Taiwan Semiconductor Manufacturing Company Ltd. $TSM Holdings Increased by Tenzing Global Management LLC

Key Points

• Tenzing Global Management LLC increased its stake in Taiwan Semiconductor Manufacturing Company Ltd. by 50.0% in the first quarter, raising its total ownership to 45,000 shares valued at approximately $7.47 million.
• The company reported strong quarterly earnings with an EPS of $2.47, surpassing analyst expectations, and revenue increased by 44.4% year-over-year to $30.07 billion.
• Taiwan Semiconductor's quarterly dividend was raised to $0.8348 per share, which represents an annual yield of 1.4%, with the next payment scheduled for January 8, 2024.

Tenzing Global Management LLC grew its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 50.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,000 shares of the semiconductor company's stock after acquiring an additional 15,000 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 5.4% of Tenzing Global Management LLC's portfolio, making the stock its 7th biggest position. Tenzing Global Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $7,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. Brighton Jones LLC increased its position in Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after buying an additional 1,892 shares in the last quarter. CoreCap Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 21.3% during the 4th quarter. CoreCap Advisors LLC now owns 3,683 shares of the semiconductor company's stock valued at $727,000 after buying an additional 646 shares in the last quarter. First Manhattan CO. LLC. increased its position in Taiwan Semiconductor Manufacturing by 50.0% during the 4th quarter. First Manhattan CO. LLC. now owns 35,793 shares of the semiconductor company's stock valued at $7,091,000 after buying an additional 11,926 shares in the last quarter. Fiduciary Trust Co increased its position in Taiwan Semiconductor Manufacturing by 6.5% during the 4th quarter. Fiduciary Trust Co now owns 4,428 shares of the semiconductor company's stock valued at $874,000 after buying an additional 271 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its position in Taiwan Semiconductor Manufacturing by 578.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 27,004 shares of the semiconductor company's stock valued at $5,333,000 after buying an additional 23,025 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded up $3.50 during trading hours on Monday, hitting $246.91. 12,960,408 shares of the stock traded hands, compared to its average volume of 9,579,977. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.15. The firm's 50 day moving average price is $236.57 and its 200-day moving average price is $201.22. The stock has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 1.16 and a beta of 1.23. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.34. The business had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.The company's quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.48 EPS. Taiwan Semiconductor Manufacturing has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be paid a $0.8348 dividend. The ex-dividend date is Thursday, December 11th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. This represents a $3.34 dividend on an annualized basis and a dividend yield of 1.4%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 28.16%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSM. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Barclays reaffirmed an "overweight" rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $258.33.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.