Brookstone Capital Management Buys 1,748 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Brookstone Capital Management increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM) by 20.7%, acquiring an additional 1,748 shares, bringing its total holdings to 10,185 shares valued at approximately $2.3 million.
• TSM recently reported earnings with $2.92 EPS for the quarter, which surpassed the consensus estimate by $0.33, marking a 40.1% year-over-year revenue increase.
• The company is set to pay an increased quarterly dividend of $0.8348 on January 8th, 2024, up from its previous quarterly dividend of $0.65, reflecting a dividend yield of 1.1%.

Brookstone Capital Management increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 20.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,185 shares of the semiconductor company's stock after acquiring an additional 1,748 shares during the quarter. Brookstone Capital Management's holdings in Taiwan Semiconductor Manufacturing were worth $2,307,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TSM. 1248 Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $28,000. Graybill Wealth Management LTD. bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $33,000. Vision Financial Markets LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $33,000. Mid American Wealth Advisory Group Inc. bought a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $33,000. Finally, Keener Financial Planning LLC bought a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $39,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $295.22 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $311.37. The firm has a market cap of $1.53 trillion, a P/E ratio of 30.28, a P/E/G ratio of 0.98 and a beta of 1.28. The company's 50-day moving average price is $267.36 and its two-hundred day moving average price is $226.51.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 36.06%. The firm had revenue of $32.36 billion for the quarter, compared to analyst estimates of $951.89 billion. During the same period last year, the firm earned $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, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share 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. Stockholders of record on Thursday, December 11th will be paid a $0.8348 dividend. This represents a $3.34 dividend on an annualized basis and a dividend 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 dividend payout ratio is 26.97%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TSM shares. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, October 17th. Weiss Ratings raised shares of Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 18th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $371.67.

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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