Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stake Lifted by Thoroughbred Financial Services LLC

Key Points

• Thoroughbred Financial Services increased its stake in TSMC by 2.4% in the fourth quarter, bringing its position to 95,208 shares valued at about $28.9 million.
• Several other major institutional investors also boosted holdings, and hedge funds and other institutions now own 16.51% of Taiwan Semiconductor Manufacturing’s stock.
• Analysts remain bullish on TSMC amid strong AI-related demand, with multiple price target hikes and a consensus rating of Buy; the company also recently raised its quarterly dividend to $1.1136 per share.

Thoroughbred Financial Services LLC grew its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 2.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 95,208 shares of the semiconductor company's stock after acquiring an additional 2,201 shares during the period. Taiwan Semiconductor Manufacturing comprises about 1.7% of Thoroughbred Financial Services LLC's holdings, making the stock its 7th largest holding. Thoroughbred Financial Services LLC's holdings in Taiwan Semiconductor Manufacturing were worth $28,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSM. Fisher Asset Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.8% in the 4th quarter. Fisher Asset Management LLC now owns 18,146,900 shares of the semiconductor company's stock worth $5,514,662,000 after purchasing an additional 313,773 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.9% in the 3rd quarter. Bank of America Corp DE now owns 14,935,893 shares of the semiconductor company's stock worth $4,171,445,000 after purchasing an additional 130,173 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 6.4% in the 4th quarter. Jennison Associates LLC now owns 13,394,299 shares of the semiconductor company's stock worth $4,070,393,000 after purchasing an additional 802,757 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.2% in the 3rd quarter. Alliancebernstein L.P. now owns 10,687,037 shares of the semiconductor company's stock worth $2,984,783,000 after purchasing an additional 229,237 shares in the last quarter. Finally, WCM Investment Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 10,090,519 shares of the semiconductor company's stock worth $2,757,033,000 after purchasing an additional 31,860 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: TSMC may raise 3nm process prices by up to 15% in the second half, with another possible 10% increase next year, which would support revenue and margins. Report: Taiwan Semiconductor Manufacturing Company Ltd. (TSM.US) to Raise 3nm Process Prices by Up to 15% in 2H, May Hike Another 10% Next Year
• Positive Sentiment: News that Nvidia is strengthening its AI chip alliance with TSMC adds to confidence that demand for advanced manufacturing remains strong. Nvidia’s (NVDA) Jensen Huang Looks to Strengthen the AI Chip Alliance with SK Hynix and TSMC
• Positive Sentiment: Coverage saying TSMC is scaling up 3nm capacity to meet surging AI demand reinforces the view that growth remains robust. Here's How Taiwan Semiconductor Is Scaling Up to Meet Surging AI Demand
• Positive Sentiment: Reports of a 30% increase in employee profit-sharing, tied to strong earnings and AI demand, signal business strength and investor-friendly momentum. Taiwan Semiconductor (TSM) Stock Surges 5% Following Major Employee Profit-Sharing Increase
• Neutral Sentiment: Broader market and semiconductor-sector strength, especially after strong AI-chip demand commentary, is also helping keep TSM supported. NVDA Gains 23.5% Since April, TSM Up 19.7%: What's Driving the Rally?

Analysts Set New Price Targets

TSM has been the topic of a number of analyst reports. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $450.00 to $470.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. Wedbush reissued an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, February 11th. DA Davidson reissued a "buy" rating and issued a $450.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 17th. Weiss Ratings raised Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 20th. Finally, Needham & Company LLC boosted their price target on Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Buy" and an average price target of $404.29.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $422.35 on Thursday. The stock has a market capitalization of $2.19 trillion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 1.20 and a beta of 1.39. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $190.56 and a 12-month high of $430.55. The company has a current ratio of 2.49, a quick ratio of 2.31 and a debt-to-equity ratio of 0.16. The stock's 50 day simple moving average is $375.08 and its 200 day simple moving average is $341.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. The business had revenue of $30.65 billion for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 36.81% and a net margin of 46.97%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.28 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be given a $1.1136 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.45 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is currently 24.71%.

Insider Activity at Taiwan Semiconductor Manufacturing

In related news, VP Tzu-Sou Chuang sold 200,000 shares of the company's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $69.83, for a total value of $13,966,000.00. Following the transaction, the vice president directly owned 2,495,165 shares of the company's stock, valued at approximately $174,237,371.95. This represents a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bor-Zen Tien acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $69.91 per share, for a total transaction of $139,820.00. Following the completion of the transaction, the vice president directly owned 11,051 shares in the company, valued at $772,575.41. This represents a 22.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 3,346 shares of company stock worth $218,005 over the last ninety days. 1.11% of the stock is currently owned by insiders.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC's service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

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