Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Sold by Factory Mutual Insurance Co.

Key Points

• Factory Mutual Insurance trimmed its TSMC stake by 0.7%, selling 2,350 shares and retaining 314,325 shares valued at about $143.4 million.
• Analyst sentiment remains broadly positive: the stock has a consensus “Buy” rating and an average price target of $528.78, with 15 of 16 analysts rating it Buy or Strong Buy.
• TSMC beat quarterly earnings and revenue estimates, with revenue up 41.2% year over year; however, it lowered its quarterly dividend from $1.1136 to $1.0854 per share.

Factory Mutual Insurance Co. reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 314,325 shares of the semiconductor company's stock after selling 2,350 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.3% of Factory Mutual Insurance Co.'s portfolio, making the stock its 18th biggest holding. Factory Mutual Insurance Co.'s holdings in Taiwan Semiconductor Manufacturing were worth $143,392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Challenger Wealth Management grew its stake in Taiwan Semiconductor Manufacturing by 1.1% in the 3rd quarter. Challenger Wealth Management now owns 5,391 shares of the semiconductor company's stock worth $2,459,000 after acquiring an additional 58 shares during the period. Garde Capital Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 6.7% during the 3rd quarter. Garde Capital Inc. now owns 10,889 shares of the semiconductor company's stock worth $4,967,000 after purchasing an additional 685 shares during the period. Torren Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $157,000. BOCHK Asset Management Ltd boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 68.0% during the third quarter. BOCHK Asset Management Ltd now owns 22,116 shares of the semiconductor company's stock worth $10,089,000 after purchasing an additional 8,951 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 12.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 886 shares of the semiconductor company's stock worth $404,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a "buy" rating and issued a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 16th. Wall Street Zen downgraded Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Needham & Company LLC lifted their price target on Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the company a "buy" rating in a report on Thursday, October 15th. Finally, TD Cowen upped 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 note on Friday, July 17th. Three equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $528.78.

Insiders Place Their Bets

In other news, VP Lipen Yuan purchased 1,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was purchased at an average price of $74.50 per share, with a total value of $74,500.00. Following the completion of the transaction, the vice president owned 6,000 shares in the company, valued at approximately $447,000. The trade was a 20.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 7,043 shares of company stock valued at $529,416 in the last 90 days. 1.11% of the stock is currently owned by company insiders.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $404.90 on Wednesday. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.10 trillion, a P/E ratio of 26.06, a P/E/G ratio of 0.81 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47. The firm's 50 day moving average is $434.50 and its two-hundred day moving average is $400.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) 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%. The business's quarterly revenue was up 41.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.92 EPS. Analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be issued a $1.0854 dividend. The ex-dividend date is Thursday, December 10th. This is a decrease from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. This represents a $4.34 dividend on an annualized basis and a yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is 22.27%.

More Taiwan Semiconductor Manufacturing News

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

About Taiwan Semiconductor Manufacturing

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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