Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Integrated Advisors Network LLC

Key Points

• Integrated Advisors Network LLC cut its TSMC stake by 19.2% in the first quarter, selling 4,406 shares and leaving it with 18,501 shares worth about $6.25 million.
• Despite some mixed insider and fund activity, institutional investors remain heavily involved, and analysts still lean bullish: the stock currently carries a consensus Buy rating with a target price of about $449.38.
• TSMC continues to show strong operating momentum, with its latest quarter beating EPS expectations and revenue rising 40.6% year over year; the company also raised its quarterly dividend to $1.1136 per share.

Integrated Advisors Network LLC reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 19.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 18,501 shares of the semiconductor company's stock after selling 4,406 shares during the period. Integrated Advisors Network LLC's holdings in Taiwan Semiconductor Manufacturing were worth $6,252,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its position in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 18,146,900 shares of the semiconductor company's stock worth $5,514,662,000 after buying an additional 313,773 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 11.1% in the fourth quarter. Van ECK Associates Corp now owns 17,464,962 shares of the semiconductor company's stock valued at $5,307,428,000 after acquiring an additional 1,750,824 shares during the period. Bank of America Corp DE boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.5% in the fourth quarter. Bank of America Corp DE now owns 15,902,819 shares of the semiconductor company's stock valued at $4,832,708,000 after acquiring an additional 966,926 shares during the period. Jennison Associates LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 6.4% during the fourth quarter. Jennison Associates LLC now owns 13,394,299 shares of the semiconductor company's stock worth $4,070,393,000 after acquiring an additional 802,757 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Taiwan Semiconductor Manufacturing by 2.2% during the third quarter. Alliancebernstein L.P. now owns 10,687,037 shares of the semiconductor company's stock worth $2,984,783,000 after acquiring an additional 229,237 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSM has been the subject of several research reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, June 17th. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $500.00 to $575.00 and gave the stock a "positive" rating in a research report on Monday, June 22nd. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Sunday, March 22nd. Zacks Research cut shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "hold" rating in a report on Monday, March 16th. Finally, Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the company a "buy" rating in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Buy" and a consensus target price of $449.38.

Taiwan Semiconductor Manufacturing News Summary

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

• Positive Sentiment: TSMC’s AI-related foundry demand remains very strong, with its 3nm capacity reported at full utilization and price increases on advanced nodes helping expand margins. Silicon Starvation: Amazon Feasts on Legacy GPUs
• Positive Sentiment: Several recent articles say investors are rotating into AI chip and memory stocks, reinforcing the broader semiconductor rally and supporting TSMC’s valuation. The AI Trade Is Off to a Hot Start This Week as Chip, Memory Stocks Surge
• Positive Sentiment: Analysts continue to highlight TSMC as a key winner in AI supply chains, with recent notes pointing to strong growth in advanced logic wafer demand and rising price targets. Is Taiwan Semiconductor Manufacturing (TSM) One of the Top AI Stocks to Buy According to Philippe Laffont?
• Neutral Sentiment: Goldman Sachs reportedly turned more cautious on TSMC, which could weigh on sentiment even though the article does not detail the full reasoning. Goldman Sachs turns its back on major semiconductor stock Taiwan Semiconductor Manufacturing

Insiders Place Their Bets

In other news, VP Tzu-Sou Chuang sold 200,000 shares of the business's stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $69.83, for a total transaction of $13,966,000.00. Following the transaction, the vice president directly owned 2,495,165 shares in the company, valued at $174,237,371.95. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Bor-Zen Tien purchased 2,000 shares of the business's stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average cost of $69.91 per share, with a total value of $139,820.00. Following the completion of the acquisition, the vice president directly owned 11,051 shares of the company's stock, valued at $772,575.41. This represents a 22.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 5,496 shares of company stock worth $404,567. 1.11% of the stock is owned by insiders.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded down $22.82 during trading on Tuesday, reaching $428.97. The company had a trading volume of 5,291,413 shares, compared to its average volume of 13,906,723. The firm has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 1.09 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.49 and a quick ratio of 2.31. The stock's fifty day moving average price is $421.78 and its 200 day moving average price is $369.10. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $223.70 and a fifty-two week high of $479.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Wednesday, April 15th. The semiconductor company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.31 by $0.18. Taiwan Semiconductor Manufacturing had a return on equity of 36.81% and a net margin of 46.97%.The business had revenue of $35.49 billion during the quarter, compared to analysts' expectations of $35.47 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. The company's quarterly revenue was up 40.6% compared to the same quarter last year. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.35 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a dividend of $1.1136 per share. This represents a $4.45 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 16th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.95. Taiwan Semiconductor Manufacturing's payout ratio is currently 25.12%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC's service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

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