Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 12.4%, holding now 1,245,451 shares worth approximately $206.7 million.
• Other hedge funds such as Epoch Investment Partners Inc. and Soros Capital Management LLC increased their stakes, showing a mixed sentiment among institutional investors in the semiconductor sector.
• Taiwan Semiconductor Manufacturing recently reported $2.47 earnings per share for the quarter, exceeding analyst estimates and demonstrating a 44.4% year-over-year revenue growth.

Rafferty Asset Management LLC reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 12.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,245,451 shares of the semiconductor company's stock after selling 176,324 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 0.9% of Rafferty Asset Management LLC's portfolio, making the stock its 26th biggest holding. Rafferty Asset Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $206,745,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Epoch Investment Partners Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 57.7% during the 1st quarter. Epoch Investment Partners Inc. now owns 770,758 shares of the semiconductor company's stock worth $127,946,000 after acquiring an additional 281,988 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $7,585,000. Bank of Hawaii increased its holdings in shares of Taiwan Semiconductor Manufacturing by 23.5% during the 1st quarter. Bank of Hawaii now owns 10,192 shares of the semiconductor company's stock worth $1,692,000 after buying an additional 1,938 shares during the last quarter. Soros Capital Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 14.5% in the 1st quarter. Soros Capital Management LLC now owns 174,300 shares of the semiconductor company's stock valued at $28,934,000 after purchasing an additional 22,135 shares during the last quarter. Finally, Full Sail Capital LLC increased its holdings in Taiwan Semiconductor Manufacturing by 13.4% in the 1st quarter. Full Sail Capital LLC now owns 2,986 shares of the semiconductor company's stock valued at $496,000 after purchasing an additional 352 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 1.1%

Shares of TSM opened at $235.63 on Tuesday. The firm has a market cap of $1.22 trillion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.19. The company's fifty day moving average is $232.96 and its two-hundred day moving average is $198.92. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $248.28. The company has a quick ratio of 2.15, a current ratio of 2.37 and a debt-to-equity ratio of 0.20.

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

Wall Street Analyst Weigh In

TSM has been the subject of several research reports. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research note on Monday, July 14th. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday. Needham & Company LLC restated a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Barclays restated an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $258.33.

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.

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