Migdal Insurance & Financial Holdings Ltd. Buys 5,318 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Migdal Insurance increased its TSMC stake by 1.1%, buying 5,318 shares in the third quarter to own 495,228 shares valued at about $226.5 million.
• TSMC beat quarterly earnings and revenue estimates, with revenue up 41.2% year over year, and raised its quarterly dividend from $1.0854 to $1.3663 per share.
• Shares fell 1.5% to $399.50 in the reported session, while analysts maintained a consensus “Buy” rating and an average price target of $533.89.

Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 495,228 shares of the semiconductor company's stock after purchasing an additional 5,318 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 1.4% of Migdal Insurance & Financial Holdings Ltd.'s investment portfolio, making the stock its 21st largest holding. Migdal Insurance & Financial Holdings Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $226,458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 0.4% in the third quarter. Fisher Asset Management LLC now owns 18,932,587 shares of the semiconductor company's stock valued at $8,636,858,000 after buying an additional 66,389 shares during the period. Tiger Global Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 49.4% during the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock worth $1,880,717,000 after buying an additional 1,839,600 shares during the period. Russell Investments Group Ltd. grew its position in shares of Taiwan Semiconductor Manufacturing by 12.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,057,858 shares of the semiconductor company's stock worth $1,851,187,000 after buying an additional 451,966 shares during the period. Sei Investments Co. increased its stake in shares of Taiwan Semiconductor Manufacturing by 11.8% in the 1st quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company's stock valued at $875,802,000 after acquiring an additional 274,389 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Taiwan Semiconductor Manufacturing by 67.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,717,515 shares of the semiconductor company's stock valued at $783,513,000 after acquiring an additional 690,523 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Top Taiwan Semiconductor Manufacturing Stories

Investors following TSM have been watching these stories:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year. The strong growth points to continued demand for AI chips and supports expectations that the company’s capacity investments can sustain expansion. Article: TSMC Just Booked a Record NT$587 Billion Month
• Neutral Sentiment: NVIDIA’s leadership shake-up is adding uncertainty across chip stocks. TSMC may benefit from serving multiple chip designers, but tighter export controls could create broader industry headwinds. NVIDIA’s November 17 earnings report is a near-term test of AI-chip demand. Article: Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
• Negative Sentiment: TSMC confirmed that current and former employees’ personal data was exposed through a cloud provider. Reports say hackers are demanding 3 bitcoin over about 46,000 records, raising cybersecurity and reputational concerns. Article: TSMC Confirms Employee Data Leak Through Cloud Provider

Taiwan Semiconductor Manufacturing Trading Down 1.5%

Taiwan Semiconductor Manufacturing stock traded down $5.99 during mid-day trading on Friday, hitting $399.50. 10,704,547 shares of the company's stock were exchanged, compared to its average volume of 14,768,286. The company's 50 day simple moving average is $430.12 and its 200-day simple moving average is $402.49. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 25.71, a PEG ratio of 0.81 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted 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 analysts' expectations of $45.67 billion. During the same period in the previous year, the firm earned $2.92 earnings per share. The company's revenue was up 41.2% on a year-over-year basis. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Thursday, March 11th will be issued a dividend of $1.3663 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.0854. The ex-dividend date is Thursday, March 11th. This represents a $5.47 annualized dividend and a dividend yield of 1.4%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 22.07%.

Insider Activity

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan acquired 1,000 shares of the firm's stock in a transaction that occurred on Sunday, November 1st. The stock was acquired at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the transaction, the vice president owned 8,000 shares of the company's stock, valued at $571,920. This trade represents a 14.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Splinter acquired 840 shares of the firm's stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average price of $357.00 per share, with a total value of $299,880.00. Following the completion of the transaction, the director directly owned 8,405 shares in the company, valued at $3,000,585. This trade represents a 11.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 7,869 shares of company stock worth $823,771 in the last quarter. 1.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TSM. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Stifel Nicolaus began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, September 1st. They set a "buy" rating and a $515.00 price objective for the company. DA Davidson reaffirmed a "buy" rating and issued a $500.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 16th. Finally, Sanford C. Bernstein increased their target price on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an "outperform" rating in a report on Wednesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Buy" and an average price target of $533.89.

About Taiwan Semiconductor Manufacturing

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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