Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Bought by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its TSMC stake by 1.3% in the third quarter, adding 12,836 shares to reach 1,009,665 shares valued at about $463.6 million.
• Analyst sentiment is broadly positive: the consensus rating is “Buy,” with an average price target of $533.89; Bernstein recently raised its target to $600 and reiterated “outperform.”
• TSMC reported quarterly earnings and revenue above analyst expectations, with revenue up 41.2% year over year. The company declared a quarterly dividend of $1.0854 per share, down from $1.1136.

Allspring Global Investments Holdings LLC increased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,009,665 shares of the semiconductor company's stock after purchasing an additional 12,836 shares during the period. Taiwan Semiconductor Manufacturing comprises about 0.7% of Allspring Global Investments Holdings LLC's investment portfolio, making the stock its 18th largest position. Allspring Global Investments Holdings LLC's holdings in Taiwan Semiconductor Manufacturing were worth $463,638,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cooper Financial Group boosted its stake in Taiwan Semiconductor Manufacturing by 0.3% during the third quarter. Cooper Financial Group now owns 6,313 shares of the semiconductor company's stock worth $2,880,000 after buying an additional 22 shares in the last quarter. Dickmeyer Boyce Financial Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 3rd quarter. Dickmeyer Boyce Financial Management Inc. now owns 3,459 shares of the semiconductor company's stock worth $1,578,000 after acquiring an additional 23 shares during the period. Whelan Financial lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.3% during the 3rd quarter. Whelan Financial now owns 1,040 shares of the semiconductor company's stock worth $474,000 after acquiring an additional 23 shares during the period. Plan A Wealth LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.9% during the 3rd quarter. Plan A Wealth LLC now owns 2,735 shares of the semiconductor company's stock valued at $1,248,000 after acquiring an additional 24 shares in the last quarter. Finally, Graves Light Lenhart Wealth Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.4% during the 2nd quarter. Graves Light Lenhart Wealth Inc. now owns 752 shares of the semiconductor company's stock valued at $359,000 after acquiring an additional 25 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Needham & Company LLC raised their price target on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a "buy" rating in a research note on Thursday, October 15th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an "overweight" rating in a research note on Friday, October 16th. Sanford C. Bernstein lifted their price objective on Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the company an "outperform" rating in a report on Wednesday, November 4th. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $533.89.

Insiders Place Their Bets

In other news, VP Lipen Yuan acquired 1,000 shares of the company's stock in a transaction dated Sunday, November 1st. The stock was bought at an average price of $71.49 per share, with a total value of $71,490.00. Following the completion of the acquisition, the vice president owned 8,000 shares in the company, valued at approximately $571,920. This represents a 14.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 5,428 shares of company stock worth $411,021 over the last quarter. 1.11% of the stock is currently owned by corporate insiders.

Key Stories Impacting Taiwan Semiconductor Manufacturing

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

• Positive Sentiment: Taiwan tightened short-selling rules and prepared a reported $15 billion fund to support its markets, helping lift TSMC shares in premarket trading after the regional chip rout. Benzinga article
• Positive Sentiment: Nvidia reportedly wants TSMC to make advanced memory chips. If TSMC pursues the opportunity, it could broaden its role in AI hardware and deepen ties with a major customer; the report describes a possibility, not a confirmed project. TipRanks article
• Positive Sentiment: Sanford C. Bernstein raised its price target to $600 from $554 and reiterated an “outperform” rating, signaling confidence in TSMC’s prospects despite the recent sector weakness. MarketBeat analyst update
• Neutral Sentiment: TSMC’s position as a leading manufacturer for Nvidia, AMD and other chip designers supports exposure to AI demand across competing customers. Some coverage also argues the shares trade below their usual valuation range, though that does not ensure a near-term recovery. The Motley Fool article
• Negative Sentiment: The rebound follows a steep regional chip-stock selloff amid worries about AI valuations, spending expectations and growth. That market-wide pressure could keep TSM volatile even as its manufacturing business benefits from AI demand. 24/7 Wall St. article

Taiwan Semiconductor Manufacturing Stock Down 0.1%

Shares of NYSE:TSM opened at $375.15 on Monday. The company's fifty day moving average is $431.68 and its 200-day moving average is $400.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $266.82 and a 52 week high of $487.47. The company has a market capitalization of $1.95 trillion, a PE ratio of 24.14, a P/E/G ratio of 0.76 and a beta of 1.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.45 by $0.15. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The business had revenue of $46.72 billion during the quarter, compared to analysts' expectations of $45.67 billion. During the same quarter last year, the company posted $2.92 EPS. The firm's revenue for the quarter was up 41.2% on a year-over-year basis. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be paid a dividend of $1.0854 per share. This is a negative change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. This represents a $4.34 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 10th. Taiwan Semiconductor Manufacturing's payout ratio is currently 22.27%.

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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