Summit Financial LLC Buys 21,375 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Summit Financial LLC significantly increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 56.9%, acquiring an additional 21,375 shares for a total worth of approximately $9.79 million at the end of the most recent quarter.
• Goldman Sachs and Price T. Rowe Associates also boosted their holdings in Taiwan Semiconductor, with Goldman Sachs increasing its position by 55.6% and Price T. Rowe expanding by 67.0% in recent quarters.
• Taiwan Semiconductor's stock opened at $228.73 and reported a 44.4% year-over-year revenue increase, with earnings per share (EPS) of $2.47, surpassing analysts' expectations.

Summit Financial LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 56.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,957 shares of the semiconductor company's stock after purchasing an additional 21,375 shares during the quarter. Summit Financial LLC's holdings in Taiwan Semiconductor Manufacturing were worth $9,787,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TSM. Goldman Sachs Group Inc. boosted its position in Taiwan Semiconductor Manufacturing by 55.6% during the first quarter. Goldman Sachs Group Inc. now owns 17,306,108 shares of the semiconductor company's stock worth $2,872,814,000 after purchasing an additional 6,180,445 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Taiwan Semiconductor Manufacturing by 67.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock worth $2,047,065,000 after purchasing an additional 4,158,772 shares during the period. Nuveen LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $482,676,000. Jennison Associates LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 36.8% in the first quarter. Jennison Associates LLC now owns 9,509,032 shares of the semiconductor company's stock valued at $1,578,499,000 after acquiring an additional 2,559,512 shares during the period. Finally, Sarasin & Partners LLP bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $362,773,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $228.7310 on Thursday. The business has a fifty day simple moving average of $231.88 and a 200 day simple moving average of $198.47. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.11 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating analysts' consensus estimates 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%.Taiwan Semiconductor Manufacturing's revenue was up 44.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Analyst Upgrades and Downgrades

TSM has been the subject of several research reports. Needham & Company LLC reissued a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Buy" and a consensus price target of $258.33.

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.

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