Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock: Turn8 Private Wealth Inc. Lowers Position

Key Points

• Turn8 Private Wealth cut its TSMC stake by 15% in the third quarter, selling 2,668 shares and retaining 15,117 shares worth about $6.9 million. TSMC remains 4.7% of its portfolio and its fourth-largest holding.
• Institutional investor activity was mixed, while TSMC reported quarterly earnings of $4.60 per share and revenue of $46.72 billion, both ahead of analyst estimates; revenue rose 41.2% year over year.
• TSMC raised its quarterly dividend to $1.3663 per share, and analysts maintain a consensus “Buy” rating with a $533.89 average target price. The article also cites strong AI-chip demand, alongside risks from volatility and elevated growth expectations.

Turn8 Private Wealth Inc. decreased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,117 shares of the semiconductor company's stock after selling 2,668 shares during the period. Taiwan Semiconductor Manufacturing accounts for 4.7% of Turn8 Private Wealth Inc.'s portfolio, making the stock its 4th largest position. Turn8 Private Wealth Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $6,896,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSM. Bahl & Gaynor LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 16.4% in the 3rd quarter. Bahl & Gaynor LLC now owns 1,636,856 shares of the semiconductor company's stock worth $746,717,000 after purchasing an additional 231,157 shares during the period. Brooklyn FI LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $1,014,000. AMG National Trust Bank lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.8% in the 3rd quarter. AMG National Trust Bank now owns 27,435 shares of the semiconductor company's stock valued at $12,516,000 after purchasing an additional 229 shares in the last quarter. Moneco Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 3rd quarter. Moneco Advisors LLC now owns 9,256 shares of the semiconductor company's stock worth $4,223,000 after purchasing an additional 184 shares during the period. Finally, Mesirow Financial Investment Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 10.5% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 9,887 shares of the semiconductor company's stock worth $4,511,000 after purchasing an additional 940 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $396.56 on Wednesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $266.82 and a 1-year high of $487.47. The business has a 50-day moving average of $430.71 and a 200-day moving average of $401.43. 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 company has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 25.52, a PEG ratio of 0.77 and a beta of 1.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share for the quarter, beating analysts' consensus estimates of $4.45 by $0.15. The business had revenue of $46.72 billion during 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 business's revenue was up 41.2% on a year-over-year basis. During the same period last year, the business earned $2.92 EPS. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.46 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 8th. Investors of record on Thursday, March 11th will be paid a $1.3663 dividend. This represents a $5.47 annualized dividend and a dividend yield of 1.4%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.0854. The ex-dividend date is Thursday, March 11th. Taiwan Semiconductor Manufacturing's payout ratio is presently 22.07%.

Taiwan Semiconductor Manufacturing News Roundup

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

• Positive Sentiment: TSMC reported October revenue of NT$586.89 billion, up 59.7% year over year and 14.7% from September. The strong result, attributed to demand for advanced chips, points to solid momentum heading into the fourth quarter; the company has guided for quarterly revenue of up to $54.3 billion. TSMC's October sales jump as global chip boom rolls on
• Positive Sentiment: Analyst and investing coverage highlighted TSMC’s position as a key supplier for AI chips, with demand from customers including Nvidia and Apple. Some commentary also described the shares as undervalued following the semiconductor sell-off, which could attract investors if growth continues. TSMC Sales Jump Again as Nvidia and Apple Orders Keep the AI Chip Boom Going
• Positive Sentiment: Reports say TSMC plans to invest up to $1 billion, split between Anthropic and OpenAI. The move signals confidence in AI’s growth, though the investment’s direct financial contribution to TSMC is not yet clear. TSMC to invest up to $1 billion in Anthropic and OpenAI
• Neutral Sentiment: Some coverage suggests TSMC shares could be about 7% undervalued, while another notes the company’s fab expansion plans. Such expansion supports future capacity but also requires substantial investment. TSM Stock Could Be 7% Undervalued Despite Fab Expansion Plans
• Negative Sentiment: Recent AI-stock volatility remains a risk, and Wedbush reportedly says the strong sales update sets a high bar for TSMC. Shares may be vulnerable if future results or guidance fail to match elevated growth expectations. Wedbush Has a Strong Message for TSMC Stock Fans

Wall Street Analyst Weigh In

TSM has been the subject of a number of research analyst reports. Sanford C. Bernstein increased their target price on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 4th. TD Cowen boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a "hold" rating in a research note on Friday, July 17th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an "overweight" rating in a research note on Friday, October 16th. Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Stifel Nicolaus assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They issued a "buy" rating and a $515.00 target price on the stock. Three 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 MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $533.89.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan purchased 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction that occurred on Sunday, November 1st. The stock was purchased at an average price of $71.49 per share, with a total value of $71,490.00. Following the completion of the acquisition, the vice president owned 8,000 shares of the company's stock, valued at approximately $571,920. This trade represents a 14.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Splinter acquired 840 shares of the stock in a transaction on Thursday, November 5th. The shares were acquired at an average price of $357.00 per share, with a total value of $299,880.00. Following the purchase, 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. The disclosure for this purchase is available in the SEC filing. Insiders purchased 7,869 shares of company stock valued at $823,771 in the last three months. 1.11% of the stock is currently owned by company insiders.

Taiwan Semiconductor Manufacturing Company 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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