Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock: Chicago Partners Investment Group LLC Boosts Position

Key Points

• Chicago Partners Investment Group increased its TSMC stake 19.3% in the third quarter, adding 1,465 shares to reach 9,070 shares valued at about $3.8 million.
• Several other institutional investors also expanded their holdings; hedge funds and other institutions collectively own 16.51% of the stock.
• TSMC beat quarterly earnings and revenue estimates, with revenue up 41.2% year over year. Analysts’ average rating is “Buy,” while the company trimmed its quarterly dividend to $1.0854 per share.

Chicago Partners Investment Group LLC grew its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 19.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,070 shares of the semiconductor company's stock after purchasing an additional 1,465 shares during the period. Chicago Partners Investment Group LLC's holdings in Taiwan Semiconductor Manufacturing were worth $3,796,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Tiger Global Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 49.4% during the first quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock worth $1,880,717,000 after purchasing an additional 1,839,600 shares during the period. Sei Investments Co. increased its holdings in Taiwan Semiconductor Manufacturing by 11.8% in the 1st quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company's stock worth $875,802,000 after buying an additional 274,389 shares during the period. Bessemer Group Inc. increased 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 worth $602,147,000 after buying an additional 130,602 shares during the period. Assenagon Asset Management S.A. increased its holdings 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 buying an additional 690,523 shares during the period. Finally, AMF Tjanstepension AB increased its holdings in Taiwan Semiconductor Manufacturing by 6.4% in the 1st quarter. AMF Tjanstepension AB now owns 1,632,738 shares of the semiconductor company's stock worth $551,784,000 after buying an additional 98,123 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing News Summary

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

• Positive Sentiment: Bernstein raised its price target to $600 and reiterated an “outperform” rating, signaling confidence in TSMC’s outlook. Article: Bernstein price target
• Positive Sentiment: ETFs purchased $146.2 million of TSM shares on Nov. 3, a potential counterpoint to recent market selling. Article: TSM sees ETF buying
• Positive Sentiment: Coverage highlights TSMC’s position as a manufacturer for multiple AI-chip designers, giving it exposure to sector growth without depending on one chipmaker. The company has also recently posted a third consecutive earnings beat, while AI-chip demand reportedly continues to outstrip supply. Article: AMD vs. TSMC and the AI sell-off
• Neutral Sentiment: Investors are awaiting TSMC’s next monthly sales reading, due Nov. 10, to gauge whether demand can sustain the growth implied by the company’s recent results. Article: TSMC sales data and quarterly hurdle
• Negative Sentiment: The main near-term drag appears to be sector-wide risk aversion: semiconductor shares sold off sharply as investors reassessed AI spending, growth expectations, and valuations. That selling has weighed on TSMC despite positive demand indicators; September global chip-sales data cited in coverage showed strong year-over-year growth. Article: Global chip sales and semiconductor sell-off

Insider Buying and Selling

In related news, VP Lipen Yuan acquired 1,000 shares of the stock in a transaction on Sunday, November 1st. The shares were acquired at an average price of $71.49 per share, for a total transaction of $71,490.00. Following the transaction, the vice president owned 8,000 shares in the company, valued at approximately $571,920. This trade represents a 14.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders purchased 5,428 shares of company stock valued at $411,021. Corporate insiders own 1.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSM. Zacks Research raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b)" rating in a report on Wednesday, October 21st. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a "hold" rating in a report on Friday, July 17th. DA Davidson reiterated a "buy" rating and issued a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 16th. Finally, Stifel Nicolaus assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, September 1st. They set a "buy" rating and a $515.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of "Buy" and an average target price of $533.89.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $352.19 on Friday. 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 quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.83 trillion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 0.80 and a beta of 1.44. The business has a 50-day simple moving average of $432.74 and a 200-day simple moving average of $400.53.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 EPS for the quarter, topping the consensus estimate of $4.45 by $0.15. The firm had revenue of $46.72 billion for the quarter, compared to analyst estimates of $45.67 billion. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. Taiwan Semiconductor Manufacturing's revenue for the quarter was up 41.2% compared to the same quarter last year. During the same period last year, the company earned $2.92 earnings per share. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business 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. The ex-dividend date of this dividend is Thursday, December 10th. This is a drop from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. This represents a $4.34 dividend on an annualized basis and a yield of 1.2%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 22.27%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a dedicated semiconductor foundry headquartered in Hsinchu, Taiwan. The company manufactures integrated circuits for customers that design their own chips, allowing semiconductor, electronics, and technology companies to outsource production rather than operate their own fabrication facilities.

TSMC provides wafer fabrication services across a broad range of process technologies, including advanced nodes used in high-performance computing, smartphones, automotive systems, and artificial intelligence applications.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.