Freemont Capital Pte Ltd Purchases New Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Freemont Capital Pte Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 2,100 shares of the semiconductor company’s stock, valued at approximately $958,000. Taiwan Semiconductor Manufacturing makes up about 0.0% of Freemont Capital Pte Ltd’s holdings, making the stock its 4th biggest position.

A number of other institutional investors have also added to or reduced their stakes in TSM. Brookstone Capital Management lifted its position in shares of Taiwan Semiconductor Manufacturing by 87.3% in the second quarter. Brookstone Capital Management now owns 25,143 shares of the semiconductor company’s stock worth $12,008,000 after buying an additional 11,719 shares in the last quarter. Opal Capital LLC grew its holdings in Taiwan Semiconductor Manufacturing by 72.5% during the 1st quarter. Opal Capital LLC now owns 27,767 shares of the semiconductor company’s stock valued at $9,384,000 after buying an additional 11,666 shares in the last quarter. Western Wealth Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 27.4% during the 1st quarter. Western Wealth Management LLC now owns 27,954 shares of the semiconductor company’s stock valued at $9,447,000 after buying an additional 6,013 shares in the last quarter. MRA Advisory Group purchased a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $704,000. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $6,129,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other news, VP Lipen Yuan acquired 1,000 shares of the firm’s stock in a transaction on Sunday, November 1st. The stock was acquired at an average price of $71.49 per share, with a total value of $71,490.00. Following the completion of the purchase, the vice president directly owned 8,000 shares in the company, valued at approximately $571,920. This trade represents a 14.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Splinter acquired 840 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was purchased at an average cost of $357.00 per share, with a total value of $299,880.00. Following the purchase, the director owned 8,405 shares of the company’s stock, valued at $3,000,585. The trade was a 11.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 6,268 shares of company stock worth $710,901 over the last three months. 1.11% of the stock is currently owned by corporate insiders.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $388.95 on Tuesday. The firm has a 50-day moving average price of $431.09 and a 200-day moving average price of $401.08. The firm has a market capitalization of $2.02 trillion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.44. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14. 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 released its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.15. The firm 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 revenue for the quarter was up 41.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.92 EPS. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TSM. Sanford C. Bernstein upped their price objective on Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Zacks Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 16th. Finally, Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a “positive” rating in a research report on Thursday, July 16th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $533.89.

Taiwan Semiconductor Manufacturing News Summary

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

• Positive Sentiment: Taiwanese regulators tightened short-selling limits and authorized a NT$500 billion stabilization fund. The measures helped lift local-market sentiment and supported TSMC shares. TSMC Stocks Rise as Taiwan Curbs Short Selling and Deploys Stabilization Fund
• Positive Sentiment: A director disclosed buying 840 shares for about $300,000, increasing his direct holdings by 11.1%. Insider purchases can be viewed as a signal of confidence, although one transaction does not establish a broader trend. SEC filing on director share purchase
• Positive Sentiment: Eleven ETFs reportedly added TSMC shares, suggesting investment-fund demand that may provide some support. 11 ETFs Add to Taiwan Semiconductor
• Neutral Sentiment: Coverage was inconsistent about TSMC entering advanced memory production: one report suggested it may make memory for NVIDIA, while another said TSMC remains focused on logic chips. The uncertainty may affect expectations for future competition, but the reports do not establish a confirmed change in strategy. Report on possible advanced memory production

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.