Axxcess Wealth Management LLC Grows Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Axxcess Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 14.2%, now holding 23,038 shares valued at approximately $5.2 million.
• The company reported $2.47 earnings per share for the last quarter, exceeding analysts' expectations, along with a revenue of $30.07 billion, a 44.4% year-over-year increase.
• Taiwan Semiconductor Manufacturing is set to pay a quarterly dividend of $0.8348 per share starting January 8, up from its previous dividend of $0.65, representing an annualized yield of 1.1%.

Axxcess Wealth Management LLC grew its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,038 shares of the semiconductor company's stock after purchasing an additional 2,865 shares during the period. Axxcess Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $5,195,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TSM. 1248 Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $28,000. Graybill Wealth Management LTD. purchased a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $33,000. Vision Financial Markets LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $33,000. Keener Financial Planning LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $39,000. Finally, Hemington Wealth Management boosted its position in Taiwan Semiconductor Manufacturing by 78.2% in the 1st quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 2.4%

Shares of TSM stock opened at $295.62 on Wednesday. The stock's fifty day moving average is $258.46 and its two-hundred day moving average is $219.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37. The firm has a market capitalization of $1.53 trillion, a P/E ratio of 33.71, a PEG ratio of 1.45 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $307.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. The company had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The firm's revenue for the quarter was up 44.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 EPS. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. Research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be issued a $0.8348 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, December 11th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing's payout ratio is 29.65%.

Analysts Set New Price Targets

TSM has been the topic of a number of research analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 8th. Needham & Company LLC reissued a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a "positive" rating in a research note on Friday. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, October 9th. Finally, Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $333.33.

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.

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