Fulcrum Asset Management LLP Sells 5,131 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Fulcrum Asset Management LLP lessened its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 39.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,771 shares of the semiconductor company's stock after selling 5,131 shares during the period. Fulcrum Asset Management LLP's holdings in Taiwan Semiconductor Manufacturing were worth $3,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brookstone Capital Management increased its position in Taiwan Semiconductor Manufacturing by 87.3% during the second quarter. Brookstone Capital Management now owns 25,143 shares of the semiconductor company's stock worth $12,008,000 after acquiring an additional 11,719 shares during the period. Opal Capital LLC grew its position in Taiwan Semiconductor Manufacturing by 72.5% in the first quarter. Opal Capital LLC now owns 27,767 shares of the semiconductor company's stock valued at $9,384,000 after acquiring an additional 11,666 shares during the period. Western Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 27.4% in the 1st quarter. Western Wealth Management LLC now owns 27,954 shares of the semiconductor company's stock worth $9,447,000 after purchasing an additional 6,013 shares during the last quarter. MRA Advisory Group acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at about $704,000. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at about $6,129,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Trending Headlines about Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Taiwanese regulators tightened short-selling limits and authorized a NT$500 billion stabilization fund. The measures helped lift local-market sentiment and supported TSMC shares. TSMC Stocks Rise as Taiwan Curbs Short Selling and Deploys Stabilization Fund
• Positive Sentiment: A director disclosed buying 840 shares for about $300,000, increasing his direct holdings by 11.1%. Insider purchases can be viewed as a signal of confidence, although one transaction does not establish a broader trend. SEC filing on director share purchase
• Positive Sentiment: Eleven ETFs reportedly added TSMC shares, suggesting investment-fund demand that may provide some support. 11 ETFs Add to Taiwan Semiconductor
• Neutral Sentiment: Coverage was inconsistent about TSMC entering advanced memory production: one report suggested it may make memory for NVIDIA, while another said TSMC remains focused on logic chips. The uncertainty may affect expectations for future competition, but the reports do not establish a confirmed change in strategy. Report on possible advanced memory production

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $388.95 on Tuesday. The stock has a 50-day moving average price of $431.09 and a 200 day moving average price of $401.08. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.02 trillion, a price-to-earnings ratio of 25.03, a PEG ratio of 0.80 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $266.82 and a 12 month high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.15. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The firm had revenue of $46.72 billion during the quarter, compared to analysts' expectations of $45.67 billion. During the same period in the previous year, the business posted $2.92 EPS. The company's quarterly revenue was up 41.2% compared to the same quarter last year. Research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of research analyst reports. Sanford C. Bernstein increased their price objective on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an "outperform" rating in a report on Wednesday, November 4th. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a "buy" rating in a research note on Thursday, October 15th. Weiss Ratings lowered shares of Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a research report on Wednesday, November 4th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a "hold" rating in a research note on Friday, July 17th. Finally, DA Davidson reissued a "buy" rating and set a $500.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 16th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $533.89.

Insider Activity at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, Director Michael R. Splinter purchased 840 shares of the stock in a transaction dated Thursday, November 5th. The stock was bought at an average price of $357.00 per share, for a total transaction of $299,880.00. Following the transaction, the director directly owned 8,405 shares in the company, valued at $3,000,585. This represents a 11.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lipen Yuan purchased 1,000 shares of the company's stock in a transaction that occurred on Sunday, November 1st. The shares were acquired at an average cost of $71.49 per share, with a total value of $71,490.00. Following the completion of the purchase, the vice president owned 8,000 shares of the company's stock, valued at $571,920. The trade was a 14.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 6,268 shares of company stock valued at $710,901. 1.11% of the stock is owned by corporate insiders.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a semiconductor foundry that manufactures chips designed by other companies. It provides wafer fabrication and related services, including advanced packaging, serving customers across industries such as computing, communications, automotive and consumer electronics.

Founded in 1987 and headquartered in Hsinchu, Taiwan, TSMC helped establish the dedicated foundry model, in which a manufacturer focuses on producing semiconductors for customers rather than selling its own chip designs.

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