Childress Capital Advisors LLC Reduces Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Childress Capital Advisors cut its stake in Taiwan Semiconductor Manufacturing by 45.1% in the first quarter, selling 1,183 shares and ending with 1,438 shares valued at about $486,000.
• Several major institutional investors still hold large positions in TSM, and hedge funds and other institutions own about 16.51% of the company’s stock overall.
• TSMC reported strong fundamentals, including 40.6% year-over-year revenue growth last quarter, and analysts remain bullish with multiple Buy ratings and a consensus price target of $449.38.

Childress Capital Advisors LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 45.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,438 shares of the semiconductor company's stock after selling 1,183 shares during the quarter. Childress Capital Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TSM. Fisher Asset Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 1.8% during the 4th quarter. Fisher Asset Management LLC now owns 18,146,900 shares of the semiconductor company's stock valued at $5,514,662,000 after acquiring an additional 313,773 shares during the period. Van ECK Associates Corp increased its stake in Taiwan Semiconductor Manufacturing by 11.1% during the 4th quarter. Van ECK Associates Corp now owns 17,464,962 shares of the semiconductor company's stock valued at $5,307,428,000 after purchasing an additional 1,750,824 shares in the last quarter. Bank of America Corp DE increased its stake in Taiwan Semiconductor Manufacturing by 6.5% during the 4th quarter. Bank of America Corp DE now owns 15,902,819 shares of the semiconductor company's stock valued at $4,832,708,000 after purchasing an additional 966,926 shares in the last quarter. Jennison Associates LLC raised its holdings in Taiwan Semiconductor Manufacturing by 6.4% in the fourth quarter. Jennison Associates LLC now owns 13,394,299 shares of the semiconductor company's stock worth $4,070,393,000 after buying an additional 802,757 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Taiwan Semiconductor Manufacturing by 2.2% in the third quarter. Alliancebernstein L.P. now owns 10,687,037 shares of the semiconductor company's stock worth $2,984,783,000 after buying an additional 229,237 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Insider Activity

In related news, VP Tzu-Sou Chuang sold 200,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $69.83, for a total transaction of $13,966,000.00. Following the completion of the sale, the vice president owned 2,495,165 shares in the company, valued at approximately $174,237,371.95. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lipen Yuan bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average cost of $79.19 per share, for a total transaction of $79,190.00. Following the purchase, the vice president directly owned 5,000 shares in the company, valued at $395,950. This trade represents a 25.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 5,310 shares of company stock worth $393,803 over the last ninety days. Corporate insiders own 1.11% of the company's stock.

Key Stories Impacting Taiwan Semiconductor Manufacturing

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

• Positive Sentiment: Analysts say TSM is benefiting from strong AI chip demand and rising expectations for advanced-node semiconductor production. Revenue and Growth Outlook Affirm Why Taiwan Semiconductor Manufacturing Co. (TSM) is a Top AI Stock on Wall Street’s Radar
• Positive Sentiment: Recent commentary highlighted TSM as a leading AI stock, with Wall Street expecting continued growth in revenue and long-term earnings power. Revenue and Growth Outlook Affirm Why Taiwan Semiconductor Manufacturing Co. (TSM) is a Top AI Stock on Wall Street’s Radar
• Positive Sentiment: AI spending forecasts remain very strong, which supports the long-term demand outlook for TSM’s foundry services. AI Demand Explodes Over 300-Fold. Zettabyte Makes the Case for Quality Compute and Taiwan's Sovereign AI Future
• Neutral Sentiment: One article noted a sector-wide semiconductor selloff tied more to market liquidity and margin unwinds than to TSM-specific fundamentals, suggesting the stock can move with the group even when the business outlook stays intact. The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
• Neutral Sentiment: TSM was also mentioned as a major beneficiary of the AI buildout in broader chip-industry commentary, reinforcing its strategic role in the supply chain. TSMC Outpaces Sector & Peers in a Year: Is the Stock Still a Buy?
• Negative Sentiment: TSM also traded lower in the prior session as chip stocks were hit by a broader risk-off move, showing that sentiment can still overwhelm fundamentals in the short term. TSMC (TSM) Falls More Steeply Than Broader Market: What Investors Need to Know

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $437.19 on Thursday. The firm's 50 day simple moving average is $424.41 and its two-hundred day simple moving average is $372.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.49 and a quick ratio of 2.31. The company has a market capitalization of $2.27 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.09 and a beta of 1.36. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $223.70 and a 1-year high of $479.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Wednesday, April 15th. The semiconductor company reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $3.31 by $0.18. The company had revenue of $35.49 billion for the quarter, compared to analysts' expectations of $35.47 billion. Taiwan Semiconductor Manufacturing had a net margin of 46.97% and a return on equity of 36.81%. Taiwan Semiconductor Manufacturing's revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.12 EPS. Research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.35 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $1.1136 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.95. This represents a $4.45 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 24.71%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. DA Davidson reissued a "buy" rating and set a $450.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 17th. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $500.00 to $575.00 and gave the stock a "positive" rating in a research note on Monday, June 22nd. Finally, Bank of America upped their price target on Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $449.38.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC's service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

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