Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Wealth Enhancement Trust Services Inc.

Key Points

• Wealth Enhancement Trust Services cut its TSMC stake by 68.4% in the third quarter, selling 2,595 shares and retaining 1,200 shares valued at approximately $547,000.
• Other institutional investors increased their holdings, while insiders bought 14,559 shares worth about $1.07 million in the latest quarter. Institutional investors collectively own 16.51% of TSMC.
• TSMC continues to receive favorable analyst coverage, with a consensus “Buy” rating and a $524.89 target price. The company reported strong profitability, but recently reduced its quarterly dividend to $1.0854, yielding about 0.9%.

Wealth Enhancement Trust Services Inc. lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 68.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,200 shares of the semiconductor company's stock after selling 2,595 shares during the quarter. Wealth Enhancement Trust Services Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $547,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Brookstone Capital Management raised its holdings in Taiwan Semiconductor Manufacturing by 87.3% in the 2nd quarter. Brookstone Capital Management now owns 25,143 shares of the semiconductor company's stock worth $12,008,000 after acquiring an additional 11,719 shares during the period. Y Intercept Hong Kong Ltd lifted its position in Taiwan Semiconductor Manufacturing by 273.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 81,189 shares of the semiconductor company's stock worth $27,438,000 after acquiring an additional 59,435 shares during the last quarter. Opal Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 72.5% during the first quarter. Opal Capital LLC now owns 27,767 shares of the semiconductor company's stock valued at $9,384,000 after acquiring an additional 11,666 shares during the period. Western Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 27.4% during the first quarter. Western Wealth Management LLC now owns 27,954 shares of the semiconductor company's stock valued at $9,447,000 after acquiring an additional 6,013 shares during the period. Finally, Elevation Point Wealth Partners LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 306.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 52,397 shares of the semiconductor company's stock valued at $17,728,000 after purchasing an additional 39,514 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Insiders Place Their Bets

In other news, VP Shyue-Shyh Lin acquired 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction on Tuesday, July 21st. The stock was bought at an average price of $74.13 per share, for a total transaction of $74,130.00. Following the transaction, the vice president owned 30,269 shares of the company's stock, valued at $2,243,840.97. The trade was a 3.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Bor-Zen Tien acquired 1,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of $73.06 per share, for a total transaction of $73,060.00. Following the acquisition, the vice president directly owned 14,051 shares in the company, valued at $1,026,566.06. This represents a 7.66% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 14,559 shares of company stock worth $1,067,931. 1.11% of the stock is currently owned by company insiders.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $472.64 on Thursday. The firm's 50-day moving average is $431.08 and its 200-day moving average is $412.62. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $266.82 and a 52-week high of $487.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. The company has a market cap of $2.45 trillion, a price-to-earnings ratio of 34.10, a PEG ratio of 1.07 and a beta of 1.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. The business had revenue of $39.89 billion during the quarter. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.56 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be issued a $1.0854 dividend. This is a negative change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $4.34 annualized dividend and a yield of 0.9%. Taiwan Semiconductor Manufacturing's payout ratio is currently 24.96%.

Taiwan Semiconductor Manufacturing News Roundup

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

• Positive Sentiment: Analyst support remains firm: Goldman Sachs raised its target to TWD 3,300, while Barclays increased its target to $665 and maintained an “overweight” rating. Goldman Sachs raises target for TSM stock
• Positive Sentiment: AI-related demand continues to support TSMC, with analysts highlighting strong expected third-quarter growth, record recent sales, and the ramp of its advanced 2-nanometer process. The October 15 earnings report will likely focus on revenue growth, margins and production plans. TSMC October 15 earnings preview
• Positive Sentiment: TSMC remains a favored AI investment because of its foundry leadership, roughly 45% net margin, dependable earnings and exposure to rising chip demand from customers such as AMD. Top chip stocks for the AI boom
• Neutral Sentiment: Musk said TSMC could potentially sublease part of the Texas Terafab site, but Tesla and SpaceX would retain ownership and operate the facility themselves. Any commercial benefit for TSMC therefore remains uncertain. Musk rules out TSMC operational role
• Negative Sentiment: The lack of an operational role in Terafab, combined with Intel’s confirmed continued participation, removed speculation that TSMC would displace Intel or secure a substantial manufacturing contract. That clarification was the main near-term pressure on TSM shares. Elon Musk rules out potential TSMC role

Analysts Set New Price Targets

TSM has been the topic of a number of recent analyst reports. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday. Sanford C. Bernstein increased their target price on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $650.00 to $665.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Stifel Nicolaus assumed coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, September 1st. They set a "buy" rating and a $515.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $524.89.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's largest dedicated semiconductor foundry. Founded in 1987 by Morris Chang, the company pioneered the pure-play foundry model, producing chips designed by other companies rather than selling products under its own semiconductor brand.

TSMC manufactures a broad range of integrated circuits, including advanced logic chips used in high-performance computing, smartphones, automotive systems, communications equipment, and consumer electronics.

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