RDA Financial Network Sells 7,699 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• RDA Financial Network reduced its holdings in Taiwan Semiconductor Manufacturing Company by 62.4%, now owning shares worth approximately $1.05 million after selling 7,699 shares in the second quarter.
• Several institutional investors increased their stakes in TSM, including City Holding Co., which raised its stake by 238.0% in the first quarter.
• Analysts have set a favorable outlook for TSM, with Barclays raising its price target to $240, while Needham set a target of $270 and most analysts rating the stock as a "Buy."

RDA Financial Network trimmed its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 62.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,643 shares of the semiconductor company's stock after selling 7,699 shares during the period. RDA Financial Network's holdings in Taiwan Semiconductor Manufacturing were worth $1,052,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. McLean Asset Management Corp acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter worth about $224,000. Trust Co of the South boosted its stake in Taiwan Semiconductor Manufacturing by 1.6% in the second quarter. Trust Co of the South now owns 7,926 shares of the semiconductor company's stock valued at $1,795,000 after acquiring an additional 125 shares during the period. Fiduciary Financial Group LLC boosted its stake in Taiwan Semiconductor Manufacturing by 6.8% in the second quarter. Fiduciary Financial Group LLC now owns 1,604 shares of the semiconductor company's stock valued at $360,000 after acquiring an additional 102 shares during the period. City Center Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $218,000. Finally, Michael S. Ryan Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.7% during the second quarter. Michael S. Ryan Inc. now owns 3,239 shares of the semiconductor company's stock worth $734,000 after buying an additional 53 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reiterated an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Needham & Company LLC reiterated a "buy" rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Finally, Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Buy" and an average target price of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded up $0.36 during trading on Friday, reaching $259.27. The stock had a trading volume of 8,486,996 shares, compared to its average volume of 10,630,542. The firm has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $264.58. The stock has a 50 day moving average of $238.56 and a two-hundred day moving average of $202.97.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. The firm had revenue of $30.07 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 44.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 earnings per share. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal 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 given a dividend of $0.8348 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. The ex-dividend date is Thursday, December 11th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.3%. Taiwan Semiconductor Manufacturing's payout ratio is currently 28.16%.

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.