Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock: NorthCrest Asset Manangement LLC Cuts Position

Key Points

• NorthCrest Asset Management reduced its TSMC position by 1% in the third quarter, selling 2,117 shares and retaining 202,230 shares valued at approximately $92.6 million. TSMC remains the firm’s seventh-largest holding, representing 2.2% of its portfolio.
• TSMC reported quarterly EPS of $4.28 on $39.89 billion in revenue, with a 50.31% net margin and 39.25% return on equity. Institutional investors own 16.51% of the company, while several other funds increased their positions.
• The company’s quarterly dividend fell to $1.0854 per share, or $4.34 annualized, for a 1% yield. Analysts maintain a consensus “Buy” rating with an average price target of $524.89, though valuation, capital-spending needs and geopolitical risks remain concerns.

NorthCrest Asset Manangement LLC lessened its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 202,230 shares of the semiconductor company's stock after selling 2,117 shares during the period. Taiwan Semiconductor Manufacturing makes up 2.2% of NorthCrest Asset Manangement LLC's investment portfolio, making the stock its 7th largest holding. NorthCrest Asset Manangement LLC's holdings in Taiwan Semiconductor Manufacturing were worth $92,620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brookstone Capital Management lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 87.3% in the second quarter. Brookstone Capital Management now owns 25,143 shares of the semiconductor company's stock valued at $12,008,000 after purchasing an additional 11,719 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Taiwan Semiconductor Manufacturing by 273.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 81,189 shares of the semiconductor company's stock valued at $27,438,000 after buying an additional 59,435 shares during the last quarter. Opal Capital LLC grew its holdings in Taiwan Semiconductor Manufacturing by 72.5% during the 1st quarter. Opal Capital LLC now owns 27,767 shares of the semiconductor company's stock valued at $9,384,000 after buying an additional 11,666 shares during the last quarter. Western Wealth Management LLC increased its position in Taiwan Semiconductor Manufacturing by 27.4% during the first quarter. Western Wealth Management LLC now owns 27,954 shares of the semiconductor company's stock worth $9,447,000 after buying an additional 6,013 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 306.7% during the first quarter. Elevation Point Wealth Partners LLC now owns 52,397 shares of the semiconductor company's stock worth $17,728,000 after buying an additional 39,514 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $444.81 on Tuesday. The stock's 50-day moving average is $433.89 and its 200-day moving average is $415.05. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 1.00 and a beta of 1.37. 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 12 month low of $266.82 and a 12 month high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share (EPS) for the quarter. The firm had revenue of $39.89 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.56 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Thursday, December 10th will be paid a $1.0854 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 1.0%. This is a drop from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing's payout ratio is 24.96%.

Insider Activity

In related news, VP Lipen Yuan acquired 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction on Tuesday, August 18th. The shares were bought at an average price of $74.50 per share, for a total transaction of $74,500.00. Following the completion of the purchase, 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 document filed with the SEC, which can be accessed through the SEC website. Also, VP Bor-Zen Tien acquired 3,000 shares of the company's stock in a transaction dated Tuesday, July 21st. The shares were purchased at an average price of $74.39 per share, for a total transaction of $223,170.00. Following the purchase, the vice president directly owned 4,000 shares of the company's stock, valued at approximately $297,560. This trade represents a 300.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 16,043 shares of company stock valued at $1,185,746. Company insiders own 1.11% of the company's stock.

Key Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Strong AI demand supports an upbeat earnings outlook. Analysts expect approximately $46.7 billion in third-quarter revenue and $23.4 billion in profit, with reports suggesting TSMC could deliver another earnings surprise. Accelerating revenue growth, price increases and expanding production capacity could provide a stronger outlook for 2027. TSMC Eyes $23.4 Billion Q3 Profit on $46.7 Billion Revenue
• Positive Sentiment: TSMC’s strategic position remains a major long-term attraction. Its leading share of advanced logic-chip manufacturing makes the company a key supplier for AI infrastructure, while growing capacity and solid margins could support substantial earnings and stock-price gains through 2030. Here’s What a $1,400 Investment in TSMC Stock Could Be Worth
• Neutral Sentiment: October 15 earnings are the immediate catalyst. Investors are focused on whether TSMC raises guidance, confirms sustained AI-chip demand and demonstrates that capacity additions can keep pace with customers’ needs. The report may also influence sentiment toward Nvidia and the broader AI semiconductor trade. Why October 15 Could Change Everything for Taiwan Semiconductor Stock
• Negative Sentiment: Valuation and execution risks are limiting enthusiasm. After a substantial AI-driven rally, investors are questioning whether TSMC’s cash generation justifies its valuation and whether heavy capital spending will translate into sufficient returns. Expectations for a strong report also increase the risk of profit-taking if guidance falls short. Can Taiwan Semiconductor Manufacturing Justify Its Price on Cash Flow?
• Negative Sentiment: Competitive and macroeconomic concerns remain. Microsoft’s push toward custom AI chips could weigh on semiconductor-sector sentiment, while inflation data, interest rates and geopolitical risks surrounding Taiwan remain potential sources of volatility. Why Nvidia Stock Is Down Around 1.6%

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Sanford C. Bernstein upped their price objective on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Stifel Nicolaus initiated coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, September 1st. They issued a "buy" rating and a $515.00 target price on the stock. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Finally, DA Davidson boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $524.89.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's largest dedicated semiconductor foundry. Founded in 1987 by Morris Chang, the company pioneered the pure-play foundry model, producing chips designed by other companies rather than selling products under its own semiconductor brand.

TSMC manufactures a broad range of integrated circuits, including advanced logic chips used in high-performance computing, smartphones, automotive systems, communications equipment, and consumer electronics.

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