Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Position Lifted by Truist Financial Corp

Key Points

• Truist Financial Corp increased its stake in Taiwan Semiconductor Manufacturing Company by 2.1% during the second quarter, holding 422,069 shares valued at over $95 million.
• The company's latest earnings report revealed $2.47 EPS, surpassing estimates, with record revenue of $30.07 billion, a 44.4% increase from the previous year.
• Taiwan Semiconductor announced an increased quarterly dividend of $0.8348 per share, effective January 8th, reflecting a positive shift from previous dividends.

Truist Financial Corp grew its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 422,069 shares of the semiconductor company's stock after buying an additional 8,795 shares during the period. Truist Financial Corp's holdings in Taiwan Semiconductor Manufacturing were worth $95,594,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after acquiring an additional 1,892 shares during the period. NBC Securities Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 109,460.0% in the first quarter. NBC Securities Inc. now owns 5,478 shares of the semiconductor company's stock valued at $909,000 after acquiring an additional 5,473 shares during the period. Gradient Investments LLC boosted its stake in Taiwan Semiconductor Manufacturing by 5.4% in the first quarter. Gradient Investments LLC now owns 2,457 shares of the semiconductor company's stock valued at $408,000 after acquiring an additional 125 shares during the period. Merit Financial Group LLC boosted its stake in Taiwan Semiconductor Manufacturing by 78.2% in the first quarter. Merit Financial Group LLC now owns 19,488 shares of the semiconductor company's stock valued at $3,235,000 after acquiring an additional 8,551 shares during the period. Finally, ST Germain D J Co. Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 2.2% in the first quarter. ST Germain D J Co. Inc. now owns 9,540 shares of the semiconductor company's stock valued at $1,584,000 after acquiring an additional 201 shares during the period. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $288.75 on Thursday. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $248.47 and a 200-day simple moving average of $211.44. The company has a market cap of $1.50 trillion, a PE ratio of 32.92, a P/E/G ratio of 1.33 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $290.48.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.13 by $0.34. The firm had revenue of $30.07 billion for the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The firm's quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 earnings per share. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be given a dividend of $0.8348 per share. This represents a $3.34 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 29.42%.

Analyst Ratings Changes

A number of brokerages have commented on TSM. Needham & Company LLC restated a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $275.00 to $325.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Buy" and a consensus price target of $286.67.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.

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