Dock Street Asset Management Inc. Takes Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Dock Street Asset Management Inc. acquired 98,536 shares of Taiwan Semiconductor Manufacturing Company Ltd. valued at approximately $22.3 million, making it about 2.1% of their investment portfolio.
• Taiwan Semiconductor reported earnings of $2.47 per share, exceeding estimates, with a revenue of $30.07 billion—up 44.4% year-over-year.
• The company announced an increase in its quarterly dividend to $0.8348 per share, effective January 8th, representing a yield of 1.1% and a payout ratio of 29.65%.

Dock Street Asset Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 98,536 shares of the semiconductor company's stock, valued at approximately $22,317,000. Taiwan Semiconductor Manufacturing comprises about 2.1% of Dock Street Asset Management Inc.'s investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Essex LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $212,000. Ritholtz Wealth Management increased its position in shares of Taiwan Semiconductor Manufacturing by 1.5% during the 2nd quarter. Ritholtz Wealth Management now owns 67,501 shares of the semiconductor company's stock valued at $15,288,000 after purchasing an additional 1,003 shares during the last quarter. Triton Wealth Management PLLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $408,000. Private Wealth Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 64.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 767 shares of the semiconductor company's stock valued at $174,000 after purchasing an additional 300 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 0.6% during the 2nd quarter. Harbour Investments Inc. now owns 11,340 shares of the semiconductor company's stock valued at $2,568,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 2.4%

TSM stock opened at $295.62 on Wednesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $307.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15. The company has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 33.71, a PEG ratio of 1.45 and a beta of 1.28. The business has a 50 day simple moving average of $258.46 and a two-hundred day simple moving average of $219.25.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be given a dividend of $0.8348 per share. The ex-dividend date is Thursday, December 11th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 29.65%.

Wall Street Analyst Weigh In

TSM has been the subject of several analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 8th. Itau BBA Securities initiated coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an "outperform" rating for the company. Needham & Company LLC reissued a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a "positive" rating in a report on Friday. Finally, Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $333.33.

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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