Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Bought by Bahl & Gaynor LLC

Key Points

• Bahl & Gaynor increased its TSMC stake by 16.4% in the third quarter, buying 231,157 shares to reach 1.64 million shares valued at about $746.7 million. TSMC is now the firm’s third-largest holding.
• Other investors also adjusted or initiated positions, and institutional investors and hedge funds collectively own 16.51% of TSMC’s stock.
• TSMC reported quarterly revenue of $46.72 billion, up 41.2% year over year, and earnings per share of $4.60, beating estimates. Analysts’ consensus rating is “Buy,” with an average price target of $533.89, though one firm downgraded the shares to “Hold.”

Bahl & Gaynor LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 16.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,636,856 shares of the semiconductor company's stock after purchasing an additional 231,157 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 3.5% of Bahl & Gaynor LLC's investment portfolio, making the stock its 3rd biggest holding. Bahl & Gaynor LLC's holdings in Taiwan Semiconductor Manufacturing were worth $746,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in TSM. Brooklyn FI LLC acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter worth $1,014,000. AMG National Trust Bank lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.8% in the third quarter. AMG National Trust Bank now owns 27,435 shares of the semiconductor company's stock valued at $12,516,000 after buying an additional 229 shares in the last quarter. Moneco Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% in the third quarter. Moneco Advisors LLC now owns 9,256 shares of the semiconductor company's stock valued at $4,223,000 after buying an additional 184 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 10.5% during the third quarter. Mesirow Financial Investment Management Inc. now owns 9,887 shares of the semiconductor company's stock valued at $4,511,000 after buying an additional 940 shares during the last quarter. Finally, 626 Financial LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at about $258,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Key Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: TSMC reported October revenue of NT$586.89 billion, up 59.7% year over year and 14.7% from September. The strong result, attributed to demand for advanced chips, points to solid momentum heading into the fourth quarter; the company has guided for quarterly revenue of up to $54.3 billion. TSMC's October sales jump as global chip boom rolls on
• Positive Sentiment: Analyst and investing coverage highlighted TSMC’s position as a key supplier for AI chips, with demand from customers including Nvidia and Apple. Some commentary also described the shares as undervalued following the semiconductor sell-off, which could attract investors if growth continues. TSMC Sales Jump Again as Nvidia and Apple Orders Keep the AI Chip Boom Going
• Positive Sentiment: Reports say TSMC plans to invest up to $1 billion, split between Anthropic and OpenAI. The move signals confidence in AI’s growth, though the investment’s direct financial contribution to TSMC is not yet clear. TSMC to invest up to $1 billion in Anthropic and OpenAI
• Neutral Sentiment: Some coverage suggests TSMC shares could be about 7% undervalued, while another notes the company’s fab expansion plans. Such expansion supports future capacity but also requires substantial investment. TSM Stock Could Be 7% Undervalued Despite Fab Expansion Plans
• Negative Sentiment: Recent AI-stock volatility remains a risk, and Wedbush reportedly says the strong sales update sets a high bar for TSMC. Shares may be vulnerable if future results or guidance fail to match elevated growth expectations. Wedbush Has a Strong Message for TSMC Stock Fans

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings downgraded shares of Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a research report on Wednesday, November 4th. Sanford C. Bernstein raised their price target on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the company an "outperform" rating in a research report on Wednesday, November 4th. Stifel Nicolaus began coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They set a "buy" rating and a $515.00 price target for the company. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a "hold" rating in a report on Friday, July 17th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an "overweight" rating in a report on Friday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Buy" and a consensus price target of $533.89.

Insider Activity

In other news, VP Lipen Yuan purchased 1,000 shares of the business's stock in a transaction that occurred on Sunday, November 1st. The shares were acquired at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the completion of the acquisition, the vice president owned 8,000 shares in the company, valued at $571,920. This trade represents a 14.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Splinter acquired 840 shares of Taiwan Semiconductor Manufacturing stock in a transaction on Thursday, November 5th. The stock was purchased at an average cost of $357.00 per share, with a total value of $299,880.00. Following the completion of the transaction, the director directly owned 8,405 shares in the company, valued at $3,000,585. This represents a 11.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 7,869 shares of company stock worth $823,771. 1.11% of the stock is owned by corporate insiders.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $396.56 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.06 trillion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The stock's fifty day simple moving average is $430.71 and its two-hundred day simple moving average is $401.43. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $266.82 and a 1-year high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.15. The firm had revenue of $46.72 billion during the quarter, compared to analyst estimates of $45.67 billion. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The business's revenue was up 41.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.92 EPS. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.46 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a semiconductor foundry that manufactures chips designed by other companies. It provides wafer fabrication and related services, including advanced packaging, serving customers across industries such as computing, communications, automotive and consumer electronics. Founded in 1987 and headquartered in Hsinchu, Taiwan, TSMC helped establish the dedicated foundry model, in which a manufacturer focuses on producing semiconductors for customers rather than selling its own chip designs.

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