AEGON ASSET MANAGEMENT UK Plc decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 488,821 shares of the semiconductor company's stock after selling 18,721 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 2.3% of AEGON ASSET MANAGEMENT UK Plc's holdings, making the stock its 11th largest holding. AEGON ASSET MANAGEMENT UK Plc's holdings in Taiwan Semiconductor Manufacturing were worth $222,995,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Tiger Global Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 49.4% during the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock worth $1,880,717,000 after acquiring an additional 1,839,600 shares during the period. Sei Investments Co. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 11.8% in the 1st quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company's stock valued at $875,802,000 after purchasing an additional 274,389 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 67.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,717,515 shares of the semiconductor company's stock valued at $783,513,000 after purchasing an additional 690,523 shares during the period. Bessemer Group Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 7.9% in the 1st quarter. Bessemer Group Inc. now owns 1,781,764 shares of the semiconductor company's stock valued at $602,147,000 after purchasing an additional 130,602 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Taiwan Semiconductor Manufacturing by 25.1% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,210,323 shares of the semiconductor company's stock valued at $552,116,000 after purchasing an additional 242,640 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.
Taiwan Semiconductor Manufacturing Price Performance
Shares of NYSE:TSM opened at $388.95 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $266.82 and a 1-year high of $487.47. 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 business has a fifty day moving average price of $431.09 and a 200-day moving average price of $401.08. The company has a market capitalization of $2.02 trillion, a PE ratio of 25.47, a PEG ratio of 0.80 and a beta of 1.44.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.45 by $0.15. The company had revenue of $46.72 billion for 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 revenue was up 41.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.92 EPS. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current fiscal year.
Key Taiwan Semiconductor Manufacturing News
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
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a "hold" rating in a research note on Friday, July 17th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 7th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an "overweight" rating in a report on Friday, October 16th. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a "positive" rating in a research report on Thursday, July 16th. Finally, Sanford C. Bernstein upped their target price on shares of 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 given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of "Buy" and an average target price of $533.89.
Check Out Our Latest Report on TSM
Insider Activity at Taiwan Semiconductor Manufacturing
In other news, VP Lipen Yuan bought 1,000 shares of the company's stock in a transaction on Sunday, November 1st. The shares were acquired at an average cost of $71.49 per share, with a total value of $71,490.00. Following the completion of the transaction, the vice president owned 8,000 shares of the company's stock, valued at approximately $571,920. This trade represents a 14.29% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Splinter bought 840 shares of the business's stock in a transaction that occurred on Thursday, November 5th. The shares were acquired at an average price of $357.00 per share, with a total value of $299,880.00. Following the completion of the transaction, the director directly owned 8,405 shares of the company's stock, valued at $3,000,585. This trade represents a 11.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 6,268 shares of company stock valued at $710,901 over the last three months. 1.11% of the stock is owned by corporate insiders.
Taiwan Semiconductor Manufacturing Profile
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Free Report)
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.
Further Reading
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