Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Sold by GRIMES & Co WEALTH MANAGEMENT LLC

Key Points

• GRIMES & Co Wealth Management reduced its TSMC position by 16.8% in the third quarter, selling 22,657 shares and retaining 112,154 shares valued at approximately $51.2 million.
• TSMC reported strong quarterly results, with EPS of $4.60 beating estimates and revenue rising 41.2% year over year to $46.72 billion, supported by demand for advanced chips and AI infrastructure.
• Despite the institutional sale and a 1.8% decline in trading, analysts maintained a consensus “Buy” rating with an average price target of $528.78; TSMC also lowered its quarterly dividend to $1.0854 per share.

GRIMES & Co WEALTH MANAGEMENT LLC lowered its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 16.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,154 shares of the semiconductor company's stock after selling 22,657 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.2% of GRIMES & Co WEALTH MANAGEMENT LLC's portfolio, making the stock its 13th largest holding. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Taiwan Semiconductor Manufacturing were worth $51,163,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TSM. Brookstone Capital Management raised its stake in shares of Taiwan Semiconductor Manufacturing by 87.3% in the 2nd quarter. Brookstone Capital Management now owns 25,143 shares of the semiconductor company's stock valued at $12,008,000 after acquiring an additional 11,719 shares in the last quarter. Opal Capital LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 72.5% in the 1st quarter. Opal Capital LLC now owns 27,767 shares of the semiconductor company's stock worth $9,384,000 after purchasing an additional 11,666 shares during the last quarter. Western Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 27.4% in the 1st quarter. Western Wealth Management LLC now owns 27,954 shares of the semiconductor company's stock worth $9,447,000 after purchasing an additional 6,013 shares during the last quarter. MRA Advisory Group bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $704,000. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $6,129,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Lipen Yuan acquired 1,000 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was acquired 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 of the company's stock, valued at approximately $447,000. This represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have bought 6,043 shares of company stock worth $457,926. Insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 1.8%

Shares of Taiwan Semiconductor Manufacturing stock opened at $398.71 on Tuesday. The company's fifty day simple moving average is $434.60 and its 200-day simple moving average is $399.83. The company has a market cap of $2.07 trillion, a price-to-earnings ratio of 25.66, a PEG ratio of 0.89 and a beta of 1.37. 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 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 released its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 EPS for the quarter, beating the consensus estimate of $4.45 by $0.15. The firm 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 prior year, the company earned $2.92 EPS. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

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

Analyst Upgrades and Downgrades

TSM has been the topic of several analyst reports. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 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. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a "positive" rating in a report on Thursday, July 16th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an "overweight" rating in a research note on Friday, October 16th. Finally, DA Davidson reiterated a "buy" rating and issued 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 given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $528.78.

Key Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Strong demand for advanced chips and AI infrastructure continues to support TSMC’s outlook. Recent coverage highlights a 33.2% one-year gain, advanced technology leadership, global manufacturing expansion and third-quarter revenue growth of 41.2%. TSM Soars 33% in the Past Year: Is It a Solid Investment Proposition?
• Positive Sentiment: Analysts’ average price target of $528.78 implies further upside from the reported trading level, reinforcing the bullish view based on TSMC’s earnings power and AI exposure. Taiwan Semiconductor Manufacturing Company Ltd. Stock Has Average Price Target of $528.78 According to Analysts
• Positive Sentiment: TSMC could gain a larger role in Elon Musk’s proposed Terafab venture if Musk softens his reported demand for control, potentially creating an additional strategic opportunity for the chipmaker. Musk may soften Terafab control stance in fresh TSMC talks
• Neutral Sentiment: Investors are also assessing TSMC’s continued investment in Taiwan and its expanding overseas manufacturing footprint, which may strengthen supply-chain resilience but require substantial capital spending. What’s Going on With Taiwan Semiconductor Stock on Monday?
• Negative Sentiment: Eight ETFs sold a net $81 million of TSMC shares, adding near-term supply and potentially weighing on the stock despite its strong long-term fundamentals. 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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