Perpetual Ltd Sells 31,960 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Perpetual Ltd reduced its stake in Taiwan Semiconductor Manufacturing Company by 11.6%, now holding 243,449 shares worth approximately $55 million after selling 31,960 shares in the second quarter.
• Major investors like Goldman Sachs and Price T Rowe Associates have increased their holdings in Taiwan Semiconductor, indicating strong institutional interest in the company.
• Analysts have a positive outlook for Taiwan Semiconductor, with several raising their target prices and the stock currently holding an average rating of "Buy" and a target price of $286.67.

Perpetual Ltd reduced its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,449 shares of the semiconductor company's stock after selling 31,960 shares during the period. Perpetual Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $55,139,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $41,627,000. Sterling Financial Group Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $231,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $1,106,000. Clare Market Investments LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $1,552,000. Finally, Legacy Financial Strategies LLC increased its stake in Taiwan Semiconductor Manufacturing by 4.1% in the 2nd quarter. Legacy Financial Strategies LLC now owns 2,416 shares of the semiconductor company's stock worth $547,000 after purchasing an additional 96 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the stock an "overweight" rating in a research note on Tuesday. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research note on Monday, July 14th. Needham & Company LLC reissued a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of "Buy" and a consensus price target of $286.67.

Taiwan Semiconductor Manufacturing Stock Down 1.6%

Shares of Taiwan Semiconductor Manufacturing stock traded down $4.37 during trading on Friday, hitting $264.27. 17,619,494 shares of the stock traded hands, compared to its average volume of 10,617,547. The stock has a market cap of $1.37 trillion, a P/E ratio of 30.13, a PEG ratio of 1.28 and a beta of 1.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $270.54. The company has a fifty day moving average price of $241.95 and a two-hundred day moving average price of $205.73.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.34. The business 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 revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 EPS. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.8348 per share. The ex-dividend date is Thursday, December 11th. This represents a $3.34 annualized dividend and a dividend yield of 1.3%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 29.42%.

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.