Point72 Italy S.r.l. Reduces Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Point72 Italy S.r.l. reduced its stake in Taiwan Semiconductor Manufacturing Company by 65.4% in the first quarter, owning 16,344 shares valued at $2.7 million.
• Several other institutional investors have increased their positions in Taiwan Semiconductor, including a 65.4% increase from Point72 Europe London LLP.
• Taiwan Semiconductor announced a quarterly dividend increase to $0.8348, resulting in a 1.4% dividend yield and a payout ratio of 28.16%.

Point72 Italy S.r.l. lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 65.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,344 shares of the semiconductor company's stock after selling 30,925 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 2.7% of Point72 Italy S.r.l.'s portfolio, making the stock its 14th biggest position. Point72 Italy S.r.l.'s holdings in Taiwan Semiconductor Manufacturing were worth $2,713,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Point72 Europe London LLP raised its holdings in shares of Taiwan Semiconductor Manufacturing by 65.4% during the first quarter. Point72 Europe London LLP now owns 124,550 shares of the semiconductor company's stock valued at $20,675,000 after acquiring an additional 49,250 shares in the last quarter. Beck Mack & Oliver LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.5% during the first quarter. Beck Mack & Oliver LLC now owns 5,001 shares of the semiconductor company's stock valued at $830,000 after acquiring an additional 74 shares in the last quarter. Benchstone Capital Management LP raised its holdings in shares of Taiwan Semiconductor Manufacturing by 82.0% during the first quarter. Benchstone Capital Management LP now owns 251,174 shares of the semiconductor company's stock valued at $41,695,000 after acquiring an additional 113,137 shares in the last quarter. Armistice Capital LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 24.0% during the first quarter. Armistice Capital LLC now owns 62,000 shares of the semiconductor company's stock valued at $10,292,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $237,000. Institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays reiterated an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Sunday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Buy" and an average target price of $258.33.

Taiwan Semiconductor Manufacturing Trading Down 3.0%

Taiwan Semiconductor Manufacturing stock opened at $231.01 on Friday. 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 Company Ltd. has a one year low of $134.25 and a one year high of $248.28. The stock has a market capitalization of $1.20 trillion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 1.10 and a beta of 1.19. The business's fifty day moving average is $234.90 and its 200 day moving average is $199.78.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.13 by $0.34. The company had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.Taiwan Semiconductor Manufacturing's revenue was up 44.4% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be paid a $0.8348 dividend. This represents a $3.34 annualized dividend and a dividend yield of 1.4%. 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. Taiwan Semiconductor Manufacturing's dividend payout ratio is 28.16%.

Taiwan Semiconductor Manufacturing Company 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.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.