Portside Wealth Group LLC Has $1.29 Million Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Portside Wealth Group LLC increased its stake in Taiwan Semiconductor Manufacturing (TSM) by 52.2% in Q4, adding 1,452 shares to hold 4,232 shares valued at about $1.29 million.
• Analysts are broadly positive—MarketBeat shows a consensus rating of Buy with a target price of $391.43, and several firms (Barclays, DA Davidson, Goldman Sachs) recently upgraded ratings or raised targets.
• Insider activity: VP Bor‑Zen Tien bought 1,000 shares at roughly $55.93 on March 22 (a 12.4% increase in their stake), while institutional investors own about 16.51% of TSM.

Portside Wealth Group LLC grew its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 52.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,232 shares of the semiconductor company's stock after buying an additional 1,452 shares during the period. Portside Wealth Group LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSM. Brighton Jones LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after buying an additional 1,892 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $701,000. Gabelli Funds LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 6.0% in the second quarter. Gabelli Funds LLC now owns 18,630 shares of the semiconductor company's stock worth $4,220,000 after buying an additional 1,060 shares during the last quarter. Cary Street Partners Financial LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 19.1% in the second quarter. Cary Street Partners Financial LLC now owns 13,770 shares of the semiconductor company's stock worth $3,119,000 after buying an additional 2,210 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of Taiwan Semiconductor Manufacturing by 12.8% during the 2nd quarter. Bank of Nova Scotia now owns 15,697 shares of the semiconductor company's stock worth $3,556,000 after purchasing an additional 1,784 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Sanford C. Bernstein reissued an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, January 2nd. The Goldman Sachs Group reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, January 5th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $380.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, January 16th. DA Davidson raised Taiwan Semiconductor Manufacturing to a "strong-buy" rating in a research report on Friday, February 13th. Finally, Weiss Ratings raised Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 20th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Buy" and a consensus target price of $391.43.

Insider Buying and Selling

In other Taiwan Semiconductor Manufacturing news, VP Bor-Zen Tien purchased 1,000 shares of the firm's stock in a transaction that occurred on Sunday, March 22nd. The shares were acquired at an average cost of $55.93 per share, for a total transaction of $55,930.00. Following the transaction, the vice president directly owned 9,051 shares in the company, valued at approximately $506,222.43. The trade was a 12.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.11% of the stock is currently owned by company insiders.

Taiwan Semiconductor Manufacturing Trading Up 0.8%

TSM stock opened at $344.62 on Wednesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $137.90 and a 1-year high of $390.20. The firm has a market cap of $1.79 trillion, a P/E ratio of 32.36, a P/E/G ratio of 0.93 and a beta of 1.35. The business's 50 day moving average is $349.46 and its 200-day moving average is $317.04. The company has a current ratio of 2.62, a quick ratio of 2.42 and a debt-to-equity ratio of 0.17.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 EPS for the quarter. The business had revenue of $30.65 billion for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.89% and a net margin of 45.13%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be given a dividend of $0.9503 per share. The ex-dividend date is Thursday, June 11th. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 28.17%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC's service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

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