Southpoint Capital Advisors LP Sells 525,000 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Southpoint Capital Advisors LP significantly reduced its stake in Taiwan Semiconductor Manufacturing Company by 84.0%, selling 525,000 shares and retaining 100,000 shares worth approximately $16.6 million.
• The company experienced a 44.4% year-over-year revenue increase, reporting $30.07 billion for the quarter, along with an earnings per share (EPS) of $2.47, surpassing analyst expectations.
• Taiwan Semiconductor has announced a quarterly dividend increase to $0.8348 per share, reflecting a commitment to returning value to shareholders, with a yield of 1.4%.

Southpoint Capital Advisors LP lowered its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 84.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the semiconductor company's stock after selling 525,000 shares during the period. Southpoint Capital Advisors LP's holdings in Taiwan Semiconductor Manufacturing were worth $16,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. First Heartland Consultants Inc. grew its position in Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after purchasing an additional 50 shares in the last quarter. Formidable Asset Management LLC grew its position in Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after purchasing an additional 50 shares in the last quarter. Connecticut Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after purchasing an additional 55 shares in the last quarter. Brown Shipley& Co Ltd grew its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 1st quarter. Brown Shipley& Co Ltd now owns 3,926 shares of the semiconductor company's stock valued at $652,000 after acquiring an additional 55 shares during the period. Finally, WealthPlan Investment Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.2% during the 1st quarter. WealthPlan Investment Management LLC now owns 1,847 shares of the semiconductor company's stock worth $307,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM traded up $3.07 during trading on Wednesday, reaching $231.46. The company's stock had a trading volume of 7,181,856 shares, compared to its average volume of 9,984,861. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $248.28. The firm has a 50 day moving average price of $235.65 and a 200 day moving average price of $200.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued 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. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 33.37%. The company had revenue of $30.07 billion during the quarter, compared to the consensus estimate of $28.50 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. The firm's quarterly revenue was up 44.4% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be given a $0.8348 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. The ex-dividend date is Thursday, December 11th. This represents a $3.34 annualized dividend and a yield of 1.4%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 28.16%.

Wall Street Analysts Forecast Growth

TSM has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Sunday. Susquehanna boosted their price objective 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. Barclays restated an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, 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. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $258.33.

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.