Turning Point Benefit Group Inc. Acquires 3,464 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Turning Point Benefit Group Inc. increased its holdings in Taiwan Semiconductor Manufacturing Company by 117.7%, owning a total of 6,408 shares worth about $1,451,000.
• Recent analyst reports have boosted the price target for Taiwan Semiconductor Manufacturing, with Barclays raising it from $330 to $355 and Susquehanna from $300 to $400, indicating a positive outlook.
• The company reported a strong quarterly earnings beat with $2.92 EPS, exceeding estimates of $2.59, and announced an increase in its quarterly dividend to $0.8348, reflecting continued financial strength.

Turning Point Benefit Group Inc. raised its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 117.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,408 shares of the semiconductor company's stock after acquiring an additional 3,464 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 1.1% of Turning Point Benefit Group Inc.'s holdings, making the stock its 16th largest holding. Turning Point Benefit Group Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $1,451,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. 1248 Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $28,000. Graybill Wealth Management LTD. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth approximately $33,000. Vision Financial Markets LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $33,000. Finally, Keener Financial Planning LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter worth approximately $39,000. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a "positive" rating in a research report on Friday, October 10th. Weiss Ratings reissued a "hold (c+)" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 8th. Itau BBA Securities began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an "outperform" rating on the stock. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, October 17th. Finally, Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $371.67.

Taiwan Semiconductor Manufacturing Stock Up 0.9%

NYSE:TSM opened at $291.43 on Thursday. The company has a current ratio of 2.37, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $311.37. The company has a market cap of $1.51 trillion, a PE ratio of 29.84, a P/E/G ratio of 0.99 and a beta of 1.28. The company's 50 day moving average is $265.24 and its two-hundred day moving average is $224.45.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.33. The company had revenue of $32.36 billion during the quarter, compared to analyst estimates of $951.89 billion. Taiwan Semiconductor Manufacturing had a return on equity of 36.06% and a net margin of 43.72%.The firm's quarterly revenue was up 40.1% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. Taiwan Semiconductor Manufacturing has set its Q4 2025 guidance at EPS. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a $0.8348 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. The ex-dividend date is Thursday, December 11th. This represents a $3.34 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 26.67%.

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.

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