Channing Global Advisors LLC Trims Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Channing Global Advisors LLC reduced its stake in Taiwan Semiconductor Manufacturing Company by 4.1% during the second quarter, owning 46,523 shares worth approximately $10.54 million.
• In the same quarter, other institutional investors, including West Family Investments and New York State Common Retirement Fund, also adjusted their positions, underscoring the stock's significance in the market.
• Taiwan Semiconductor Manufacturing reported strong earnings exceeding analysts' expectations, with an EPS of $2.47 and quarterly revenue of $30.07 billion, marking a 44.4% year-over-year growth.

Channing Global Advisors LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,523 shares of the semiconductor company's stock after selling 1,980 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 6.8% of Channing Global Advisors LLC's investment portfolio, making the stock its 3rd largest holding. Channing Global Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $10,537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stablepoint Partners LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 2.6% during the second quarter. Stablepoint Partners LLC now owns 13,416 shares of the semiconductor company's stock worth $3,039,000 after acquiring an additional 344 shares in the last quarter. Meridian Wealth Partners LLC bought a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $359,000. New York State Common Retirement Fund lifted its holdings in Taiwan Semiconductor Manufacturing by 6.0% during the second quarter. New York State Common Retirement Fund now owns 1,259,053 shares of the semiconductor company's stock worth $285,163,000 after acquiring an additional 71,067 shares in the last quarter. West Family Investments Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 57.2% during the second quarter. West Family Investments Inc. now owns 29,285 shares of the semiconductor company's stock worth $6,633,000 after acquiring an additional 10,658 shares in the last quarter. Finally, Wealthquest Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.0% in the second quarter. Wealthquest Corp now owns 1,353 shares of the semiconductor company's stock valued at $306,000 after purchasing an additional 89 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $281.08 on Friday. 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 stock's 50-day simple moving average is $255.91 and its 200 day simple moving average is $217.42. The company has a market cap of $1.46 trillion, a P/E ratio of 32.05, a P/E/G ratio of 1.34 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $307.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. The business had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.Taiwan Semiconductor Manufacturing's quarterly revenue was up 44.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. As a group, sell-side 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 disclosed 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 is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. This represents a $3.34 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, December 11th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 29.65%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a "positive" rating in a report on Friday. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday. Itau BBA Securities assumed coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday. They issued an "outperform" rating on the stock. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $333.33.

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.

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