Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Holdings Trimmed by Vestor Capital LLC

Key Points

• Vestor Capital cut its TSMC stake by 96.8% in the third quarter, selling 142,349 shares and retaining 4,646 shares valued at about $2.12 million.
• Institutional investors showed mixed positioning: several funds increased their holdings, while hedge funds and other institutions collectively owned 16.51% of the stock.
• TSMC reported quarterly results above expectations, with EPS of $4.60 and revenue of $46.72 billion, up 41.2% year over year. Analysts maintained a consensus “Buy” rating and a $533.89 price target.

Vestor Capital LLC reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 96.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,646 shares of the semiconductor company's stock after selling 142,349 shares during the quarter. Vestor Capital LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Tiger Global Management LLC raised its position in Taiwan Semiconductor Manufacturing by 49.4% in the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock valued at $1,880,717,000 after purchasing an additional 1,839,600 shares during the last quarter. Sei Investments Co. grew its position in Taiwan Semiconductor Manufacturing by 11.8% during the 1st quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company's stock worth $875,802,000 after purchasing an additional 274,389 shares during the last quarter. Bessemer Group Inc. grew its position in Taiwan Semiconductor Manufacturing by 7.9% during the 1st quarter. Bessemer Group Inc. now owns 1,781,764 shares of the semiconductor company's stock worth $602,147,000 after purchasing an additional 130,602 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Taiwan Semiconductor Manufacturing by 67.2% during 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 purchasing an additional 690,523 shares during the last quarter. Finally, AMF Tjanstepension AB increased its stake in Taiwan Semiconductor Manufacturing by 6.4% in the first quarter. AMF Tjanstepension AB now owns 1,632,738 shares of the semiconductor company's stock valued at $551,784,000 after purchasing an additional 98,123 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a "buy" rating in a report on Thursday, October 15th. DA Davidson restated a "buy" rating and issued a $500.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 16th. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a "hold" rating in a research note on Friday, July 17th. Finally, Sanford C. Bernstein increased their price objective on Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 4th. Three 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $533.89.

Trending Headlines about Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Taiwanese regulators tightened short-selling limits and authorized a NT$500 billion stabilization fund. The measures helped lift local-market sentiment and supported TSMC shares. TSMC Stocks Rise as Taiwan Curbs Short Selling and Deploys Stabilization Fund
• Positive Sentiment: A director disclosed buying 840 shares for about $300,000, increasing his direct holdings by 11.1%. Insider purchases can be viewed as a signal of confidence, although one transaction does not establish a broader trend. SEC filing on director share purchase
• Positive Sentiment: Eleven ETFs reportedly added TSMC shares, suggesting investment-fund demand that may provide some support. 11 ETFs Add to Taiwan Semiconductor
• Neutral Sentiment: Coverage was inconsistent about TSMC entering advanced memory production: one report suggested it may make memory for NVIDIA, while another said TSMC remains focused on logic chips. The uncertainty may affect expectations for future competition, but the reports do not establish a confirmed change in strategy. Report on possible advanced memory production

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $388.95 on Tuesday. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 25.03, a P/E/G ratio of 0.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $266.82 and a 1 year high of $487.47. The company's fifty day moving average is $431.09 and its two-hundred day moving average is $401.08.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $46.72 billion during the quarter, compared to the consensus estimate of $45.67 billion. During the same period in the previous year, the firm posted $2.92 EPS. Taiwan Semiconductor Manufacturing's revenue was up 41.2% on a year-over-year basis. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 earnings per share for the current year.

Insider Activity at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, Director Michael R. Splinter bought 840 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Thursday, November 5th. The stock was bought at an average cost of $357.00 per share, for a total transaction of $299,880.00. Following the purchase, the director owned 8,405 shares in the company, valued at $3,000,585. This represents a 11.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Lipen Yuan purchased 1,000 shares of the firm's stock in a transaction dated Sunday, November 1st. The shares were bought at an average cost of $71.49 per share, with a total value of $71,490.00. Following the transaction, the vice president directly owned 8,000 shares of the company's stock, valued at approximately $571,920. This represents a 14.29% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 6,268 shares of company stock worth $710,901 over the last 90 days. 1.11% of the stock is owned by company insiders.

Taiwan Semiconductor Manufacturing 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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