Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock: Private Advisory Group LLC Raises Stake

Key Points

• Private Advisory Group raised its TSMC stake 5.7% in the third quarter, to 64,417 shares valued at about $29.4 million. Other institutions also increased holdings; institutional investors and hedge funds 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 increased its quarterly dividend to $1.3663 per share.
• Analysts maintain a consensus Buy rating, with an average price target of $533.89. Recent insider purchases and record October revenue were positive signals, while a reported employee-data breach and semiconductor-sector uncertainty pose concerns.

Private Advisory Group LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,417 shares of the semiconductor company's stock after acquiring an additional 3,496 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 1.6% of Private Advisory Group LLC's portfolio, making the stock its 13th biggest holding. Private Advisory Group LLC's holdings in Taiwan Semiconductor Manufacturing were worth $29,386,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Russell Investments Group Ltd. raised its position in shares of Taiwan Semiconductor Manufacturing by 12.5% in the third quarter. Russell Investments Group Ltd. now owns 4,057,858 shares of the semiconductor company's stock valued at $1,851,187,000 after purchasing an additional 451,966 shares during the period. Everest Financial Group LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.9% during the 3rd quarter. Everest Financial Group LLC now owns 63,827 shares of the semiconductor company's stock worth $29,117,000 after buying an additional 1,165 shares during the last quarter. Werba Rubin Papier Wealth Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 12.4% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 2,383 shares of the semiconductor company's stock worth $1,087,000 after buying an additional 262 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 63.0% during the 3rd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 450 shares of the semiconductor company's stock worth $205,000 after buying an additional 174 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 12.7% during the 3rd quarter. CENTRAL TRUST Co now owns 10,220 shares of the semiconductor company's stock worth $4,662,000 after buying an additional 1,149 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $405.85 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. The firm has a market cap of $2.10 trillion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 0.82 and a beta of 1.44. The stock's fifty day moving average price is $430.47 and its two-hundred day moving average price is $402.19. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $266.82 and a one year high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share 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 company had revenue of $46.72 billion during the quarter, compared to the consensus estimate of $45.67 billion. During the same quarter last year, the firm earned $2.92 earnings per share. The company's revenue was up 41.2% on a year-over-year basis. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Insider Activity

In other Taiwan Semiconductor Manufacturing news, Director Michael R. Splinter purchased 840 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were acquired at an average cost of $357.00 per share, with a total value of $299,880.00. Following the completion of the transaction, the director owned 8,405 shares in the company, valued at $3,000,585. The trade was a 11.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lipen Yuan acquired 1,000 shares of the company's stock in a transaction on Sunday, November 1st. The stock was acquired at an average price of $71.49 per share, with a total value of $71,490.00. Following the purchase, the vice president directly owned 8,000 shares in the company, valued at approximately $571,920. This represents a 14.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 7,869 shares of company stock worth $823,771 over the last 90 days. 1.11% of the stock is currently owned by corporate insiders.

More Taiwan Semiconductor Manufacturing News

Investors following TSM have been watching these news items:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year. The result points to continuing demand for advanced chips and supports the company’s growth outlook. TSMC Stocks Climb After Record October Revenue
• 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
• Negative Sentiment: NVIDIA’s leadership upheaval has rattled semiconductor shares, overshadowing TSMC’s strong October sales. Because TSMC supplies NVIDIA as well as other chip designers, the turmoil may create sector-wide uncertainty even as AI demand remains robust. TSMC Stocks Fall as NVIDIA Shake-Up Overshadows Record October Revenue

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Stifel Nicolaus started coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, September 1st. They set a "buy" rating and a $515.00 price objective for the company. Needham & Company LLC raised their price objective on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a "buy" rating in a research report on Thursday, October 15th. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Finally, Weiss Ratings downgraded Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a research report on Wednesday, November 4th. Three equities 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 company's stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Buy" and an average target price of $533.89.

Taiwan Semiconductor Manufacturing Company 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.

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.