Maryland State Retirement & Pension System Purchases 21,408 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Maryland State Retirement & Pension System acquired a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,408 shares of the semiconductor company's stock, valued at approximately $9,766,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TSM. Fiduciary Advisors Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 200.0% during the 3rd quarter. Fiduciary Advisors Inc. now owns 60 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 40 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in 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 acquiring an additional 30 shares in the last quarter. Markowski Investments acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $33,000. Heritage Family Offices LLP acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $37,000. Finally, Curry Webb Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth about $39,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 1.8%

Shares of NYSE TSM opened at $405.85 on Friday. The stock has a market cap of $2.10 trillion, a P/E ratio of 26.12, a PEG ratio of 0.82 and a beta of 1.44. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $266.82 and a 12-month high of $487.47. The business's fifty day simple moving average is $430.47 and its 200-day simple moving average is $402.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $45.67 billion. During the same period last year, the business posted $2.92 earnings per share. Taiwan Semiconductor Manufacturing's revenue was up 41.2% compared to the same quarter last year. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Thursday, March 11th will be paid a $1.3663 dividend. This represents a $5.47 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, March 11th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.0854. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 22.27%.

Insider Activity

In other news, VP Lipen Yuan bought 1,000 shares of the business's stock in a transaction that occurred on Sunday, November 1st. The shares were purchased at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the completion of the purchase, the vice president owned 8,000 shares of the company's stock, valued at approximately $571,920. This represents a 14.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Splinter bought 840 shares of the business's stock in a transaction that occurred on Thursday, November 5th. The shares were purchased at an average price of $357.00 per share, for a total transaction of $299,880.00. Following the completion of the purchase, the director directly owned 8,405 shares of the company's stock, valued at approximately $3,000,585. This trade represents a 11.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 7,869 shares of company stock valued at $823,771 in the last quarter. Company insiders own 1.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an "overweight" rating in a research note on Friday, October 16th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a "hold" rating in a research note on Friday, July 17th. Finally, Stifel Nicolaus initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They set a "buy" rating and a $515.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $533.89.

Trending Headlines about Taiwan Semiconductor Manufacturing

Here are a few of the latest headlines about TSM:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year. The result points to continuing demand for advanced chips and supports the company’s growth outlook. TSMC Stocks Climb After Record October Revenue
• Neutral Sentiment: ETFs were net sellers of TSMC shares on Nov. 10, a potential near-term headwind for trading, but one day of fund flows does not establish a longer-term trend. ETFs Are Net Sellers of Taiwan Semiconductor
• Negative Sentiment: A reported breach exposed personal data belonging to some current and former employees, with hackers reportedly seeking ransom in bitcoin. The incident raises reputational and cybersecurity concerns, though the articles do not indicate disruption to chip production. TSMC Stock Dips After Hackers Ransom Employee Data

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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