Canoe Financial LP Reduces Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Canoe Financial LP reduced its stake in Taiwan Semiconductor Manufacturing Company (NYSE:TSM) by 7.3%, holding 1,511,573 shares worth approximately $342.4 million, making it their largest investment position.
• The company recently reported strong earnings, with $2.47 earnings per share for the quarter, exceeding analysts' expectations, and a 44.4% revenue increase year-over-year.
• Taiwan Semiconductor Manufacturing declared a quarterly dividend of $0.8348, up from the previous $0.65, reflecting a positive trend in its dividend payout ratio of 29.42%.

Canoe Financial LP lowered its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,511,573 shares of the semiconductor company's stock after selling 119,239 shares during the period. Taiwan Semiconductor Manufacturing comprises 4.9% of Canoe Financial LP's holdings, making the stock its biggest holding. Canoe Financial LP's holdings in Taiwan Semiconductor Manufacturing were worth $342,356,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TSM. Brighton Jones LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after buying an additional 1,892 shares during the period. Williams Jones Wealth Management LLC. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 30.0% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 2,233 shares of the semiconductor company's stock worth $441,000 after buying an additional 515 shares during the period. First Heartland Consultants Inc. boosted its holdings in shares of 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 buying an additional 50 shares during the period. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 43.3% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 13,124 shares of the semiconductor company's stock worth $2,592,000 after buying an additional 3,968 shares during the period. Finally, Novem Group acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $187,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 3.0%

Shares of TSM stock traded up $7.88 during trading on Monday, hitting $272.75. 15,589,861 shares of the company were exchanged, compared to its average volume of 10,984,586. 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 $1.41 trillion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.26 and a beta of 1.23. The business's 50-day simple moving average is $242.83 and its 200 day simple moving average is $206.76. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $276.36.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders 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 yield of 1.2%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. The ex-dividend date is Thursday, December 11th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 29.42%.

Analyst Upgrades and Downgrades

TSM has been the subject of several recent analyst reports. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, September 16th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $286.67.

Taiwan Semiconductor Manufacturing 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.