6,436 Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG cut its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 260,438 shares of the semiconductor company’s stock after selling 6,436 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 2.2% of Bank Pictet & Cie Europe AG’s portfolio, making the stock its 11th largest holding. Bank Pictet & Cie Europe AG’s holdings in Taiwan Semiconductor Manufacturing were worth $118,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TSM. 55 North Private Wealth LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 13.9% during the third quarter. 55 North Private Wealth LLC now owns 4,027 shares of the semiconductor company’s stock worth $1,837,000 after buying an additional 490 shares during the period. Hyperion Asset Management Ltd grew its holdings in shares of Taiwan Semiconductor Manufacturing by 69.3% during the third quarter. Hyperion Asset Management Ltd now owns 447,377 shares of the semiconductor company’s stock worth $204,089,000 after buying an additional 183,081 shares during the last quarter. Climber Capital SA acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $981,000. Genesee Capital Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $220,000. Finally, Commonwealth Financial Services LLC raised its stake in Taiwan Semiconductor Manufacturing by 14.0% during the 3rd quarter. Commonwealth Financial Services LLC now owns 3,477 shares of the semiconductor company’s stock valued at $1,586,000 after acquiring an additional 426 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TSM shares. 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 objective for the company. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a “hold” rating in a report on Friday, July 17th. Sanford C. Bernstein boosted their target price on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. Three investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $528.78.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing

In related news, VP Lipen Yuan bought 1,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $74.50 per share, for a total transaction of $74,500.00. Following the transaction, the vice president owned 6,000 shares of the company’s stock, valued at approximately $447,000. This trade represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Bor-Zen Tien purchased 1,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of $73.06 per share, for a total transaction of $73,060.00. Following the completion of the purchase, the vice president owned 14,051 shares in the company, valued at approximately $1,026,566.06. This trade represents a 7.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 8,043 shares of company stock valued at $598,956 in the last quarter. 1.11% of the stock is currently owned by company insiders.

Trending Headlines about Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: TSMC’s latest results showed record profitability, a 69% increase in profit and high-performance computing contributing approximately 68% of quarterly revenue. Management also raised its outlook, reinforcing expectations that AI and data-center demand will remain strong. The Most Important Number in Taiwan Semiconductor’s Earnings Report Was 68%
• Positive Sentiment: Demand continues to exceed available supply, while TSMC is investing billions of dollars to expand production in the United States. The spending could increase capacity and strengthen relationships with major AI and data-center customers. A $4 Billion Reason to Buy TSMC Stock Now
• Positive Sentiment: Nvidia is reportedly encouraging Samsung, Micron and SK Hynix to use TSMC’s 3-nanometer process for next-generation high-bandwidth-memory base dies. If adopted, the arrangement could expand TSMC’s role in AI-chip manufacturing beyond traditional wafer production. Nvidia Wants Top Memory Makers to Use TSMC for Next-Gen HBM Base Dies
• Positive Sentiment: Industry forecasts call for rapid growth in FinFET, 3D-chip and wafer-foundry markets as AI, high-performance computing and data centers require faster, denser and more energy-efficient silicon. TSMC is positioned as a leading beneficiary alongside Nvidia, Samsung and other chip companies. FinFET Technology Global Strategic Business Report
• Neutral Sentiment: Analysts and market commentators view TSM’s recent pullback from its October high as a potential buying opportunity, with Zacks upgrading the stock to Rank #1, or Strong Buy. However, the shares still trade at a sizable valuation after a substantial rally.
• Negative Sentiment: Near-term gross-margin pressure is expected from the 2-nanometer ramp and overseas-fab expansion. TSMC also faced broader semiconductor selling as investors questioned AI valuations and unwound the crowded chip trade, creating volatility despite robust underlying demand. TSMC Gets Sold on AI Fears Four Days After Calling Demand Extremely Robust

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded up $6.47 during trading hours on Tuesday, reaching $426.69. 6,465,498 shares of the company’s stock were exchanged, compared to its average volume of 13,061,418. The company has a market cap of $2.21 trillion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. The company’s 50 day moving average is $434.73 and its two-hundred day moving average is $418.40. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $266.82 and a 1 year high of $487.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Tuesday, September 8th. The semiconductor company reported $4.62 EPS for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The business had revenue of $46.87 billion during the quarter. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.90 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be given a $1.0854 dividend. The ex-dividend date is Thursday, December 10th. This is a negative change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.1136. This represents a $4.34 annualized dividend and a yield of 1.0%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 22.27%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), commonly known as TSMC, is a dedicated semiconductor foundry headquartered in Hsinchu, Taiwan. The company manufactures integrated circuits for customers that design their own chips, allowing semiconductor, electronics, and technology companies to outsource production rather than operate their own fabrication facilities.

TSMC provides wafer fabrication services across a broad range of process technologies, including advanced nodes used in high-performance computing, smartphones, automotive systems, and artificial intelligence applications.