Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Sold by Confluence Wealth Services Inc.

Key Points

• Confluence Wealth Services cut its TSMC stake by 46.9% in the third quarter, selling 2,460 shares and ending the period with 2,786 shares valued at about $1.27 million.
• TSMC reported quarterly EPS of $4.60, topping the $4.45 consensus, while revenue rose 41.2% year over year to $46.72 billion. The company also raised its quarterly dividend to $1.3663 per share.
• Recent insider purchases totaled 7,869 shares worth about $823,771 over 90 days; analysts’ average rating was “Buy,” with a consensus price target of $533.89.

Confluence Wealth Services Inc. reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 46.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,786 shares of the semiconductor company's stock after selling 2,460 shares during the quarter. Confluence Wealth Services Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $1,271,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TSM. Tiger Global Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 49.4% in the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock valued at $1,880,717,000 after purchasing an additional 1,839,600 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 11.8% during the first quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company's stock worth $875,802,000 after purchasing an additional 274,389 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 7.9% during the first quarter. Bessemer Group Inc. now owns 1,781,764 shares of the semiconductor company's stock worth $602,147,000 after purchasing an additional 130,602 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Taiwan Semiconductor Manufacturing by 67.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,717,515 shares of the semiconductor company's stock worth $783,513,000 after buying an additional 690,523 shares during the period. Finally, Amundi boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.2% in the first quarter. Amundi now owns 1,573,448 shares of the semiconductor company's stock worth $531,747,000 after buying an additional 33,766 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

Insider Activity at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan acquired 1,000 shares of the company's stock in a transaction on Sunday, November 1st. The shares were bought at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the acquisition, the vice president directly owned 8,000 shares of the company's stock, valued at $571,920. This trade represents a 14.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Splinter bought 840 shares of the business's stock in a transaction on Thursday, November 5th. The stock was acquired at an average cost of $357.00 per share, for a total transaction of $299,880.00. Following the completion of the transaction, the director owned 8,405 shares in the company, valued at $3,000,585. This represents a 11.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 7,869 shares of company stock worth $823,771 over the last 90 days. 1.11% of the stock is owned by company insiders.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $412.74 on Thursday. 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 50-day moving average of $430.67 and a two-hundred day moving average of $401.82. The stock has a market cap of $2.14 trillion, a P/E ratio of 25.51, a PEG ratio of 0.79 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $266.82 and a 1-year high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced 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. 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 period 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, research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.46 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on TSM. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a "positive" rating in a research note on Thursday, July 16th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an "overweight" rating in a research report on Friday, October 16th. Weiss Ratings cut Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a report on Wednesday, November 4th. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a "hold" rating in a research report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. 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 company's stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Buy" and a consensus target price of $533.89.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

Investors following TSM have been watching these headlines:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year and 14.7% from September. The surge reinforces expectations that strong demand for AI chips and orders from customers such as Nvidia and Apple are supporting growth. TSMC's October sales jump as global chip boom rolls on
• Positive Sentiment: The board approved investments of up to $1 billion combined in OpenAI and Anthropic. Investors may see the stakes as a way to strengthen ties with major AI customers and broaden TSMC’s exposure to the AI expansion, although the investments are not chip sales. TSMC approves up to $1 billion investment plan in Anthropic and OpenAI
• Positive Sentiment: TSMC raised its quarterly dividend, adding a shareholder-return signal alongside its strong operating results. Multiple executives and a director also disclosed recent share purchases, which may be viewed as a modest sign of insider confidence. Taiwan Semiconductor Manufacturing company information

Taiwan Semiconductor Manufacturing 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.

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