Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Purchased by BOCHK Asset Management Ltd

Key Points

• BOCHK Asset Management increased its TSMC stake by 68% in the third quarter, purchasing 8,951 additional shares for a total position of 22,116 shares valued at approximately $10.1 million.
• TSMC reported strong quarterly results, with EPS of $4.60 and revenue of $46.72 billion, beating estimates and reflecting 41.2% year-over-year revenue growth driven by demand for advanced chips and AI infrastructure.
• The company cut its quarterly dividend to $1.0854 per share from $1.1136, while analysts maintained a broadly bullish outlook with an average “Buy” rating and a $528.78 price target.

BOCHK Asset Management Ltd lifted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 68.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,116 shares of the semiconductor company's stock after purchasing an additional 8,951 shares during the period. Taiwan Semiconductor Manufacturing makes up 1.4% of BOCHK Asset Management Ltd's holdings, making the stock its 15th biggest holding. BOCHK Asset Management Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $10,089,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 12.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 886 shares of the semiconductor company's stock valued at $404,000 after acquiring an additional 101 shares during the last quarter. Frederick Financial Consultants LLC boosted its stake in Taiwan Semiconductor Manufacturing by 9.6% in the third quarter. Frederick Financial Consultants LLC now owns 917 shares of the semiconductor company's stock valued at $418,000 after acquiring an additional 80 shares in the last quarter. Signature Equity Partners LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. Signature Equity Partners LLC now owns 1,117 shares of the semiconductor company's stock worth $510,000 after purchasing an additional 51 shares during the last quarter. Summit Wealth Group LLC Co. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 54.1% during the third quarter. Summit Wealth Group LLC Co. now owns 6,619 shares of the semiconductor company's stock worth $3,020,000 after purchasing an additional 2,323 shares during the last quarter. Finally, One Way Holdings LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 39.7% during the third quarter. One Way Holdings LLC now owns 1,792 shares of the semiconductor company's stock worth $817,000 after purchasing an additional 509 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Taiwan Semiconductor Manufacturing

In related news, VP Lipen Yuan purchased 350 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average cost of $73.58 per share, with a total value of $25,753.00. Following the completion of the acquisition, the vice president directly owned 2,000 shares in the company, valued at $147,160. This trade represents a 21.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased a total of 6,043 shares of company stock worth $457,926 in the last three months. 1.11% of the stock is owned by corporate insiders.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $398.71 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The firm has a 50-day simple moving average of $434.60 and a 200-day simple moving average of $399.83. 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 (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $46.72 billion for the quarter, compared to analysts' expectations of $45.67 billion. During the same quarter in the previous year, the firm posted $2.92 EPS. The firm's revenue for the quarter was up 41.2% on a year-over-year basis. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Thursday, December 10th will be paid a dividend of $1.0854 per share. This represents a $4.34 annualized dividend and a dividend yield of 1.1%. This is a drop from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. The ex-dividend date is Thursday, December 10th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 22.27%.

More Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Strong demand for advanced chips and AI infrastructure continues to support TSMC’s outlook. Recent coverage highlights a 33.2% one-year gain, advanced technology leadership, global manufacturing expansion and third-quarter revenue growth of 41.2%. TSM Soars 33% in the Past Year: Is It a Solid Investment Proposition?
• Positive Sentiment: Analysts’ average price target of $528.78 implies further upside from the reported trading level, reinforcing the bullish view based on TSMC’s earnings power and AI exposure. Taiwan Semiconductor Manufacturing Company Ltd. Stock Has Average Price Target of $528.78 According to Analysts
• Positive Sentiment: TSMC could gain a larger role in Elon Musk’s proposed Terafab venture if Musk softens his reported demand for control, potentially creating an additional strategic opportunity for the chipmaker. Musk may soften Terafab control stance in fresh TSMC talks
• Neutral Sentiment: Investors are also assessing TSMC’s continued investment in Taiwan and its expanding overseas manufacturing footprint, which may strengthen supply-chain resilience but require substantial capital spending. What’s Going on With Taiwan Semiconductor Stock on Monday?
• Negative Sentiment: Eight ETFs sold a net $81 million of TSMC shares, adding near-term supply and potentially weighing on the stock despite its strong long-term fundamentals. 8 ETFs Cut Taiwan Semiconductor Holdings

Wall Street Analysts Forecast Growth

TSM has been the subject of several research reports. Zacks Research raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Stifel Nicolaus assumed coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, September 1st. They issued a "buy" rating and a $515.00 target price for the company. Weiss Ratings upgraded Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, October 21st. Sanford C. Bernstein lifted their price target on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 11th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an "overweight" rating in a research note on Friday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Buy" and an average price target of $528.78.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a dedicated semiconductor foundry headquartered in Hsinchu, Taiwan. The company manufactures integrated circuits for customers that design their own chips, allowing semiconductor, electronics, and technology companies to outsource production rather than operate their own fabrication facilities.

TSMC provides wafer fabrication services across a broad range of process technologies, including advanced nodes used in high-performance computing, smartphones, automotive systems, and artificial intelligence applications.

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