Eleva Capital SAS Increases Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Eleva Capital SAS increased its TSMC stake by 31.2% in the third quarter, bringing its holdings to 28,092 shares worth approximately $12.8 million. TSMC now represents 10.7% of the firm’s portfolio and is its second-largest holding.
• Institutional and insider sentiment was broadly positive, with several major investors adding shares and company executives purchasing stock. Analysts maintain a consensus “Buy” rating with an average price target of $524.89.
• TSMC’s shares recently traded near a 52-week high, supported by strong chip demand and expectations for its 2-nanometer production ramp. However, investors are watching margin guidance closely as the company expands costly advanced-node production and overseas facilities.

Eleva Capital SAS raised its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 31.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,092 shares of the semiconductor company's stock after acquiring an additional 6,681 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 10.7% of Eleva Capital SAS's portfolio, making the stock its 2nd largest holding. Eleva Capital SAS's holdings in Taiwan Semiconductor Manufacturing were worth $12,815,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Janus Henderson Group PLC grew its stake in Taiwan Semiconductor Manufacturing by 7.7% during the fourth quarter. Janus Henderson Group PLC now owns 8,291,884 shares of the semiconductor company's stock worth $2,497,638,000 after buying an additional 594,780 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 8.8% in the 4th quarter. Franklin Resources Inc. now owns 7,513,453 shares of the semiconductor company's stock worth $2,283,263,000 after acquiring an additional 605,256 shares in the last quarter. Tiger Global Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 49.4% in the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock worth $1,880,717,000 after acquiring an additional 1,839,600 shares in the last quarter. Invesco Ltd. grew its position in Taiwan Semiconductor Manufacturing by 1.1% during the 4th quarter. Invesco Ltd. now owns 3,721,823 shares of the semiconductor company's stock worth $1,131,025,000 after acquiring an additional 40,842 shares during the last quarter. Finally, Sei Investments Co. grew its position in Taiwan Semiconductor Manufacturing by 11.8% during the 1st quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company's stock worth $875,802,000 after acquiring an additional 274,389 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Key Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Barclays raised its price target for TSM from $650 to $665 and maintained an “overweight” rating, implying substantial additional upside. Taiwan Semiconductor Manufacturing Stock Gets Price Target Bump from Barclays
• Positive Sentiment: Elon Musk confirmed early discussions with TSMC regarding Terafab, a proposed Texas chip plant intended to support Tesla, SpaceX and xAI. Although no agreement has been announced, the possibility reinforces TSMC’s strategic importance and could create a new source of demand. Musk confirms talks with TSMC over Terafab chip plant
• Positive Sentiment: Recent coverage points to record monthly sales and sustained demand from Nvidia, Apple and other leading chip designers. Investors are also looking to TSMC’s 2-nanometer ramp as a longer-term growth driver. TSMC Is Set Up for a Big October 15
• Neutral Sentiment: TSM has reached a fresh 52-week high, prompting investors to assess whether strong fundamentals can justify further gains. The October 15 earnings release, analyst estimates and options positioning are likely to influence the next move. TSMC Hits Fresh High
• Negative Sentiment: The key earnings risk is profitability: analysts expect strong revenue growth, but the stock’s reaction may depend more on management’s margin guidance as TSMC ramps costly 2nm production and expands overseas factories. Lower initial margins could pressure its premium valuation. TSMC Q3 Preview

Insider Buying and Selling at Taiwan Semiconductor Manufacturing

In related news, VP Lipen Yuan acquired 1,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was bought at an average price of $74.50 per share, with a total value of $74,500.00. Following the acquisition, the vice president owned 6,000 shares in the company, valued at $447,000. This represents a 20.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shyue-Shyh Lin bought 2,000 shares of the firm's stock in a transaction that occurred on Sunday, July 19th. The stock was purchased at an average cost of $71.71 per share, with a total value of $143,420.00. Following the completion of the purchase, the vice president directly owned 28,269 shares of the company's stock, valued at $2,027,169.99. This represents a 7.61% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 14,559 shares of company stock worth $1,067,931 over the last ninety days. 1.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TSM shares. Zacks Research raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a "hold" rating in a research note on Friday, July 17th. DA Davidson increased their price target on shares of Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Friday, July 17th. Finally, Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the company a "buy" rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $524.89.

Taiwan Semiconductor Manufacturing Stock Down 0.5%

Taiwan Semiconductor Manufacturing stock traded down $2.22 during mid-day trading on Tuesday, reaching $483.58. The company's stock had a trading volume of 4,649,433 shares, compared to its average volume of 13,095,138. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $266.82 and a 12 month high of $487.47. The business's 50 day simple moving average is $427.31 and its 200 day simple moving average is $410.67. The company has a market capitalization of $2.51 trillion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 1.05 and a beta of 1.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The semiconductor company reported $4.28 EPS for the quarter. The company had revenue of $39.89 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.56 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be given a dividend of $1.0854 per share. This represents a $4.34 annualized dividend and a yield of 0.9%. This is a drop from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. The ex-dividend date of this dividend is Thursday, December 10th. Taiwan Semiconductor Manufacturing's payout ratio is currently 24.75%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's largest dedicated semiconductor foundry. Founded in 1987 by Morris Chang, the company pioneered the pure-play foundry model, producing chips designed by other companies rather than selling products under its own semiconductor brand.

TSMC manufactures a broad range of integrated circuits, including advanced logic chips used in high-performance computing, smartphones, automotive systems, communications equipment, and consumer electronics.

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