Taiwan Semiconductor Manufacturing (NYSE:TSM) Director Michael Splinter Purchases 840 Shares of Company Stock

Key Points

• Director Michael Splinter bought 840 TSMC shares at $357 each, a $299,880 purchase that increased his stake by 11.1% to 8,405 shares.
• TSMC beat quarterly earnings and revenue expectations, reporting EPS of $4.60 and revenue of $46.72 billion; revenue rose 41.2% year over year.
• The company lowered its quarterly dividend to $1.0854 from $1.1136. Analysts’ average rating was “Buy,” with an average price target of $533.89.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Get Free Report) Director Michael Splinter purchased 840 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average cost of $357.00 per share, with a total value of $299,880.00. Following the acquisition, the director owned 8,405 shares in the company, valued at $3,000,585. The trade was a 11.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Taiwan Semiconductor Manufacturing Trading Down 0.1%

TSM opened at $375.15 on Monday. The firm has a market cap of $1.95 trillion, a P/E ratio of 24.14, a P/E/G ratio of 0.76 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $266.82 and a 12 month high of $487.47. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average of $431.68 and a 200 day moving average of $400.77.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Thursday, December 10th will be paid a $1.0854 dividend. This is a decrease from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. This represents a $4.34 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 10th. Taiwan Semiconductor Manufacturing's payout ratio is currently 22.27%.

Institutional Trading of Taiwan Semiconductor Manufacturing

Institutional investors and hedge funds have recently made changes to their positions in the business. Pensioenfonds Rail & OV purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $5,794,000. IFG Advisory LLC raised its stake in Taiwan Semiconductor Manufacturing by 9.8% in the 3rd quarter. IFG Advisory LLC now owns 12,591 shares of the semiconductor company's stock valued at $5,744,000 after purchasing an additional 1,122 shares during the last quarter. Trillium Asset Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 0.7% in the 3rd quarter. Trillium Asset Management LLC now owns 153,537 shares of the semiconductor company's stock valued at $70,043,000 after purchasing an additional 1,038 shares in the last quarter. Avise Financial Cooperative Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 5.6% in the 3rd quarter. Avise Financial Cooperative Inc. now owns 2,337 shares of the semiconductor company's stock valued at $1,066,000 after purchasing an additional 124 shares in the last quarter. Finally, Optas LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 4.2% in the 3rd quarter. Optas LLC now owns 2,283 shares of the semiconductor company's stock valued at $1,041,000 after purchasing an additional 92 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSM. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 4th. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Stifel Nicolaus began coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, September 1st. They issued a "buy" rating and a $515.00 price objective on the stock. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a "positive" rating in a research note on Thursday, July 16th. Finally, DA Davidson reissued a "buy" rating and issued a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 16th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $533.89.

More Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Taiwan tightened short-selling rules and prepared a reported $15 billion fund to support its markets, helping lift TSMC shares in premarket trading after the regional chip rout. Benzinga article
• Positive Sentiment: Nvidia reportedly wants TSMC to make advanced memory chips. If TSMC pursues the opportunity, it could broaden its role in AI hardware and deepen ties with a major customer; the report describes a possibility, not a confirmed project. TipRanks article
• Positive Sentiment: Sanford C. Bernstein raised its price target to $600 from $554 and reiterated an “outperform” rating, signaling confidence in TSMC’s prospects despite the recent sector weakness. MarketBeat analyst update
• Neutral Sentiment: TSMC’s position as a leading manufacturer for Nvidia, AMD and other chip designers supports exposure to AI demand across competing customers. Some coverage also argues the shares trade below their usual valuation range, though that does not ensure a near-term recovery. The Motley Fool article
• Negative Sentiment: The rebound follows a steep regional chip-stock selloff amid worries about AI valuations, spending expectations and growth. That market-wide pressure could keep TSM volatile even as its manufacturing business benefits from AI demand. 24/7 Wall St. article

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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