Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Holdings Boosted by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp increased its TSM holdings by 16.1% in the third quarter, to 89,047 shares valued at about $40.6 million. Institutional investors collectively own 16.51% of the stock.
• TSMC beat quarterly earnings and revenue estimates, reporting EPS of $4.60 and revenue of $46.72 billion, up 41.2% year over year. The company also raised its quarterly dividend to $1.3663 per share.
• Company insiders bought 7,869 shares worth about $823,771 over the past three months. Analysts maintain a consensus “Buy” rating and an average price target of $533.89.

Fifth Third Bancorp lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 16.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 89,047 shares of the semiconductor company's stock after acquiring an additional 12,350 shares during the period. Fifth Third Bancorp's holdings in Taiwan Semiconductor Manufacturing were worth $40,622,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cooper Financial Group lifted its stake in Taiwan Semiconductor Manufacturing by 0.3% during the third quarter. Cooper Financial Group now owns 6,313 shares of the semiconductor company's stock worth $2,880,000 after purchasing an additional 22 shares during the period. Dickmeyer Boyce Financial Management Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the 3rd quarter. Dickmeyer Boyce Financial Management Inc. now owns 3,459 shares of the semiconductor company's stock valued at $1,578,000 after purchasing an additional 23 shares during the period. Whelan Financial grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% in the 3rd quarter. Whelan Financial now owns 1,040 shares of the semiconductor company's stock valued at $474,000 after purchasing an additional 23 shares during the period. Plan A Wealth LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.9% in the 3rd quarter. Plan A Wealth LLC now owns 2,735 shares of the semiconductor company's stock valued at $1,248,000 after purchasing an additional 24 shares during the period. Finally, Graves Light Lenhart Wealth Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.4% in the 2nd quarter. Graves Light Lenhart Wealth Inc. now owns 752 shares of the semiconductor company's stock worth $359,000 after buying an additional 25 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Latest Taiwan Semiconductor Manufacturing News

These are some of the TSM news items that stood out recently:

• Positive Sentiment: TSMC’s board approved investments of up to $500 million each in OpenAI and Anthropic, broadening its exposure to AI beyond chip manufacturing. The strategic move may reinforce ties with major AI customers, though its financial payoff is uncertain. TSMC Approves Up to $1 Billion Investment Plan in Anthropic and OpenAI
• Neutral Sentiment: ETFs were net sellers of TSMC shares on Nov. 10, a potential near-term headwind for trading, but one day of fund flows does not establish a longer-term trend. ETFs Are Net Sellers of Taiwan Semiconductor
• Negative Sentiment: A reported breach exposed personal data belonging to some current and former employees, with hackers reportedly seeking ransom in bitcoin. The incident raises reputational and cybersecurity concerns, though the articles do not indicate disruption to chip production. TSMC Stock Dips After Hackers Ransom Employee Data

Insiders Place Their Bets

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

Taiwan Semiconductor Manufacturing Stock Down 1.8%

Shares of TSM opened at $405.85 on Friday. The company has a market capitalization of $2.10 trillion, a P/E ratio of 26.60, a PEG ratio of 0.82 and a beta of 1.44. 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 Company Ltd. has a one year low of $266.82 and a one year high of $487.47. The business's 50 day simple moving average is $430.47 and its 200-day simple moving average is $402.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 EPS for the quarter, topping analysts' consensus estimates of $4.45 by $0.15. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The business had revenue of $46.72 billion for the quarter, compared to analyst estimates of $45.67 billion. During the same period in the prior year, the company earned $2.92 EPS. Taiwan Semiconductor Manufacturing's revenue for the quarter was up 41.2% on a year-over-year basis. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 8th. Shareholders of record on Thursday, March 11th will be paid a $1.3663 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.0854. This represents a $5.47 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, March 11th. Taiwan Semiconductor Manufacturing's payout ratio is presently 22.27%.

Wall Street Analyst Weigh In

Several research firms recently commented on TSM. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an "overweight" rating in a research report on Friday, October 16th. DA Davidson reiterated a "buy" rating and set a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 16th. Weiss Ratings cut Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a report on Wednesday, November 4th. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $533.89.

About Taiwan Semiconductor Manufacturing

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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