Patten & Patten Inc. TN Increases Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Patten & Patten Inc. increased its stake in Taiwan Semiconductor Manufacturing Company by 66%, owning 2,751 shares valued at $623,000 after acquiring an additional 1,094 shares in the 2nd quarter.
• Several institutional investors also raised their positions, with Callahan Advisors boosting theirs by 108.9%, holding 25,567 shares worth $5,791,000.
• Taiwan Semiconductor Manufacturing reported $2.92 EPS for the quarter, surpassing expectations, and plans to increase its quarterly dividend to $0.8348 per share.

Patten & Patten Inc. TN raised its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 66.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,751 shares of the semiconductor company's stock after buying an additional 1,094 shares during the period. Patten & Patten Inc. TN's holdings in Taiwan Semiconductor Manufacturing were worth $623,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Callahan Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 108.9% during the 2nd quarter. Callahan Advisors LLC now owns 25,567 shares of the semiconductor company's stock valued at $5,791,000 after buying an additional 13,330 shares during the period. Davidson Investment Advisors lifted its position in shares of Taiwan Semiconductor Manufacturing by 19.7% in the 2nd quarter. Davidson Investment Advisors now owns 216,669 shares of the semiconductor company's stock worth $49,073,000 after purchasing an additional 35,637 shares during the period. Uptick Partners LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 8.5% in the 2nd quarter. Uptick Partners LLC now owns 1,593 shares of the semiconductor company's stock worth $361,000 after purchasing an additional 125 shares during the period. Dash Acquisitions Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 9.3% in the 2nd quarter. Dash Acquisitions Inc. now owns 1,180 shares of the semiconductor company's stock worth $284,000 after purchasing an additional 100 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its position in shares of Taiwan Semiconductor Manufacturing by 7.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 4,982 shares of the semiconductor company's stock worth $1,128,000 after purchasing an additional 335 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TSM. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a "positive" rating in a research report on Friday, October 10th. Needham & Company LLC raised their target price on shares of Taiwan Semiconductor Manufacturing from $270.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday. Itau BBA Securities began coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an "outperform" rating for the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $363.33.

Taiwan Semiconductor Manufacturing Trading Down 1.7%

Shares of NYSE TSM opened at $299.63 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $311.37. The stock has a market cap of $1.55 trillion, a P/E ratio of 34.17, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28. The firm has a 50-day moving average of $261.09 and a 200 day moving average of $220.77. 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, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 33.37%. The company had revenue of $32.36 billion during the quarter, compared to analysts' expectations of $951.89 billion. During the same period last year, the company posted $1.94 EPS. Taiwan Semiconductor Manufacturing's revenue was up 40.1% on a year-over-year basis. Taiwan Semiconductor Manufacturing has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal 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 given a dividend of $0.8348 per share. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. The ex-dividend date of this dividend 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 is 29.65%.

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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