Benchstone Capital Management LP Raises Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Benchstone Capital Management LP increased its stake in Taiwan Semiconductor Manufacturing Company by 82%, now holding 251,174 shares valued at approximately $41.7 million.
• The company recently reported earnings per share of $2.47, exceeding analysts' estimates and showing significant revenue growth of 44.4% year-over-year.
• Taiwan Semiconductor Manufacturing announced an increase in its quarterly dividend to $0.8348 per share, with a scheduled payment on January 8th.

Benchstone Capital Management LP raised its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 82.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 251,174 shares of the semiconductor company's stock after acquiring an additional 113,137 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 4.4% of Benchstone Capital Management LP's holdings, making the stock its 5th largest position. Benchstone Capital Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $41,695,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Heartland Consultants Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock worth $244,000 after purchasing an additional 50 shares in the last quarter. Formidable Asset Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after buying an additional 50 shares in the last quarter. Connecticut Wealth Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock worth $1,465,000 after buying an additional 55 shares during the last quarter. Brown Shipley& Co Ltd boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 1st quarter. Brown Shipley& Co Ltd now owns 3,926 shares of the semiconductor company's stock worth $652,000 after acquiring an additional 55 shares in the last quarter. Finally, WealthPlan Investment Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% during the 1st quarter. WealthPlan Investment Management LLC now owns 1,847 shares of the semiconductor company's stock valued at $307,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 3.0%

TSM opened at $231.01 on Friday. The business has a 50 day moving average of $234.90 and a 200-day moving average of $199.78. The stock has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.10 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. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $28.50 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. Taiwan Semiconductor Manufacturing's revenue was up 44.4% compared to the same quarter last year. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be given a dividend of $0.8348 per share. This is an increase 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 1.4%. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 28.16%.

Analyst Upgrades and Downgrades

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

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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