Baskin Financial Services Inc. Sells 3,006 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Baskin Financial Services Inc. trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 123,941 shares of the semiconductor company’s stock after selling 3,006 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 4.6% of Baskin Financial Services Inc.’s holdings, making the stock its 5th largest holding. Baskin Financial Services Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $56,541,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cooper Financial Group lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.3% in the 3rd quarter. Cooper Financial Group now owns 6,313 shares of the semiconductor company’s stock worth $2,880,000 after acquiring an additional 22 shares during the last quarter. Dickmeyer Boyce Financial Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the 3rd quarter. Dickmeyer Boyce Financial Management Inc. now owns 3,459 shares of the semiconductor company’s stock valued at $1,578,000 after purchasing an additional 23 shares in the last quarter. Plan A Wealth LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.9% during the 3rd quarter. Plan A Wealth LLC now owns 2,735 shares of the semiconductor company’s stock valued at $1,248,000 after purchasing an additional 24 shares during the last quarter. Twin City Private Wealth LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.3% during the 1st quarter. Twin City Private Wealth LLC now owns 7,315 shares of the semiconductor company’s stock valued at $2,479,000 after purchasing an additional 25 shares during the last quarter. Finally, Graves Light Lenhart Wealth Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.4% during the 2nd quarter. Graves Light Lenhart Wealth Inc. now owns 752 shares of the semiconductor company’s stock valued at $359,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Trending Headlines about Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: AI and high-performance computing demand remain the key catalyst. High-performance computing generated 68% of quarterly revenue and is growing faster than TSMC’s overall business, reinforcing the company’s position as the leading manufacturer for AI processors. The Most Important Number in Taiwan Semiconductor’s Earnings Report Was 68%
• Positive Sentiment: Nvidia’s next-generation memory plans could create additional business for TSMC. Reports indicate Nvidia wants Samsung, Micron and SK Hynix to use TSMC’s 3-nanometer process for high-bandwidth-memory base dies, potentially broadening TSMC’s role in AI chip production. Nvidia Wants Top Memory Makers to Use TSMC for Next-Gen HBM Base Dies
• Positive Sentiment: Capacity expansion signals confidence in multiyear demand. TSMC plans to spend approximately $60 billion to $64 billion on factories and equipment this year, while management expects elevated capital spending through 2028. CEO C.C. Wei also said AI chip demand remains well above available supply. TSMC Is Spending up to $64 Billion This Year
• Neutral Sentiment: Potential U.S. manufacturing partnerships could expand TSMC’s footprint. TSMC is reportedly discussing a possible tie-up with Elon Musk-backed Terafab, although any arrangement would depend on TSMC retaining operational control. Taiwan Semiconductor Could Partner With Elon Musk’s Terafab
• Negative Sentiment: Investors remain concerned about valuation, execution and sector-wide AI fears. TSMC has faced pressure alongside Asian chip stocks despite calling demand robust. The ramp of its N2 technology may weigh on margins, while the large capital-spending program increases execution and return-on-investment risks. TSMC Gets Sold on AI Fears Four Days After Calling Demand Extremely Robust

Insider Buying and Selling

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan acquired 350 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was acquired at an average price of $73.58 per share, for a total transaction of $25,753.00. Following the acquisition, the vice president owned 2,000 shares in the company, valued at $147,160. This represents a 21.21% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Bor-Zen Tien acquired 1,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was acquired at an average price of $73.06 per share, for a total transaction of $73,060.00. Following the completion of the transaction, the vice president owned 14,051 shares in the company, valued at approximately $1,026,566.06. The trade was a 7.66% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 13,043 shares of company stock valued at $970,386 over the last ninety days. 1.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSM. Zacks Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Bank of America upped their price target on shares of Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Weiss Ratings lowered shares of Taiwan Semiconductor Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Finally, Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. Three investment 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. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $528.78.

Taiwan Semiconductor Manufacturing Trading Up 2.3%

TSM traded up $9.63 during trading on Monday, hitting $422.24. 7,025,458 shares of the stock traded hands, compared to its average volume of 13,067,548. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. 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 50-day moving average of $434.71 and a 200 day moving average of $417.82. 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 data on Tuesday, September 8th. The semiconductor company reported $4.62 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The firm had revenue of $46.87 billion for the quarter. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.90 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be paid a $1.0854 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This is a drop from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.1136. This represents a $4.34 annualized dividend and a dividend yield of 1.0%. Taiwan Semiconductor Manufacturing’s payout ratio is 22.27%.

Taiwan Semiconductor Manufacturing Company 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.