Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock: Provenance Wealth Advisors LLC Increases Stake

Key Points

• Provenance Wealth Advisors increased its TSMC stake by 507% in the third quarter, to 12,777 shares valued at about $5.83 million.
• TSMC beat quarterly earnings and revenue estimates, with revenue up 41.2% year over year; analysts’ consensus rating is “Buy,” with an average price target of $528.78.
• The company lowered its quarterly dividend to $1.0854 per share from $1.1136, equivalent to an annualized yield of about 1.1%.

Provenance Wealth Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 507.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,777 shares of the semiconductor company's stock after acquiring an additional 10,672 shares during the quarter. Provenance Wealth Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $5,829,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSM. RFG Holdings Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 1.8% during the 3rd quarter. RFG Holdings Inc. now owns 6,656 shares of the semiconductor company's stock valued at $3,037,000 after purchasing an additional 119 shares during the period. Associated Banc Corp purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $217,000. TT International Asset Management LTD boosted its holdings in Taiwan Semiconductor Manufacturing by 28.4% in the 3rd quarter. TT International Asset Management LTD now owns 283,094 shares of the semiconductor company's stock worth $129,145,000 after buying an additional 62,687 shares during the period. Watershed Private Wealth LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 13.7% in the 3rd quarter. Watershed Private Wealth LLC now owns 1,804 shares of the semiconductor company's stock worth $823,000 after buying an additional 218 shares during the period. Finally, Integrity Alliance LLC. boosted its holdings in Taiwan Semiconductor Manufacturing by 12.8% in the 3rd quarter. Integrity Alliance LLC. now owns 11,612 shares of the semiconductor company's stock worth $5,297,000 after buying an additional 1,316 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Commentary highlights TSMC’s role as the foundry for chip designers including Nvidia, AMD, Apple and Broadcom. Because it manufactures for multiple competitors, it may benefit broadly from AI-chip demand rather than relying on one designer’s success. Article: Taiwan Semi or Broadcom: If I Could Only Own 1 for the Next 5 Years, It Would Be This
• Positive Sentiment: Recent articles point to advanced manufacturing and the anticipated 2-nanometer production ramp as potential long-term supports, alongside continued investment in AI infrastructure and TSMC’s global manufacturing footprint. These are bullish themes, though the supplied coverage does not provide fresh company forecasts. Article: TSMC Is Down 18%: The 2nm Ramp Should Change That
• Positive Sentiment: Vice President Lipen Yuan reportedly bought 1,000 shares, increasing his position by 14.29%. Insider buying can signal confidence, although the transaction is modest relative to TSMC’s size. Article: Taiwan Semiconductor insider transaction
• Neutral Sentiment: Elon Musk may be softening his position on control of the proposed Terafab project in renewed discussions involving TSMC. A larger TSMC role could offer an opportunity, but talks remain uncertain and no agreement was reported. Article: Musk may soften Terafab control stance in fresh TSMC talks
• Negative Sentiment: Broader AI-stock selling could weigh on TSMC sentiment: one report says hedge funds have turned underweight AI stocks, while another reports ETFs collectively sold a net $81 million of TSM shares last Thursday. These are market-positioning signals, not evidence of a change in TSMC’s fundamentals. Article: AI Stocks Lose $5 Trillion in 3 Weeks as Hedge Funds Go Underweight AI for the First Time Since 2023 Article: 8 ETFs Cut Taiwan Semiconductor Holdings

Insider Buying and Selling at Taiwan Semiconductor Manufacturing

In other news, VP Lipen Yuan acquired 1,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was purchased at an average price of $74.50 per share, for a total transaction of $74,500.00. Following the completion of the transaction, the vice president directly owned 6,000 shares in the company, valued at approximately $447,000. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 7,043 shares of company stock worth $529,416 in the last ninety days. Company insiders own 1.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TSM shares. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an "overweight" rating in a research note on Friday, October 16th. Sanford C. Bernstein boosted 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. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a "buy" rating in a research report on Thursday, October 15th. Finally, DA Davidson reissued a "buy" rating and set a $500.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $528.78.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $404.90 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. The company's fifty day moving average price is $434.50 and its 200-day moving average price is $400.22. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $266.82 and a one year high of $487.47. The company has a market capitalization of $2.10 trillion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44.

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, beating the consensus estimate of $4.45 by $0.15. The company had revenue of $46.72 billion during the quarter, compared to analysts' expectations of $45.67 billion. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. Taiwan Semiconductor Manufacturing's quarterly revenue was up 41.2% on a year-over-year basis. During the same period last year, the company posted $2.92 earnings per share. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be issued a dividend of $1.0854 per share. This is a drop from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $4.34 annualized dividend and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is currently 22.27%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a dedicated semiconductor foundry headquartered in Hsinchu, Taiwan. The company manufactures integrated circuits for customers that design their own chips, allowing semiconductor, electronics, and technology companies to outsource production rather than operate their own fabrication facilities.

TSMC provides wafer fabrication services across a broad range of process technologies, including advanced nodes used in high-performance computing, smartphones, automotive systems, and artificial intelligence applications.

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