Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Shikiar Asset Management Inc.

Key Points

• Shikiar Asset Management Inc. reduced its stake in Taiwan Semiconductor Manufacturing Company by 25.9%, resulting in ownership of 34,422 shares worth approximately $7.8 million by the end of Q2.
• Several other investors increased their holdings, with Alliance Wealth Advisors and Pflug Koory LLC raising their stakes by 2.4% and 3.9% respectively during the same quarter.
• Taiwan Semiconductor Manufacturing declared a quarterly dividend of $0.8348, increasing from the previous $0.65, which represents an annualized dividend yield of 1.1%.

Shikiar Asset Management Inc. cut its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 25.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,422 shares of the semiconductor company's stock after selling 12,040 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 2.2% of Shikiar Asset Management Inc.'s investment portfolio, making the stock its 14th biggest holding. Shikiar Asset Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $7,796,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Alliance Wealth Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 2.4% during the 2nd quarter. Alliance Wealth Advisors LLC now owns 1,815 shares of the semiconductor company's stock valued at $411,000 after acquiring an additional 43 shares during the last quarter. Pflug Koory LLC raised its stake in Taiwan Semiconductor Manufacturing by 3.9% during the 2nd quarter. Pflug Koory LLC now owns 1,133 shares of the semiconductor company's stock valued at $257,000 after acquiring an additional 43 shares during the last quarter. Westmount Partners LLC raised its stake in Taiwan Semiconductor Manufacturing by 2.2% during the 2nd quarter. Westmount Partners LLC now owns 2,126 shares of the semiconductor company's stock valued at $481,000 after acquiring an additional 45 shares during the last quarter. Mirador Capital Partners LP raised its stake in Taiwan Semiconductor Manufacturing by 2.6% during the 2nd quarter. Mirador Capital Partners LP now owns 1,785 shares of the semiconductor company's stock valued at $404,000 after acquiring an additional 45 shares during the last quarter. Finally, Matisse Capital raised its stake in Taiwan Semiconductor Manufacturing by 1.3% during the 2nd quarter. Matisse Capital now owns 3,607 shares of the semiconductor company's stock valued at $817,000 after acquiring an additional 46 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TSM shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday. Itau BBA Securities started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday. They set an "outperform" rating for the company. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday. Needham & Company LLC reissued a "buy" rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Finally, Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and an average target price of $288.33.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $299.90 on Friday. The stock has a market cap of $1.56 trillion, a P/E ratio of 34.20, a P/E/G ratio of 1.45 and a beta of 1.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15. The stock's 50 day simple moving average is $255.00 and its 200 day simple moving average is $216.42. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $307.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly 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. The business had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The company's revenue was up 44.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 EPS. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a $0.8348 dividend. The ex-dividend date is Thursday, December 11th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing's payout ratio is currently 29.99%.

Taiwan Semiconductor Manufacturing Company 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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