Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Sold by Danica Pension Livsforsikringsaktieselskab

Key Points

• Danica Pension cut its TSMC stake by 31.2% in the third quarter, selling 56,347 shares and retaining 124,163 shares valued at about $56.6 million.
• TSMC reported quarterly earnings of $4.60 per share and revenue of $46.72 billion, beating analyst estimates; revenue rose 41.2% year over year. The company also raised its quarterly dividend to $1.3663 per share.
• Shares traded at $399.50 in Friday mid-day trading. Analysts’ consensus rating was “Buy,” with an average price target of $533.89.

Danica Pension Livsforsikringsaktieselskab lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 31.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,163 shares of the semiconductor company's stock after selling 56,347 shares during the period. Taiwan Semiconductor Manufacturing comprises 0.9% of Danica Pension Livsforsikringsaktieselskab's portfolio, making the stock its 21st largest holding. Danica Pension Livsforsikringsaktieselskab's holdings in Taiwan Semiconductor Manufacturing were worth $56,642,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSM. Fiduciary Advisors Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 200.0% during the 3rd quarter. Fiduciary Advisors Inc. now owns 60 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 40 shares during the period. Cedar Mountain Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 88.2% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 30 shares in the last quarter. Markowski Investments acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $33,000. Heritage Family Offices LLP acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $37,000. Finally, Curry Webb Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at about $39,000. Institutional investors own 16.51% of the company's stock.

Top Taiwan Semiconductor Manufacturing Stories

Here are a few of the latest stories about TSM:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year. The strong growth points to continued demand for AI chips and supports expectations that the company’s capacity investments can sustain expansion. Article: TSMC Just Booked a Record NT$587 Billion Month
• Positive Sentiment: The company announced an approximately 41% year-over-year increase in its quarterly dividend to about $1.37 per ADS, a positive signal for shareholder returns, though the higher payout is not expected to be reflected immediately in distributions. TSMC dividend information
• Neutral Sentiment: NVIDIA’s leadership shake-up is adding uncertainty across chip stocks. TSMC may benefit from serving multiple chip designers, but tighter export controls could create broader industry headwinds. NVIDIA’s November 17 earnings report is a near-term test of AI-chip demand. Article: Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock traded down $5.99 during mid-day trading on Friday, reaching $399.50. 10,704,547 shares of the stock were exchanged, compared to its average volume of 14,768,286. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47. The company has a market cap of $2.07 trillion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44. The firm has a 50-day simple moving average of $430.12 and a 200 day simple moving average of $402.49. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 EPS for the quarter, beating analysts' consensus estimates of $4.45 by $0.15. The firm had revenue of $46.72 billion for the quarter, compared to analyst estimates of $45.67 billion. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The company's revenue for the quarter was up 41.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.92 earnings per share. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Thursday, March 11th will be paid a $1.3663 dividend. This represents a $5.47 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase 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 presently 22.07%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TSM shares. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an "overweight" rating in a research report on Friday, October 16th. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings downgraded Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a report on Wednesday, November 4th. DA Davidson reaffirmed a "buy" rating and set a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 16th. Finally, Stifel Nicolaus started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They issued a "buy" rating and a $515.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $533.89.

Insider Activity at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan purchased 1,000 shares of the firm's stock in a transaction that occurred on Sunday, November 1st. The shares were acquired at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the transaction, the vice president directly owned 8,000 shares in the company, valued at approximately $571,920. The trade was a 14.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael R. Splinter purchased 840 shares of the company's 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 acquisition, the director directly owned 8,405 shares in the company, valued at approximately $3,000,585. This represents a 11.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 7,869 shares of company stock worth $823,771 over the last three months. 1.11% of the stock is owned by company insiders.

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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