Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Keybank National Association OH

Key Points

• Keybank National Association OH cut its TSMC stake by 11.6%, selling 4,410 shares and retaining 33,701 shares valued at about $15.4 million.
• TSMC reported quarterly EPS of $4.60, topping estimates of $4.45, while revenue rose 41.2% year over year to $46.72 billion.
• The company raised its quarterly dividend to $1.3663 per share. Analysts maintain a consensus “Buy” rating, with an average price target of $533.89.

Keybank National Association OH cut its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 11.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,701 shares of the semiconductor company's stock after selling 4,410 shares during the quarter. Keybank National Association OH's holdings in Taiwan Semiconductor Manufacturing were worth $15,374,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 200.0% in the 3rd quarter. Fiduciary Advisors Inc. now owns 60 shares of the semiconductor company's stock worth $27,000 after buying an additional 40 shares during the last quarter. Cedar Mountain Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 88.2% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company's stock valued at $31,000 after buying an additional 30 shares during the period. Markowski Investments acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $33,000. Heritage Family Offices LLP acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $37,000. Finally, Curry Webb Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Insider Activity

In other news, Director Michael R. Splinter acquired 840 shares of the company's stock in a transaction that occurred on Thursday, November 5th. The shares were acquired at an average price of $357.00 per share, with a total value of $299,880.00. Following the acquisition, the director directly owned 8,405 shares in the company, valued at approximately $3,000,585. The trade was a 11.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lipen Yuan acquired 1,000 shares of the company's stock in a transaction that occurred on Sunday, November 1st. The stock was purchased at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the acquisition, the vice president owned 8,000 shares in the company, valued at approximately $571,920. This trade represents a 14.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 7,869 shares of company stock valued at $823,771 in the last 90 days. Insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $412.74 on Thursday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $266.82 and a 12 month high of $487.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. The stock has a fifty day moving average price of $430.67 and a 200 day moving average price of $401.82. The company has a market cap of $2.14 trillion, a P/E ratio of 26.56, a PEG ratio of 0.79 and a beta of 1.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.45 by $0.15. The company had revenue of $46.72 billion for the quarter, compared to analysts' expectations of $45.67 billion. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The firm's quarterly revenue was up 41.2% compared to the same quarter last year. During the same period last year, the business posted $2.92 earnings per share. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.46 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, April 8th. Stockholders of record on Thursday, March 11th will be given a dividend of $1.3663 per share. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.0854. This represents a $5.47 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, March 11th. Taiwan Semiconductor Manufacturing's payout ratio is currently 22.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an "overweight" rating in a research report on Friday, October 16th. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a "hold" rating in a report on Friday, July 17th. DA Davidson restated a "buy" rating and issued a $500.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 16th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Finally, Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a "positive" rating in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Buy" and an average price target of $533.89.

Taiwan Semiconductor Manufacturing News Roundup

Here's some of the latest news about TSM:

• Positive Sentiment: The board approved investments of up to $1 billion combined in OpenAI and Anthropic. Investors may see the stakes as a way to strengthen ties with major AI customers and broaden TSMC’s exposure to the AI expansion, although the investments are not chip sales. TSMC approves up to $1 billion investment plan in Anthropic and OpenAI
• Neutral Sentiment: Analyst coverage remains generally bullish, and some commentary argues TSMC is attractive after the chip-sector sell-off. However, brokerage recommendations can be optimistic, so they are less concrete catalysts than the company’s sales figures. Is it worth investing in TSMC based on Wall Street's bullish views?
• Negative Sentiment: AI stocks remain volatile after a sector sell-off. TSMC’s strong sales may also raise expectations, leaving the stock vulnerable if future demand or guidance falls short of the elevated growth outlook. AI sell-off: Buy ANET, TSM and MU?

Taiwan Semiconductor Manufacturing Profile

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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