Kingdon Capital Management L.L.C. Trims Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Kingdon Capital Management L.L.C. has reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. (TSM) by 30%, leaving them with 52,500 shares valued at approximately $8.7 million.
• Institutional investors have actively participated in TSM's stock, with Guardian Point Capital LP and OLD Mission Capital LLC acquiring new stakes valued at $4.15 million and $25.63 million, respectively.
• TSM has recently increased its quarterly dividend to $0.8348 per share, representing an annualized dividend yield of 1.4%, up from the previous dividend of $0.65.

Kingdon Capital Management L.L.C. reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 30.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 52,500 shares of the semiconductor company's stock after selling 22,500 shares during the quarter. Kingdon Capital Management L.L.C.'s holdings in Taiwan Semiconductor Manufacturing were worth $8,715,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TSM. Goldman Sachs Group Inc. increased its stake in Taiwan Semiconductor Manufacturing by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 17,306,108 shares of the semiconductor company's stock valued at $2,872,814,000 after buying an additional 6,180,445 shares during the period. Nuveen LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $482,676,000. Jennison Associates LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 36.8% during the 1st quarter. Jennison Associates LLC now owns 9,509,032 shares of the semiconductor company's stock worth $1,578,499,000 after purchasing an additional 2,559,512 shares during the period. Sarasin & Partners LLP acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $362,773,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Taiwan Semiconductor Manufacturing by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,350,239 shares of the semiconductor company's stock worth $2,050,141,000 after purchasing an additional 1,984,835 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on TSM. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna upped their price target 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. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Sunday. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Finally, Barclays reiterated an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Buy" and an average target price of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock traded down $7.26 on Friday, hitting $231.01. The company's stock had a trading volume of 15,511,696 shares, compared to its average volume of 10,307,398. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $248.28. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $234.90 and a 200-day moving average price of $199.77. The company has a market capitalization of $1.20 trillion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. The company had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 33.37%. The firm's quarterly revenue was up 44.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced 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. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. The ex-dividend date is Thursday, December 11th. This represents a $3.34 dividend on an annualized basis and a yield of 1.4%. Taiwan Semiconductor Manufacturing's payout ratio is currently 28.16%.

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.