Mayflower Financial Advisors LLC Boosts Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Mayflower Financial Advisors increased its stake in Taiwan Semiconductor Manufacturing by 33.4% in the first quarter, buying 1,400 more shares and bringing its total to 5,592 shares worth about $1.89 million.
• Other institutions also boosted or initiated positions in TSMC, and institutional investors now own 16.51% of the company. Meanwhile, insider trading was mixed, with VP Tzu-Sou Chuang selling 200,000 shares while VP Bor-Zen Tien bought 2,000 shares.
• TSMC remains well supported by analysts and fundamentals: Bank of America raised its price target to $590, and the consensus rating is Buy. The company also increased its quarterly dividend to $1.1136 per share, up from $0.95.

Mayflower Financial Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 33.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,592 shares of the semiconductor company's stock after acquiring an additional 1,400 shares during the quarter. Mayflower Financial Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,890,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSM. Brighton Jones LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after purchasing an additional 1,892 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $701,000. Bank of Nova Scotia increased its stake in Taiwan Semiconductor Manufacturing by 12.8% in the 2nd quarter. Bank of Nova Scotia now owns 15,697 shares of the semiconductor company's stock valued at $3,556,000 after buying an additional 1,784 shares during the last quarter. FWL Investment Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 26.5% in the 2nd quarter. FWL Investment Management LLC now owns 253 shares of the semiconductor company's stock valued at $57,000 after buying an additional 53 shares during the last quarter. Finally, Main Street Financial Solutions LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $270,000. Institutional investors own 16.51% of the company's stock.

Insider Activity at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Tzu-Sou Chuang sold 200,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $69.83, for a total transaction of $13,966,000.00. Following the completion of the transaction, the vice president directly owned 2,495,165 shares of the company's stock, valued at approximately $174,237,371.95. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bor-Zen Tien bought 2,000 shares of the firm's stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $69.91 per share, with a total value of $139,820.00. Following the completion of the transaction, the vice president directly owned 11,051 shares of the company's stock, valued at approximately $772,575.41. The trade was a 22.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 4,496 shares of company stock worth $327,927. Insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing News Summary

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

• Positive Sentiment: TSMC announced a 10-year partnership with Amkor Technology to expand advanced semiconductor packaging and testing capacity in Arizona, strengthening its U.S. manufacturing footprint and supporting demand for AI and high-performance computing chips. Taiwan Semiconductor Manufacturing NYSE: TSM Teams With Amkor In Arizona For AI Chip Packaging
• Positive Sentiment: Another article highlighted TSMC as a key beneficiary of the global AI chip build-out, reinforcing the view that it remains a core supplier to the biggest growth trend in semiconductors. Will Amazon, Taiwan Semiconductor, SpaceX, or Broadcom Be the Next $3 Trillion Company?
• Neutral Sentiment: Zacks noted that TSMC has been drawing increased investor attention, but the piece did not include a new earnings update or fresh operational catalyst. Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: A broader market article said emerging markets are lagging in the AI race, which is more of an industry backdrop than a direct driver for TSMC. China, India See Top Firms Lose Market Cap Share in AI Lag
• Negative Sentiment: Bloomberg reported a raid on Super Micro Computer’s Taiwan offices in a chip-smuggling probe tied to Nvidia chips, which could increase scrutiny across the Taiwan semiconductor supply chain even though TSMC was not named. Super Micro Office Raided as Taiwan Expands Chip Smuggling Probe

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TSM. Weiss Ratings restated a "buy (b-)" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, June 17th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Sunday, March 22nd. Bank of America lifted their price target on Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. Needham & Company LLC boosted their price objective on Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Finally, DA Davidson restated a "buy" rating and issued a $450.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $449.38.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $455.26 on Tuesday. The company has a market capitalization of $2.36 trillion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.31 and a current ratio of 2.49. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $221.18 and a 52-week high of $476.79. The company has a 50-day simple moving average of $415.79 and a 200 day simple moving average of $364.90.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 46.97% and a return on equity of 36.81%. The firm had revenue of $30.65 billion for the quarter. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.35 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be paid a $1.1136 dividend. The ex-dividend date is Wednesday, September 16th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.95. This represents a $4.45 annualized dividend and a yield of 1.0%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 25.12%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC's service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

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