Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock: Calamos Wealth Management LLC Raises Position

Key Points

• Calamos Wealth Management increased its TSMC stake by 7.5% in the third quarter, adding 3,843 shares to hold 55,189 shares valued at about $25.2 million.
• Several other institutional investors also raised their positions, and company insiders reported buying shares during the quarter. Hedge funds and institutional investors own 16.51% of TSMC.
• TSMC’s latest quarterly results beat analyst expectations, with revenue up 41.2% year over year; however, the company lowered its quarterly dividend from $1.1136 to $1.0854 per share.

Calamos Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,189 shares of the semiconductor company's stock after acquiring an additional 3,843 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 0.7% of Calamos Wealth Management LLC's portfolio, making the stock its 28th biggest holding. Calamos Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $25,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Tiger Global Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 49.4% in the first quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock valued at $1,880,717,000 after buying an additional 1,839,600 shares during the last quarter. Sei Investments Co. boosted its position in Taiwan Semiconductor Manufacturing by 11.8% during the first quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company's stock worth $875,802,000 after acquiring an additional 274,389 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Taiwan Semiconductor Manufacturing by 67.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,717,515 shares of the semiconductor company's stock worth $783,513,000 after acquiring an additional 690,523 shares during the period. Bessemer Group Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 7.9% in the 1st quarter. Bessemer Group Inc. now owns 1,781,764 shares of the semiconductor company's stock valued at $602,147,000 after acquiring an additional 130,602 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in Taiwan Semiconductor Manufacturing by 25.1% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,210,323 shares of the semiconductor company's stock valued at $552,116,000 after acquiring an additional 242,640 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Insider Activity at Taiwan Semiconductor Manufacturing

In other news, VP Lipen Yuan acquired 1,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $74.50 per share, for a total transaction of $74,500.00. Following the acquisition, the vice president directly owned 6,000 shares in the company, valued at $447,000. This trade represents a 20.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders bought 5,428 shares of company stock valued at $411,021. Company insiders own 1.11% of the company's stock.

Trending Headlines about Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Taiwan tightened short-selling rules and prepared a reported $15 billion fund to support its markets, helping lift TSMC shares in premarket trading after the regional chip rout. Benzinga article
• Positive Sentiment: Nvidia reportedly wants TSMC to make advanced memory chips. If TSMC pursues the opportunity, it could broaden its role in AI hardware and deepen ties with a major customer; the report describes a possibility, not a confirmed project. TipRanks article
• Positive Sentiment: Sanford C. Bernstein raised its price target to $600 from $554 and reiterated an “outperform” rating, signaling confidence in TSMC’s prospects despite the recent sector weakness. MarketBeat analyst update
• Neutral Sentiment: TSMC’s position as a leading manufacturer for Nvidia, AMD and other chip designers supports exposure to AI demand across competing customers. Some coverage also argues the shares trade below their usual valuation range, though that does not ensure a near-term recovery. The Motley Fool article
• Negative Sentiment: The rebound follows a steep regional chip-stock selloff amid worries about AI valuations, spending expectations and growth. That market-wide pressure could keep TSM volatile even as its manufacturing business benefits from AI demand. 24/7 Wall St. article

Taiwan Semiconductor Manufacturing Trading Up 6.2%

NYSE:TSM traded up $22.05 during trading hours on Friday, reaching $375.15. 23,785,880 shares of the company were exchanged, compared to its average volume of 12,097,490. The firm has a market cap of $1.95 trillion, a price-to-earnings ratio of 24.14, a PEG ratio of 0.81 and a beta of 1.44. The stock has a 50 day simple moving average of $431.68 and a 200 day simple moving average of $400.77. 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 current ratio of 2.46 and a quick ratio of 2.25.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, October 15th. The semiconductor company reported $4.60 EPS for the quarter, topping analysts' consensus estimates of $4.45 by $0.15. The business had revenue of $46.72 billion during the quarter, compared to the consensus estimate of $45.67 billion. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The business's revenue for the quarter was up 41.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.92 EPS. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS 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 paid a dividend of $1.0854 per share. This is a drop from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. This represents a $4.34 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, December 10th. Taiwan Semiconductor Manufacturing's payout ratio is currently 22.27%.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of recent analyst reports. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a "hold" rating in a research report on Friday, July 17th. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a "positive" rating in a research note on Thursday, July 16th. Finally, Zacks Research upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $533.89.

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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