Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC reduced its stake in Taiwan Semiconductor Manufacturing Company by 22.6%, selling 18,142 shares to hold a total of 61,996 shares valued at approximately $10.3 million.
• Taiwan Semiconductor's quarterly earnings exceeded expectations, reporting $2.47 EPS compared to the estimated $2.13, with revenue of $30.07 billion, marking a 44.4% year-over-year increase.
• The company declared an increase in its quarterly dividend to $0.8348 per share, up from $0.65, with an annualized yield of 1.4%.

Evergreen Capital Management LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 22.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,996 shares of the semiconductor company's stock after selling 18,142 shares during the period. Evergreen Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $10,333,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale boosted its stake in shares of Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,339,479 shares of the semiconductor company's stock worth $214,442,000 after purchasing an additional 11,693 shares during the last quarter. Pinnacle Investment Management Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $26,661,000. Quantbot Technologies LP lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 452.2% during the 1st quarter. Quantbot Technologies LP now owns 47,425 shares of the semiconductor company's stock worth $7,873,000 after acquiring an additional 38,837 shares during the period. Sentry LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $222,000. Finally, In Depth Partners LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 36.1% in the first quarter. In Depth Partners LLC now owns 73,757 shares of the semiconductor company's stock worth $12,244,000 after acquiring an additional 19,547 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 3.0%

TSM traded down $7.26 on Friday, reaching $231.01. 15,511,696 shares of the company's stock were exchanged, compared to its average volume of 10,208,586. The company has a market cap of $1.20 trillion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.10 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $248.28. The company's 50 day moving average is $234.90 and its 200-day moving average is $199.78. 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. The firm had revenue of $30.07 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 EPS. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be issued a $0.8348 dividend. The ex-dividend date is Thursday, December 11th. This represents a $3.34 dividend on an annualized basis and a yield of 1.4%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 28.16%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TSM shares. Barclays reissued an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC reissued a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $258.33.

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.