Causeway Capital Management LLC Has $86.26 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Causeway Capital Management LLC reduced its stake in Taiwan Semiconductor Manufacturing Company by 1.8%, holding 519,645 shares valued at approximately $86.26 million.
• Goldman Sachs increased its position in the company by 55.6%, acquiring over 6 million additional shares, now totaling 17,306,108 shares worth about $2.87 billion.
• The company's recent earnings report showed $2.47 EPS, exceeding analyst expectations, with revenues of $30.07 billion for the quarter, marking a 44.4% increase year-over-year.

Causeway Capital Management LLC trimmed its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 519,645 shares of the semiconductor company's stock after selling 9,419 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 1.8% of Causeway Capital Management LLC's portfolio, making the stock its 10th biggest holding. Causeway Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $86,261,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 17,306,108 shares of the semiconductor company's stock valued at $2,872,814,000 after buying an additional 6,180,445 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Taiwan Semiconductor Manufacturing by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,350,239 shares of the semiconductor company's stock worth $2,050,141,000 after purchasing an additional 1,984,835 shares during the period. WCM Investment Management LLC increased its position in Taiwan Semiconductor Manufacturing by 0.6% in the first quarter. WCM Investment Management LLC now owns 9,734,044 shares of the semiconductor company's stock worth $1,608,551,000 after purchasing an additional 59,079 shares during the period. Jennison Associates LLC increased its position in Taiwan Semiconductor Manufacturing by 36.8% in the first quarter. Jennison Associates LLC now owns 9,509,032 shares of the semiconductor company's stock worth $1,578,499,000 after purchasing an additional 2,559,512 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Taiwan Semiconductor Manufacturing by 13.8% during the 4th quarter. Janus Henderson Group PLC now owns 7,381,233 shares of the semiconductor company's stock worth $1,457,912,000 after buying an additional 895,379 shares during the period. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TSM shares. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays restated an "overweight" rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Needham & Company LLC restated a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of "Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $235.63 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $248.28. The firm has a market cap of $1.22 trillion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 1.11 and a beta of 1.19. The firm's 50-day simple moving average is $232.96 and its 200 day simple moving average is $198.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 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 period last year, the firm 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. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

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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