Taiwan Semiconductor Manufacturing (NYSE:TSM) CEO Buys $10,927.50 in Stock

Key Points

• TSMC CEO Che-Chia Wei bought 155 shares for $10,927.50 at an average price of $70.50, increasing his ownership by 0.85% to 18,435 shares.
• For its latest reported quarter, TSMC posted earnings of $4.60 per share, beating estimates of $4.45, while revenue rose 41.2% year over year to $46.72 billion.
• Analysts maintain a consensus Buy rating and a $533.89 average price target, though one research firm recently downgraded the stock to Hold.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Get Free Report) CEO Che-Chia Wei acquired 155 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Friday, November 6th. The stock was purchased at an average price of $70.50 per share, with a total value of $10,927.50. Following the completion of the purchase, the chief executive officer owned 18,435 shares of the company's stock, valued at approximately $1,299,667.50. The trade was a 0.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Che-Chia Wei also recently made the following trade(s):

• On Wednesday, October 7th, Che-Chia Wei acquired 144 shares of Taiwan Semiconductor Manufacturing stock. The stock was acquired at an average price of $79.39 per share, for a total transaction of $11,432.16.
• On Monday, September 7th, Che-Chia Wei bought 149 shares of Taiwan Semiconductor Manufacturing stock. The shares were acquired at an average price of $76.20 per share, with a total value of $11,353.80.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $388.95 on Tuesday. The company has a market capitalization of $2.02 trillion, a P/E ratio of 25.03, a P/E/G ratio of 0.80 and a beta of 1.44. The business's 50-day moving average is $431.09 and its two-hundred day moving average is $401.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 EPS for the quarter, topping the consensus estimate of $4.45 by $0.15. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The firm had revenue of $46.72 billion for the quarter, compared to analyst estimates of $45.67 billion. During the same period last year, the company earned $2.92 earnings per share. Taiwan Semiconductor Manufacturing's revenue for the quarter was up 41.2% compared to the same quarter last year. Research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 earnings per share for the current year.

Institutional Trading of Taiwan Semiconductor Manufacturing

Institutional investors have recently modified their holdings of the stock. Brookstone Capital Management grew its stake in Taiwan Semiconductor Manufacturing by 87.3% in the second quarter. Brookstone Capital Management now owns 25,143 shares of the semiconductor company's stock worth $12,008,000 after purchasing an additional 11,719 shares in the last quarter. Opal Capital LLC lifted its holdings in shares of 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 boosted its position in Taiwan Semiconductor Manufacturing by 27.4% during the 1st quarter. Western Wealth Management LLC now owns 27,954 shares of the semiconductor company's stock valued at $9,447,000 after purchasing an additional 6,013 shares during the period. MRA Advisory Group bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $704,000. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth $6,129,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TSM. Weiss Ratings lowered shares of Taiwan Semiconductor Manufacturing from a "buy (b)" rating to a "hold (c+)" rating in a research note on Wednesday, November 4th. Sanford C. Bernstein upped their price target on Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an "outperform" rating in a report on Wednesday, November 4th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an "overweight" rating in a report on Friday, October 16th. Stifel Nicolaus began coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, September 1st. They set a "buy" rating and a $515.00 price target on the stock. Finally, Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Buy" and a consensus price target of $533.89.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Taiwanese regulators tightened short-selling limits and authorized a NT$500 billion stabilization fund. The measures helped lift local-market sentiment and supported TSMC shares. TSMC Stocks Rise as Taiwan Curbs Short Selling and Deploys Stabilization Fund
• Positive Sentiment: A director disclosed buying 840 shares for about $300,000, increasing his direct holdings by 11.1%. Insider purchases can be viewed as a signal of confidence, although one transaction does not establish a broader trend. SEC filing on director share purchase
• Positive Sentiment: Eleven ETFs reportedly added TSMC shares, suggesting investment-fund demand that may provide some support. 11 ETFs Add to Taiwan Semiconductor
• Neutral Sentiment: Coverage was inconsistent about TSMC entering advanced memory production: one report suggested it may make memory for NVIDIA, while another said TSMC remains focused on logic chips. The uncertainty may affect expectations for future competition, but the reports do not establish a confirmed change in strategy. Report on possible advanced memory production

About Taiwan Semiconductor Manufacturing

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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