Corvex Management LP Increases Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Corvex Management LP increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 54.5%, acquiring an additional 109,500 shares during the first quarter, bringing its total holdings to approximately $51.5 million.
• Recent earnings results from Taiwan Semiconductor showed EPS of $2.47, surpassing estimates of $2.13, with revenue of $30.07 billion, up 44.4% year-over-year.
• The company announced a quarterly dividend of $0.8348, reflecting a boost from the previous dividend amount and showing a payout ratio of 28.16%.

Corvex Management LP raised its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 54.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,354 shares of the semiconductor company's stock after buying an additional 109,500 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.9% of Corvex Management LP's holdings, making the stock its 18th largest position. Corvex Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $51,519,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TSM. City Holding Co. grew its holdings in Taiwan Semiconductor Manufacturing by 238.0% during the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after buying an additional 119 shares in the last quarter. Signature Resources Capital Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 138.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 111 shares during the last quarter. Graybill Wealth Management LTD. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $33,000. Vision Financial Markets LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $33,000. Finally, Keener Financial Planning LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $39,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on TSM. Needham & Company LLC reiterated a "buy" rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. 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 target price (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. Finally, Susquehanna raised their price target 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 investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $258.33.

Taiwan Semiconductor Manufacturing Trading Up 3.3%

TSM stock traded up $7.81 during midday trading on Friday, reaching $243.02. The company's stock had a trading volume of 14,039,042 shares, compared to its average volume of 9,404,776. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37. The stock has a fifty day simple moving average of $236.17 and a two-hundred day simple moving average of $200.87. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $248.28. The firm has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.16 and a beta of 1.23.

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. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The business had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The business's revenue was up 44.4% compared to the same quarter last year. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be paid a $0.8348 dividend. The ex-dividend date is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. This represents a $3.34 dividend on an annualized basis and a yield of 1.4%. Taiwan Semiconductor Manufacturing's payout ratio is 28.16%.

About Taiwan Semiconductor Manufacturing

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.