Contravisory Investment Management Inc. Trims Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Contravisory Investment Management Inc. reduced its stake in Taiwan Semiconductor Manufacturing by 1.8%, now holding 55,363 shares valued at approximately $12.54 million.
• Several hedge funds have increased their investments in Taiwan Semiconductor, including Brighton Jones LLC, which raised its stake by 20.9%, now owning 10,930 shares.
• Taiwan Semiconductor announced an increase in its quarterly dividend to $0.8348 per share, reflecting a commitment to returning value to shareholders.

Contravisory Investment Management Inc. trimmed its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,363 shares of the semiconductor company's stock after selling 1,031 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 2.5% of Contravisory Investment Management Inc.'s investment portfolio, making the stock its 3rd biggest holding. Contravisory Investment Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $12,539,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Westmount Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.2% in the 2nd quarter. Westmount Partners LLC now owns 2,126 shares of the semiconductor company's stock worth $481,000 after acquiring an additional 45 shares in the last quarter. Mirador Capital Partners LP increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.6% in the 2nd quarter. Mirador Capital Partners LP now owns 1,785 shares of the semiconductor company's stock worth $404,000 after acquiring an additional 45 shares in the last quarter. First Heartland Consultants Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.2% in the 4th quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock worth $244,000 after acquiring an additional 50 shares in the last quarter. Formidable Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.2% in the 4th quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock worth $317,000 after acquiring an additional 50 shares in the last quarter. Finally, Michael S. Ryan Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.7% in the 2nd quarter. Michael S. Ryan Inc. now owns 3,239 shares of the semiconductor company's stock worth $734,000 after acquiring an additional 53 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $4.37 during trading on Friday, reaching $264.27. 17,619,494 shares of the company traded hands, compared to its average volume of 10,617,547. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.37 trillion, a PE ratio of 30.13, a P/E/G ratio of 1.28 and a beta of 1.23. The firm has a 50 day simple moving average of $241.95 and a 200-day simple moving average of $205.73. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $270.54.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. The company had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 33.37%. The firm's revenue was up 44.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 earnings per share. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be issued a dividend of $0.8348 per share. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. This represents a $3.34 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 11th. Taiwan Semiconductor Manufacturing's payout ratio is presently 29.42%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TSM shares. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. Needham & Company LLC restated a "buy" rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $286.67.

Taiwan Semiconductor Manufacturing 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.