Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Sold by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak cut its TSMC position by 73% in the third quarter, selling 2,113 shares and retaining 783 shares valued at approximately $357,000.
• Other major institutional investors increased their holdings, and institutional funds collectively own 16.51% of TSMC. Insiders have also purchased shares in recent months.
• TSMC shares fell 3.2% to $431.03, while analysts maintained a positive outlook with a consensus “Buy” rating and an average price target of $524.89; the company also reduced its quarterly dividend to $1.0854 per share.

Thurston Springer Miller Herd & Titak Inc. decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 73.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 783 shares of the semiconductor company's stock after selling 2,113 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Taiwan Semiconductor Manufacturing by 7.7% in the fourth quarter. Janus Henderson Group PLC now owns 8,291,884 shares of the semiconductor company's stock valued at $2,497,638,000 after buying an additional 594,780 shares during the last quarter. Tiger Global Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 49.4% during the first quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock worth $1,880,717,000 after buying an additional 1,839,600 shares during the period. Invesco Ltd. boosted its stake in Taiwan Semiconductor Manufacturing by 1.1% during the fourth quarter. Invesco Ltd. now owns 3,721,823 shares of the semiconductor company's stock worth $1,131,025,000 after buying an additional 40,842 shares during the period. Sei Investments Co. increased its position 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 valued at $875,802,000 after acquiring an additional 274,389 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 168.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,093,115 shares of the semiconductor company's stock valued at $636,077,000 after acquiring an additional 1,313,917 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 3.2%

Shares of TSM stock traded down $14.09 during trading on Wednesday, reaching $431.03. The company's stock had a trading volume of 7,485,910 shares, compared to its average volume of 12,991,842. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $266.82 and a 1-year high of $487.47. The stock's 50-day moving average price is $434.46 and its 200 day moving average price is $415.74. The company has a market capitalization of $2.24 trillion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 0.98 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. The company had revenue of $39.89 billion for the quarter. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.60 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be paid a dividend of $1.0854 per share. This represents a $4.34 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend 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 24.96%.

Trending Headlines about Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Analysts expect another strong quarter, with AI demand potentially driving approximately 50% year-over-year revenue growth. JPMorgan and Citigroup reportedly see additional revenue upside even after TSMC produced record quarterly sales. What analysts are watching with key semiconductor maker TSMC set to report results
• Positive Sentiment: TSMC’s dominant position in advanced foundry manufacturing, pricing power, capacity expansion and rising AI-chip demand support expectations for continued earnings growth. One analyst raised projected FY2026 EPS to $16.92 and FY2027 EPS to $22.26. TSMC investment outlook
• Neutral Sentiment: Options traders anticipate a sizable post-earnings move, potentially bringing TSM shares closer to their recent high. The report is therefore a major near-term catalyst, with guidance and gross margins likely more important than headline revenue alone. Expected TSMC earnings move
• Negative Sentiment: Investors appear concerned that much of the AI growth opportunity is already reflected in TSMC’s valuation. The stock has retreated from its early-October peak despite record revenue, increasing pressure on management to deliver stronger margins and guidance. TSMC earnings and AI valuation
• Negative Sentiment: Broader profit-taking across semiconductor stocks and warnings from investor Michael Burry that chip and Nasdaq shares may be overvalued are adding pressure to the sector. Historical analysis also suggests TSMC shares can react poorly after earnings when expectations are elevated. Michael Burry on chip stocks

Analysts Set New Price Targets

A number of analysts have issued reports on TSM shares. DA Davidson boosted their target price on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, July 17th. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Sanford C. Bernstein raised their target price on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. Finally, Needham & Company LLC raised their target price on Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the company a "buy" rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Buy" and a consensus price target of $524.89.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Shyue-Shyh Lin purchased 1,000 shares of the business's stock in a transaction on Tuesday, July 21st. The shares were bought at an average cost of $74.13 per share, for a total transaction of $74,130.00. Following the completion of the purchase, the vice president directly owned 30,269 shares in the company, valued at approximately $2,243,840.97. This represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lipen Yuan purchased 350 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were acquired at an average cost of $73.58 per share, with a total value of $25,753.00. Following the completion of the acquisition, the vice president directly owned 2,000 shares in the company, valued at $147,160. The trade was a 21.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 16,043 shares of company stock valued at $1,185,746. Insiders own 1.11% of the company's stock.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's largest dedicated semiconductor foundry. Founded in 1987 by Morris Chang, the company pioneered the pure-play foundry model, producing chips designed by other companies rather than selling products under its own semiconductor brand.

TSMC manufactures a broad range of integrated circuits, including advanced logic chips used in high-performance computing, smartphones, automotive systems, communications equipment, and consumer electronics.

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