Naviter Wealth LLC Has $21.31 Million Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Naviter Wealth LLC trimmed its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 4.4%, holding 93,767 shares worth approximately $21.31 million.
• The company reported strong earnings of $2.47 EPS, surpassing analyst expectations and showing a 44.4% year-over-year revenue increase to $30.07 billion.
• Taiwan Semiconductor Manufacturing has declared a quarterly dividend of $0.8348 per share, reflecting an increase from the previous $0.65 and providing a yield of 1.1%.

Naviter Wealth LLC trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,767 shares of the semiconductor company's stock after selling 4,328 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 2.6% of Naviter Wealth LLC's portfolio, making the stock its 7th largest position. Naviter Wealth LLC's holdings in Taiwan Semiconductor Manufacturing were worth $21,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Axxcess Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 14.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 23,038 shares of the semiconductor company's stock worth $5,195,000 after purchasing an additional 2,865 shares during the period. Acorn Financial Advisory Services Inc. ADV acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $322,000. Jag Capital Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 5.2% during the 2nd quarter. Jag Capital Management LLC now owns 44,925 shares of the semiconductor company's stock worth $10,175,000 after purchasing an additional 2,229 shares during the period. Cornerstone Wealth Group LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 6.4% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,146 shares of the semiconductor company's stock worth $486,000 after purchasing an additional 129 shares during the period. Finally, Defender Capital LLC. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $226,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $303.14 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $307.30. The firm has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. The business has a 50 day simple moving average of $257.20 and a 200 day simple moving average of $218.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly 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 firm had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The firm's quarterly revenue was up 44.4% on a year-over-year basis. During the same period last year, the company posted $1.48 EPS. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.8348 per share. This represents a $3.34 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 11th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing's dividend payout ratio is 29.65%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TSM. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a "positive" rating in a research report on Friday. Needham & Company LLC reiterated a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an "outperform" rating for the company. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $333.33.

Taiwan Semiconductor Manufacturing Profile

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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