Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab lessened its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 31.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 124,163 shares of the semiconductor company’s stock after selling 56,347 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 0.9% of Danica Pension Livsforsikringsaktieselskab’s holdings, making the stock its 21st biggest holding. Danica Pension Livsforsikringsaktieselskab’s holdings in Taiwan Semiconductor Manufacturing were worth $56,642,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Fisher Asset Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.4% during the third quarter. Fisher Asset Management LLC now owns 18,932,587 shares of the semiconductor company’s stock valued at $8,636,858,000 after purchasing an additional 66,389 shares during the last quarter. Tiger Global Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 49.4% in the first quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company’s stock valued at $1,880,717,000 after purchasing an additional 1,839,600 shares in the last quarter. Russell Investments Group Ltd. raised its position in Taiwan Semiconductor Manufacturing by 12.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,057,858 shares of the semiconductor company’s stock worth $1,851,187,000 after purchasing an additional 451,966 shares during the last quarter. Sei Investments Co. raised its position in Taiwan Semiconductor Manufacturing by 11.8% in the 1st quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company’s stock worth $875,802,000 after purchasing an additional 274,389 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Taiwan Semiconductor Manufacturing by 67.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,717,515 shares of the semiconductor company’s stock worth $783,513,000 after purchasing an additional 690,523 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Taiwan Semiconductor Manufacturing

Investors following TSM have been watching these stories:

• Positive Sentiment: The company announced an approximately 41% year-over-year increase in its quarterly dividend to about $1.37 per ADS, a positive signal for shareholder returns, though the higher payout is not expected to be reflected immediately in distributions. TSMC dividend information
• Neutral Sentiment: NVIDIA’s leadership shake-up is adding uncertainty across chip stocks. TSMC may benefit from serving multiple chip designers, but tighter export controls could create broader industry headwinds. NVIDIA’s November 17 earnings report is a near-term test of AI-chip demand. Article: Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
• Negative Sentiment: TSMC confirmed that current and former employees’ personal data was exposed through a cloud provider. Reports say hackers are demanding 3 bitcoin over about 46,000 records, raising cybersecurity and reputational concerns. Article: TSMC Confirms Employee Data Leak Through Cloud Provider

Insider Transactions at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan purchased 1,000 shares of the stock in a transaction 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 completion of the acquisition, the vice president directly owned 8,000 shares of the company’s stock, valued at $571,920. The trade was a 14.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Splinter purchased 840 shares of the stock in a transaction on Thursday, November 5th. The stock was acquired at an average price of $357.00 per share, with a total value of $299,880.00. Following the completion of the acquisition, the director directly owned 8,405 shares of the company’s stock, valued at approximately $3,000,585. This represents a 11.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 7,869 shares of company stock valued at $823,771. Insiders own 1.11% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 1.5%

TSM traded down $5.99 during mid-day trading on Friday, hitting $399.50. The stock had a trading volume of 10,704,547 shares, compared to its average volume of 14,768,286. The stock’s fifty day simple moving average is $430.12 and its 200-day simple moving average is $402.49. 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 market capitalization of $2.07 trillion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $266.82 and a 1-year high of $487.47.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 8th. Shareholders of record on Thursday, March 11th will be paid a $1.3663 dividend. The ex-dividend date of this dividend is Thursday, March 11th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.0854. This represents a $5.47 dividend on an annualized basis and a yield of 1.4%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 22.07%.

Analyst Upgrades and Downgrades

TSM has been the topic of several research reports. Stifel Nicolaus began coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, September 1st. They set a “buy” rating and a $515.00 price objective on the stock. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Needham & Company LLC boosted their target price on Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Finally, Weiss Ratings lowered Taiwan Semiconductor Manufacturing from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $533.89.

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.