Taiwan Semiconductor Manufacturing Company Ltd. $TSM Holdings Increased by North of South Capital LLP

Key Points

• North of South Capital increased its TSMC stake by 3.9% in the third quarter, to 343,728 shares valued at about $156.8 million; TSMC is 10.8% of the fund’s portfolio.
• TSMC beat quarterly earnings and revenue expectations, with EPS of $4.60 and revenue of $46.72 billion; revenue rose 41.2% year over year. The company also raised its quarterly dividend to $1.3663 per share.
• Analysts’ consensus rating was Buy, with an average price target of $533.89. Shares were trading at $399.50 in the article’s cited session.

North of South Capital LLP boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,728 shares of the semiconductor company's stock after acquiring an additional 12,771 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 10.8% of North of South Capital LLP's portfolio, making the stock its 4th largest position. North of South Capital LLP's holdings in Taiwan Semiconductor Manufacturing were worth $156,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Tiger Global Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 49.4% in the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock worth $1,880,717,000 after purchasing an additional 1,839,600 shares during the last quarter. Fundsmith LLP acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $548,465,000. Assenagon Asset Management S.A. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $490,461,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $444,923,000. Finally, Aberdeen Group plc lifted its holdings in Taiwan Semiconductor Manufacturing by 449.6% during the 3rd quarter. Aberdeen Group plc now owns 642,465 shares of the semiconductor company's stock valued at $293,086,000 after purchasing an additional 525,566 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded down $5.99 during trading hours on Friday, hitting $399.50. 10,704,547 shares of the company's stock were exchanged, compared to its average volume of 14,768,286. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $266.82 and a 52 week high of $487.47. The stock has a market cap of $2.07 trillion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. The stock's 50-day moving average is $430.12 and its 200-day moving average is $402.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.45 by $0.15. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The business had revenue of $46.72 billion during the quarter, compared to analysts' expectations of $45.67 billion. During the same period in the previous year, the business posted $2.92 earnings per share. The firm's revenue for the quarter was up 41.2% compared to the same quarter last year. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 8th. Shareholders of record on Thursday, March 11th will be issued a dividend of $1.3663 per share. The ex-dividend date of this dividend is Thursday, March 11th. This represents a $5.47 dividend on an annualized basis and a yield of 1.4%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.0854. Taiwan Semiconductor Manufacturing's payout ratio is currently 22.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TSM shares. Weiss Ratings lowered shares of Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a research report on Wednesday, November 4th. Needham & Company LLC raised their price objective on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a "buy" rating in a report on Thursday, October 15th. DA Davidson reaffirmed a "buy" rating and set a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 16th. Stifel Nicolaus started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They issued a "buy" rating and a $515.00 target price for the company. Finally, Wall Street Zen downgraded Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $533.89.

Top Taiwan Semiconductor Manufacturing Stories

Investors following TSM have been watching these stories:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year. The strong growth points to continued demand for AI chips and supports expectations that the company’s capacity investments can sustain expansion. Article: TSMC Just Booked a Record NT$587 Billion Month
• Neutral Sentiment: NVIDIA’s leadership shake-up is adding uncertainty across chip stocks. TSMC may benefit from serving multiple chip designers, but tighter export controls could create broader industry headwinds. NVIDIA’s November 17 earnings report is a near-term test of AI-chip demand. Article: Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
• Negative Sentiment: TSMC confirmed that current and former employees’ personal data was exposed through a cloud provider. Reports say hackers are demanding 3 bitcoin over about 46,000 records, raising cybersecurity and reputational concerns. Article: TSMC Confirms Employee Data Leak Through Cloud Provider

Insider Activity

In related news, Director Michael R. Splinter bought 840 shares of the company's stock in a transaction on Thursday, November 5th. The stock was bought at an average cost of $357.00 per share, with a total value of $299,880.00. Following the completion of the purchase, the director owned 8,405 shares in the company, valued at approximately $3,000,585. The trade was a 11.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lipen Yuan bought 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Sunday, November 1st. The shares were bought at an average price of $71.49 per share, for a total transaction of $71,490.00. Following the completion of the transaction, the vice president directly owned 8,000 shares of the company's stock, valued at $571,920. This represents a 14.29% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 7,869 shares of company stock valued at $823,771 in the last 90 days. Corporate insiders own 1.11% of the company's stock.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a semiconductor foundry that manufactures chips designed by other companies. It provides wafer fabrication and related services, including advanced packaging, serving customers across industries such as computing, communications, automotive and consumer electronics. Founded in 1987 and headquartered in Hsinchu, Taiwan, TSMC helped establish the dedicated foundry model, in which a manufacturer focuses on producing semiconductors for customers rather than selling its own chip designs.

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