwan Semiconductor Manufacturing Company Ltd. by acquiring an additional 8,892 shares, raising its holdings by 172.8% and valuing its stake at $2,331,000.
• Research analysts maintain a generally positive outlook for TSM shares, with price targets being revised upwards by firms like Susquehanna and Barclays, indicating confidence in the company's growth potential.
• In its latest quarterly earnings report, Taiwan Semiconductor reported a 44.4% increase in revenue year-over-year, surpassing analyst estimates, with an EPS of $2.47 compared to the expected $2.13.

Ascent Group LLC lifted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 172.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,039 shares of the semiconductor company's stock after acquiring an additional 8,892 shares during the period. Ascent Group LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after purchasing an additional 1,892 shares in the last quarter. Hhlr Advisors LTD. boosted its position in shares of Taiwan Semiconductor Manufacturing by 119.6% during the 4th quarter. Hhlr Advisors LTD. now owns 42,588 shares of the semiconductor company's stock worth $8,411,000 after purchasing an additional 23,193 shares in the last quarter. AdvisorShares Investments LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $556,000. Soros Fund Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $7,933,000. Finally, WealthCollab LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 6.7% during the 4th quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock worth $176,000 after purchasing an additional 56 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 0.4%

NYSE TSM traded down $0.87 during trading hours on Thursday, hitting $238.42. The company's stock had a trading volume of 8,451,189 shares, compared to its average volume of 10,459,810. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $248.28. The company has a market capitalization of $1.24 trillion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.14 and a beta of 1.19. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. The company's 50-day simple moving average is $234.47 and its two-hundred day simple moving average is $199.68.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly 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. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 33.37%. The business had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. During the same quarter last year, the firm earned $1.48 EPS. The firm's revenue for the quarter was up 44.4% compared to the same quarter last year. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. Research analysts anticipate 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 dividend of $0.8348 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.34 annualized dividend and a dividend yield of 1.4%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing's payout ratio is 28.16%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TSM shares. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. 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. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Finally, Barclays reaffirmed an "overweight" rating and issued a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $258.33.

About Taiwan Semiconductor Manufacturing

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.