Maryland State Retirement & Pension System Makes New Investment in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Maryland State Retirement & Pension System bought a new stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 21,408 shares of the semiconductor company’s stock, valued at approximately $9,766,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiduciary Advisors Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 200.0% during the 3rd quarter. Fiduciary Advisors Inc. now owns 60 shares of the semiconductor company’s stock worth $27,000 after buying an additional 40 shares during the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 88.2% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 30 shares during the last quarter. Markowski Investments purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $33,000. Heritage Family Offices LLP purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $37,000. Finally, Curry Webb Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $39,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $405.85 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $266.82 and a 1-year high of $487.47. The stock has a market cap of $2.10 trillion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. The firm has a fifty day moving average price of $430.47 and a 200 day moving average price of $402.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.15. The company had revenue of $46.72 billion during the quarter, compared to the consensus estimate of $45.67 billion. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.92 earnings per share. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Thursday, March 11th will be issued a $1.3663 dividend. This represents a $5.47 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, March 11th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.0854. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 22.27%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSM. Weiss Ratings cut Taiwan Semiconductor Manufacturing from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 16th. Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Finally, Stifel Nicolaus began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, September 1st. They set a “buy” rating and a $515.00 price objective on the stock. Three equities research 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 company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Buy” and an average price target of $533.89.

Key Stories Impacting Taiwan Semiconductor Manufacturing

These are some of the TSM stories that stood out recently:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year. The result points to continuing demand for advanced chips and supports the company’s growth outlook. TSMC Stocks Climb After Record October Revenue
• Negative Sentiment: A reported breach exposed personal data belonging to some current and former employees, with hackers reportedly seeking ransom in bitcoin. The incident raises reputational and cybersecurity concerns, though the articles do not indicate disruption to chip production. TSMC Stock Dips After Hackers Ransom Employee Data
• Negative Sentiment: NVIDIA’s leadership upheaval has rattled semiconductor shares, overshadowing TSMC’s strong October sales. Because TSMC supplies NVIDIA as well as other chip designers, the turmoil may create sector-wide uncertainty even as AI demand remains robust. TSMC Stocks Fall as NVIDIA Shake-Up Overshadows Record October Revenue

Insider Activity

In other news, VP Lipen Yuan purchased 1,000 shares of the company’s stock in a transaction that occurred on Sunday, November 1st. The shares were purchased at an average price of $71.49 per share, for a total transaction of $71,490.00. Following the purchase, the vice president directly owned 8,000 shares of the company’s stock, valued at $571,920. This represents a 14.29% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael R. Splinter purchased 840 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were purchased at an average cost of $357.00 per share, for a total transaction of $299,880.00. Following the transaction, the director owned 8,405 shares of the company’s stock, valued at $3,000,585. This trade represents a 11.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 7,869 shares of company stock valued at $823,771 over the last three months. Company insiders own 1.11% of the company’s stock.

Taiwan Semiconductor Manufacturing 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.