Baskin Financial Services Inc. Takes Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Baskin Financial Services Inc. has acquired a new stake in Taiwan Semiconductor Manufacturing Company, purchasing 127,662 shares valued at approximately $28.9 million.
• Taiwan Semiconductor reported a quarterly EPS of $2.47, exceeding estimates, with a revenue of $30.07 billion, marking a 44.4% increase year-over-year.
• The company announced an increase in its quarterly dividend to $0.8348, reflecting a 1.1% dividend yield and a payout ratio of 29.99%.

Baskin Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 127,662 shares of the semiconductor company's stock, valued at approximately $28,914,000. Taiwan Semiconductor Manufacturing accounts for approximately 2.2% of Baskin Financial Services Inc.'s portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 1248 Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at $28,000. Signature Resources Capital Management LLC grew its position in Taiwan Semiconductor Manufacturing by 138.8% in the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after buying an additional 111 shares in the last quarter. Graybill Wealth Management LTD. bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $33,000. Vision Financial Markets LLC bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $33,000. Finally, Keener Financial Planning LLC bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 1.5%

Shares of Taiwan Semiconductor Manufacturing stock opened at $299.90 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $307.30. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.56 trillion, a P/E ratio of 34.20, a PEG ratio of 1.45 and a beta of 1.28. The stock has a 50 day moving average price of $255.00 and a two-hundred day moving average price of $216.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data 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 return on equity of 33.37% and a net margin of 42.91%.The company had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. During the same period in the prior year, the business earned $1.48 earnings per share. Taiwan Semiconductor Manufacturing'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. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be paid a $0.8348 dividend. The ex-dividend date is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 29.99%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TSM. Itau BBA Securities began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday. They issued an "outperform" rating for the company. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a report on Monday, July 14th. Finally, 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. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus price target of $288.33.

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.

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