Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Purchased by Private Advisory Group LLC

Private Advisory Group LLC grew its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 5.7% in the third quarter, HoldingsChannel.com reports. The fund owned 64,417 shares of the semiconductor company’s stock after acquiring an additional 3,496 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 1.6% of Private Advisory Group LLC’s investment portfolio, making the stock its 13th biggest position. Private Advisory Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $29,386,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Tiger Global Management LLC increased its position 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 worth $1,880,717,000 after purchasing an additional 1,839,600 shares during the period. Fundsmith LLP acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $548,465,000. Assenagon Asset Management S.A. bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth about $490,461,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth about $444,923,000. Finally, Russell Investments Group Ltd. lifted its position in Taiwan Semiconductor Manufacturing by 12.5% during the third 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 period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing News Roundup

Here’s some of the latest news about TSM:

• 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
• Positive Sentiment: TSMC’s board approved investments of up to $500 million each in OpenAI and Anthropic, broadening its exposure to AI beyond chip manufacturing. The strategic move may reinforce ties with major AI customers, though its financial payoff is uncertain. TSMC Approves Up to $1 Billion Investment Plan in Anthropic and OpenAI
• 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

Wall Street Analyst Weigh In

Several equities analysts have commented on TSM shares. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. Sanford C. Bernstein upped their price target 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. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Finally, DA Davidson restated a “buy” rating and set a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 16th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $533.89.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $405.85 on Friday. The business has a fifty day simple moving average of $430.47 and a 200 day simple moving average of $402.19. The company has a market cap of $2.10 trillion, a P/E ratio of 26.12, a P/E/G ratio of 0.82 and a beta of 1.44. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $266.82 and a twelve month high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.15. The firm 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%. The business’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.92 earnings per share. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders 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 dividend yield of 1.3%. The ex-dividend date is Thursday, March 11th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.0854. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 22.27%.

Insider Activity at Taiwan Semiconductor Manufacturing

In related news, Director Michael R. Splinter acquired 840 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 8,405 shares in the company, valued at $3,000,585. This trade represents a 11.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lipen Yuan acquired 1,000 shares of the company’s stock in a transaction that occurred on Sunday, November 1st. The stock was bought at an average cost of $71.49 per share, with a total value of $71,490.00. Following the purchase, the vice president owned 8,000 shares in the company, valued at $571,920. The trade was a 14.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 7,869 shares of company stock worth $823,771 over the last ninety days. 1.11% of the stock is currently owned by insiders.

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.