Galvin Gaustad & Stein LLC Sells 8,733 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Galvin Gaustad & Stein LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 9.8%, now holding 80,334 shares, valued at approximately $18.2 million.
• The company reported $2.47 earnings per share for the last quarter, exceeding estimates and marking a 44.4% revenue increase year-over-year with revenues of $30.07 billion.
• Taiwan Semiconductor Manufacturing has increased its quarterly dividend to $0.8348 per share, reflecting a strong dividend yield of 1.1%.

Galvin Gaustad & Stein LLC lessened its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,334 shares of the semiconductor company's stock after selling 8,733 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 1.6% of Galvin Gaustad & Stein LLC's holdings, making the stock its 22nd biggest position. Galvin Gaustad & Stein LLC's holdings in Taiwan Semiconductor Manufacturing were worth $18,195,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. 1248 Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $28,000. Signature Resources Capital Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 138.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $33,000. Vision Financial Markets LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $33,000. Finally, Keener Financial Planning LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $39,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $299.90 on Friday. The company's fifty day moving average price is $255.00 and its 200 day moving average price is $216.42. 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 market capitalization of $1.56 trillion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 1.45 and a beta of 1.28. 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 announced its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 33.37%. The firm had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The firm's quarterly revenue was up 44.4% compared to the same quarter last year. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. On average, research 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 business 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 dividend of $0.8348 per share. The ex-dividend date of this dividend is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. This represents a $3.34 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is 29.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research note on Monday, July 14th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Itau BBA Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. They issued an "outperform" rating on the stock. Finally, Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $288.33.

Taiwan Semiconductor Manufacturing Company Profile

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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