Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Sold by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. reduced its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 19.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 72,898 shares of the semiconductor company’s stock after selling 17,434 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 3.1% of Cabot Wealth Management Inc.’s holdings, making the stock its 5th largest position. Cabot Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $33,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management grew its stake in shares of Taiwan Semiconductor Manufacturing by 87.3% during the 2nd quarter. Brookstone Capital Management now owns 25,143 shares of the semiconductor company’s stock worth $12,008,000 after purchasing an additional 11,719 shares during the period. Opal Capital LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 72.5% in the 1st quarter. Opal Capital LLC now owns 27,767 shares of the semiconductor company’s stock valued at $9,384,000 after purchasing an additional 11,666 shares in the last quarter. Western Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 27.4% in the first quarter. Western Wealth Management LLC now owns 27,954 shares of the semiconductor company’s stock valued at $9,447,000 after purchasing an additional 6,013 shares during the period. MRA Advisory Group acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at about $704,000. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at about $6,129,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 4.1%

Taiwan Semiconductor Manufacturing stock opened at $412.74 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. The firm has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47. The stock’s fifty day moving average is $430.67 and its two-hundred day moving average is $401.82.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share 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 return on equity of 42.84% and a net margin of 51.51%. The business’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same quarter last year, the business posted $2.92 earnings per share. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.46 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 8th. Investors of record on Thursday, March 11th will be paid a $1.3663 dividend. This represents a $5.47 dividend on an annualized basis and a yield of 1.3%. 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. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 22.27%.

Taiwan Semiconductor Manufacturing News Roundup

These are some of the TSM news items that stood out recently:

• Positive Sentiment: The board approved investments of up to $1 billion combined in OpenAI and Anthropic. Investors may see the stakes as a way to strengthen ties with major AI customers and broaden TSMC’s exposure to the AI expansion, although the investments are not chip sales. TSMC approves up to $1 billion investment plan in Anthropic and OpenAI
• Positive Sentiment: TSMC raised its quarterly dividend, adding a shareholder-return signal alongside its strong operating results. Multiple executives and a director also disclosed recent share purchases, which may be viewed as a modest sign of insider confidence. Taiwan Semiconductor Manufacturing company information
• Negative Sentiment: AI stocks remain volatile after a sector sell-off. TSMC’s strong sales may also raise expectations, leaving the stock vulnerable if future demand or guidance falls short of the elevated growth outlook. AI sell-off: Buy ANET, TSM and MU?

Insider Transactions at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan bought 1,000 shares of the business’s stock in a transaction on Sunday, November 1st. The stock was bought at an average price of $71.49 per share, for a total transaction of $71,490.00. Following the completion of the transaction, the vice president owned 8,000 shares in the company, valued at approximately $571,920. The trade was a 14.29% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael R. Splinter purchased 840 shares of Taiwan Semiconductor Manufacturing stock in a transaction on Thursday, November 5th. The stock was acquired at an average cost of $357.00 per share, for a total transaction of $299,880.00. Following 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 SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 7,869 shares of company stock worth $823,771. 1.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on TSM. Sanford C. Bernstein boosted their price objective on shares of 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 cut shares of Taiwan Semiconductor Manufacturing from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a “hold” rating in a report on Friday, July 17th. DA Davidson reiterated a “buy” rating and set a $500.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 16th. Finally, Stifel Nicolaus initiated coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They set a “buy” rating and a $515.00 price target 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.