Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Sold by R Squared Ltd

R Squared Ltd reduced its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 44.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,885 shares of the semiconductor company’s stock after selling 2,312 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 0.7% of R Squared Ltd’s investment portfolio, making the stock its 16th largest holding. R Squared Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $1,316,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TSM. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 63.0% during the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 450 shares of the semiconductor company’s stock worth $205,000 after acquiring an additional 174 shares during the period. CENTRAL TRUST Co lifted its position in Taiwan Semiconductor Manufacturing by 12.7% in the 3rd quarter. CENTRAL TRUST Co now owns 10,220 shares of the semiconductor company’s stock valued at $4,662,000 after acquiring an additional 1,149 shares in the last quarter. Fifth Third Bancorp boosted its stake in Taiwan Semiconductor Manufacturing by 16.1% in the 3rd quarter. Fifth Third Bancorp now owns 89,047 shares of the semiconductor company’s stock worth $40,622,000 after purchasing an additional 12,350 shares during the period. Artemis Wealth Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 0.3% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 23,067 shares of the semiconductor company’s stock worth $10,523,000 after purchasing an additional 67 shares during the period. Finally, King Luther Capital Management Corp boosted its stake in Taiwan Semiconductor Manufacturing by 1.9% in the 3rd quarter. King Luther Capital Management Corp now owns 6,656 shares of the semiconductor company’s stock worth $3,036,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of research reports. Sanford C. Bernstein increased their target price on Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. Weiss Ratings lowered Taiwan Semiconductor Manufacturing from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a “positive” rating in a research report on Thursday, July 16th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. Finally, Zacks Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Buy” and an average target price of $533.89.

Insider Transactions at Taiwan Semiconductor Manufacturing

In related news, Director Michael R. Splinter bought 840 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were acquired at an average price of $357.00 per share, with a total value of $299,880.00. Following the completion of the transaction, the director owned 8,405 shares in the company, valued at $3,000,585. The trade was a 11.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Lipen Yuan bought 1,000 shares of the stock in a transaction that occurred on Sunday, November 1st. The stock was bought at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the transaction, the vice president owned 8,000 shares of the company’s stock, valued at $571,920. The trade was a 14.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 7,869 shares of company stock valued at $823,771. Company insiders own 1.11% of the company’s stock.

Latest Taiwan Semiconductor Manufacturing News

Investors following TSM have been watching these news items:

• 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
• Neutral Sentiment: ETFs were net sellers of TSMC shares on Nov. 10, a potential near-term headwind for trading, but one day of fund flows does not establish a longer-term trend. ETFs Are Net Sellers of Taiwan Semiconductor
• 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

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $405.85 on Friday. The firm’s 50 day moving average is $430.47 and its 200-day moving average is $402.19. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. The company has a market capitalization 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. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $266.82 and a 12-month high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced 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 net margin of 51.51% and a return on equity of 42.84%. The business had revenue of $46.72 billion during the quarter, compared to analysts’ expectations of $45.67 billion. During the same quarter in the prior year, the company posted $2.92 earnings per share. The firm’s revenue was up 41.2% on a year-over-year basis. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 8th. Shareholders of record on Thursday, March 11th will be given a dividend of $1.3663 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.0854. The ex-dividend date of this dividend is Thursday, March 11th. This represents a $5.47 annualized dividend and a yield of 1.3%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 22.27%.

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.