Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Sold by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC trimmed its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 17.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,965 shares of the semiconductor company’s stock after selling 2,853 shares during the period. Quadcap Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $6,371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Fiduciary Advisors Inc. boosted 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 valued at $27,000 after acquiring an additional 40 shares during the period. Cedar Mountain Advisors LLC grew its position in 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. Financial Freedom LLC bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $32,000. Markowski Investments purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth $33,000. Finally, Curry Webb Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth $39,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 11.0%

Shares of NYSE TSM opened at $352.19 on Friday. 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 $1.83 trillion, a price-to-earnings ratio of 22.66, a PEG ratio of 0.80 and a beta of 1.44. The stock has a 50 day moving average price of $432.74 and a 200 day moving average price of $400.53. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $266.82 and a 52-week high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.15. The company had revenue of $46.72 billion for 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%. Taiwan Semiconductor Manufacturing’s revenue was up 41.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.92 earnings per share. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be issued a $1.0854 dividend. The ex-dividend date is Thursday, December 10th. This represents a $4.34 annualized dividend and a dividend yield of 1.2%. This is a negative change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 22.27%.

More Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Bernstein raised its price target to $600 and reiterated an “outperform” rating, signaling confidence in TSMC’s outlook. Article: Bernstein price target
• Positive Sentiment: ETFs purchased $146.2 million of TSM shares on Nov. 3, a potential counterpoint to recent market selling. Article: TSM sees ETF buying
• Positive Sentiment: Coverage highlights TSMC’s position as a manufacturer for multiple AI-chip designers, giving it exposure to sector growth without depending on one chipmaker. The company has also recently posted a third consecutive earnings beat, while AI-chip demand reportedly continues to outstrip supply. Article: AMD vs. TSMC and the AI sell-off
• Neutral Sentiment: Investors are awaiting TSMC’s next monthly sales reading, due Nov. 10, to gauge whether demand can sustain the growth implied by the company’s recent results. Article: TSMC sales data and quarterly hurdle
• Negative Sentiment: The main near-term drag appears to be sector-wide risk aversion: semiconductor shares sold off sharply as investors reassessed AI spending, growth expectations, and valuations. That selling has weighed on TSMC despite positive demand indicators; September global chip-sales data cited in coverage showed strong year-over-year growth. Article: Global chip sales and semiconductor sell-off

Wall Street Analyst Weigh In

TSM has been the subject of several research analyst reports. Sanford C. Bernstein lifted their target price on Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. Susquehanna raised 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 note on Thursday, July 16th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Finally, Zacks Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $533.89.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing

In other news, VP Lipen Yuan bought 1,000 shares of the stock in a transaction on Sunday, November 1st. The stock was acquired at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the acquisition, the vice president owned 8,000 shares of the company’s stock, valued at $571,920. This represents a 14.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders acquired 5,428 shares of company stock valued at $411,021. 1.11% of the stock is currently owned by corporate insiders.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), commonly known as TSMC, is a dedicated semiconductor foundry headquartered in Hsinchu, Taiwan. The company manufactures integrated circuits for customers that design their own chips, allowing semiconductor, electronics, and technology companies to outsource production rather than operate their own fabrication facilities.

TSMC provides wafer fabrication services across a broad range of process technologies, including advanced nodes used in high-performance computing, smartphones, automotive systems, and artificial intelligence applications.