Glynn Capital Management LLC Sells 11,901 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Glynn Capital Management cut its TSMC position by 22%, selling 11,901 shares during the third quarter and retaining 42,124 shares valued at approximately $19.2 million.
• Analysts remain broadly bullish, with TSM receiving an overall “Buy” rating and a consensus price target of $524.89; expectations are supported by AI-chip demand and the planned 2-nanometer production ramp.
• TSMC shares were trading near their 52-week high, but investors are watching whether advanced-node expansion costs pressure margins; the company also reduced its quarterly dividend to $1.0854 per share.

Glynn Capital Management LLC reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 22.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,124 shares of the semiconductor company's stock after selling 11,901 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 5.6% of Glynn Capital Management LLC's portfolio, making the stock its 4th largest position. Glynn Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $19,217,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cedar Mountain Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 88.2% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 30 shares in the last quarter. Markowski Investments acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $33,000. Hilton Head Capital Partners LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $27,000. Evolution Wealth Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 257.7% during the 1st quarter. Evolution Wealth Management Inc. now owns 93 shares of the semiconductor company's stock worth $31,000 after buying an additional 67 shares during the last quarter. Finally, Strategic Advocates LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 62.1% during the 4th quarter. Strategic Advocates LLC now owns 94 shares of the semiconductor company's stock worth $28,000 after buying an additional 36 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSM. Needham & Company LLC lifted their target price on Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Zacks Research raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. DA Davidson raised 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. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a "hold" rating in a report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $524.89.

Trending Headlines about Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Barclays raised its price target to $665 from $650 and maintained an “overweight” rating, implying substantial upside and reinforcing the bullish view on TSM’s earnings outlook. Taiwan Semiconductor Stock Gets Price Target Bump from Barclays
• Positive Sentiment: Strong artificial-intelligence chip demand, rising earnings estimates and the planned ramp of TSMC’s 2-nanometer process are expected to support third-quarter growth. July and August sales trends reportedly remain solid. TSMC Q3 Earnings: Strong AI Demand Sets the Bar High for Growth
• Positive Sentiment: Elon Musk confirmed early discussions involving TSMC and Terafab, a proposed Texas chip venture intended to serve Tesla, SpaceX and xAI. Although no agreement has been announced, the prospect of additional advanced-chip manufacturing demand helped lift sentiment. Musk Confirms Talks with TSMC Over Terafab Chip Plant
• Positive Sentiment: Taiwan’s new Phoenix office and TSMC’s expanding Arizona investment highlight the company’s growing U.S. manufacturing footprint and could strengthen relationships with major American technology customers. Taiwan Opens Phoenix Office as Arizona Chip Investment Grows
• Neutral Sentiment: TSM is trading near a 52-week high, supported by AI-related demand and record monthly sales. The stock’s next major catalyst is the October 15 earnings release, when investors will focus on revenue growth, gross-margin guidance and the pace of the 2nm production ramp. TSMC Is Set Up for a Big October 15
• Negative Sentiment: Expectations are increasingly high, and margin performance may determine the market reaction. Investors are concerned that costs associated with expanding advanced-node capacity could pressure margins, while the stock’s strong run leaves less room for an earnings disappointment. TSMC Q3 Preview: The Margin Guide Matters More Than the Print

Taiwan Semiconductor Manufacturing Stock Down 0.7%

Shares of NYSE TSM opened at $482.61 on Wednesday. The company has a 50 day simple moving average of $429.10 and a 200 day simple moving average of $411.68. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $266.82 and a 1 year high of $487.47. The firm has a market cap of $2.50 trillion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.08 and a beta of 1.37.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $4.34 annualized dividend and a yield of 0.9%. This is a decrease from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing's dividend payout ratio is 24.96%.

Insider Buying and Selling

In related news, VP Bor-Zen Tien purchased 3,000 shares of the firm's stock in a transaction dated Tuesday, July 21st. The stock was bought at an average price of $74.39 per share, with a total value of $223,170.00. Following the completion of the purchase, the vice president owned 4,000 shares in the company, valued at approximately $297,560. This represents a 300.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shyue-Shyh Lin acquired 2,000 shares of the stock in a transaction dated Sunday, July 19th. The shares were bought at an average price of $71.71 per share, with a total value of $143,420.00. Following the completion of the transaction, the vice president directly owned 28,269 shares of the company's stock, valued at $2,027,169.99. The trade was a 7.61% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 14,559 shares of company stock valued at $1,067,931 in the last three months. Insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Company 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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