Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock: Brighton Jones LLC Grows Position

Brighton Jones LLC boosted its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 31.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,527 shares of the semiconductor company’s stock after purchasing an additional 5,807 shares during the quarter. Brighton Jones LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $11,189,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Candriam S.C.A. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.5% in the 3rd quarter. Candriam S.C.A. now owns 620,955 shares of the semiconductor company’s stock valued at $284,308,000 after purchasing an additional 15,283 shares during the last quarter. Point Nemo Capital LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 5.8% during the 3rd quarter. Point Nemo Capital LLC now owns 5,545 shares of the semiconductor company’s stock valued at $2,529,000 after buying an additional 304 shares during the period. Cullinan Associates Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $754,000. Ethic Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 7.7% during the 3rd quarter. Ethic Inc. now owns 108,309 shares of the semiconductor company’s stock valued at $49,409,000 after buying an additional 7,756 shares during the period. Finally, StoneX Group Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 27.6% during the 3rd quarter. StoneX Group Inc. now owns 7,895 shares of the semiconductor company’s stock worth $3,496,000 after buying an additional 1,708 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Taiwan tightened short-selling rules and prepared a reported $15 billion fund to support its markets, helping lift TSMC shares in premarket trading after the regional chip rout. Benzinga article
• Positive Sentiment: Nvidia reportedly wants TSMC to make advanced memory chips. If TSMC pursues the opportunity, it could broaden its role in AI hardware and deepen ties with a major customer; the report describes a possibility, not a confirmed project. TipRanks article
• Positive Sentiment: Sanford C. Bernstein raised its price target to $600 from $554 and reiterated an “outperform” rating, signaling confidence in TSMC’s prospects despite the recent sector weakness. MarketBeat analyst update
• Neutral Sentiment: TSMC’s position as a leading manufacturer for Nvidia, AMD and other chip designers supports exposure to AI demand across competing customers. Some coverage also argues the shares trade below their usual valuation range, though that does not ensure a near-term recovery. The Motley Fool article
• Negative Sentiment: The rebound follows a steep regional chip-stock selloff amid worries about AI valuations, spending expectations and growth. That market-wide pressure could keep TSM volatile even as its manufacturing business benefits from AI demand. 24/7 Wall St. article

Analyst Upgrades and Downgrades

TSM has been the topic of several research reports. Weiss Ratings lowered Taiwan Semiconductor Manufacturing from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. Wall Street Zen downgraded Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a “positive” rating in a research note on Thursday, July 16th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $533.89.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan bought 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction that occurred on Tuesday, August 18th. The shares were acquired at an average price of $74.50 per share, for a total transaction of $74,500.00. Following the acquisition, the vice president owned 6,000 shares of the company’s stock, valued at $447,000. The trade was a 20.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have acquired 5,428 shares of company stock worth $411,021. Insiders own 1.11% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 6.2%

NYSE TSM opened at $375.15 on Friday. The firm has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 24.14, a PEG ratio of 0.76 and a beta of 1.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $266.82 and a one year high of $487.47. The company’s 50 day moving average price is $431.68 and its 200 day moving average price is $400.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The company had revenue of $46.72 billion during the quarter, compared to the consensus estimate of $45.67 billion. During the same period in the previous year, the firm earned $2.92 earnings per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 41.2% on a year-over-year basis. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 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. Stockholders 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 represents a $4.34 dividend on an annualized basis and a dividend yield of 1.2%. This is a drop from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing’s payout ratio is 22.07%.

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.