Insider Buying: Taiwan Semiconductor Manufacturing (NYSE:TSM) CEO Purchases 155 Shares of Company Stock

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) CEO Che-Chia Wei acquired 155 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Friday, November 6th. The shares were acquired at an average price of $70.50 per share, with a total value of $10,927.50. Following the completion of the transaction, the chief executive officer owned 18,435 shares of the company’s stock, valued at approximately $1,299,667.50. This trade represents a 0.85% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Che-Chia Wei also recently made the following trade(s):

• On Wednesday, October 7th, Che-Chia Wei acquired 144 shares of Taiwan Semiconductor Manufacturing stock. The stock was acquired at an average cost of $79.39 per share, with a total value of $11,432.16.
• On Monday, September 7th, Che-Chia Wei bought 149 shares of Taiwan Semiconductor Manufacturing stock. The stock was acquired at an average price of $76.20 per share, for a total transaction of $11,353.80.

Taiwan Semiconductor Manufacturing Stock Up 3.6%

Shares of Taiwan Semiconductor Manufacturing stock opened at $388.95 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $266.82 and a 1-year high of $487.47. The business’s fifty day moving average price is $431.09 and its two-hundred day moving average price is $401.08. The company has a market capitalization of $2.02 trillion, a P/E ratio of 25.03, a PEG ratio of 0.80 and a beta of 1.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results 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 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 company’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.92 earnings per share. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.

More Taiwan Semiconductor Manufacturing News

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They set a “buy” rating and a $515.00 target price on the stock. Susquehanna upped 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. Needham & Company LLC increased their price objective on Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. Wall Street Zen cut Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $500.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 16th. Three research 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 company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Buy” and a consensus price target of $533.89.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky grew its position in shares of Taiwan Semiconductor Manufacturing by 6.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 152,940 shares of the semiconductor company’s stock valued at $69,770,000 after purchasing an additional 9,040 shares during the last quarter. Morse Asset Management Inc boosted its stake in Taiwan Semiconductor Manufacturing by 0.9% during the 3rd quarter. Morse Asset Management Inc now owns 27,913 shares of the semiconductor company’s stock valued at $12,734,000 after purchasing an additional 243 shares during the period. GatePass Capital LLC boosted its stake in Taiwan Semiconductor Manufacturing by 26.3% during the 3rd quarter. GatePass Capital LLC now owns 926 shares of the semiconductor company’s stock valued at $423,000 after purchasing an additional 193 shares during the period. Silver Oak Securities Incorporated grew its holdings in Taiwan Semiconductor Manufacturing by 6.8% in the 3rd quarter. Silver Oak Securities Incorporated now owns 27,149 shares of the semiconductor company’s stock valued at $12,385,000 after buying an additional 1,731 shares during the last quarter. Finally, Wall Street Financial Group Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 25.4% in the 3rd quarter. Wall Street Financial Group Inc. now owns 631 shares of the semiconductor company’s stock valued at $288,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Company 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.