Kornitzer Capital Management Inc. KS Sells 19,963 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Kornitzer Capital Management Inc. reduced its position in Taiwan Semiconductor Manufacturing Company (TSM) by 15.1%, selling 19,963 shares in the 2nd quarter, leaving them with 112,664 shares worth approximately $25.5 million.
• The company recently declared a quarterly dividend of $0.8348, an increase from the previous dividend of $0.65, representing an annualized yield of 1.1%.
• Taiwan Semiconductor Manufacturing reported strong quarterly earnings with an EPS of $2.92, exceeding estimates by $0.33 and showing a revenue increase of 40.1% year-over-year.

Kornitzer Capital Management Inc. KS reduced its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 15.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,664 shares of the semiconductor company's stock after selling 19,963 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Taiwan Semiconductor Manufacturing were worth $25,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. 1248 Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth about $28,000. Graybill Wealth Management LTD. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $33,000. Vision Financial Markets LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $33,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $33,000. Finally, Keener Financial Planning LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $39,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 1.5%

NYSE:TSM traded up $4.49 during trading hours on Friday, reaching $295.22. 8,727,934 shares of the stock were exchanged, compared to its average volume of 14,480,128. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $311.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15. The firm has a 50 day moving average of $267.36 and a 200 day moving average of $226.51. The stock has a market cap of $1.53 trillion, a PE ratio of 30.28, a PEG ratio of 0.98 and a beta of 1.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a return on equity of 36.06% and a net margin of 43.72%.The company had revenue of $32.36 billion for the quarter, compared to analysts' expectations of $951.89 billion. During the same quarter in the prior year, the business posted $1.94 EPS. The business's revenue was up 40.1% compared to the same quarter last year. Taiwan Semiconductor Manufacturing has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be paid a $0.8348 dividend. This is a boost 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 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 26.97%.

Analyst Ratings Changes

Several research firms have recently issued reports on TSM. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 18th. Needham & Company LLC boosted their target price on Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, October 16th. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a "positive" rating in a research report on Friday, October 10th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, October 17th. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $371.67.

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.

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