Eurizon Capital SGR S.p.A. Sells 7,385 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Eurizon Capital SGR S.p.A. lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,833 shares of the semiconductor company’s stock after selling 7,385 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Taiwan Semiconductor Manufacturing were worth $49,742,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSM. Werba Rubin Papier Wealth Management lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 12.4% during the third quarter. Werba Rubin Papier Wealth Management now owns 2,383 shares of the semiconductor company’s stock worth $1,087,000 after purchasing an additional 262 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its stake in shares of Taiwan Semiconductor Manufacturing by 63.0% during the 3rd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 450 shares of the semiconductor company’s stock worth $205,000 after buying an additional 174 shares during the period. CENTRAL TRUST Co boosted its stake in shares of Taiwan Semiconductor Manufacturing by 12.7% in the third quarter. CENTRAL TRUST Co now owns 10,220 shares of the semiconductor company’s stock worth $4,662,000 after acquiring an additional 1,149 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Taiwan Semiconductor Manufacturing by 16.1% during the third quarter. Fifth Third Bancorp now owns 89,047 shares of the semiconductor company’s stock worth $40,622,000 after buying an additional 12,350 shares in the last quarter. Finally, Artemis Wealth Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 0.3% during the third quarter. Artemis Wealth Advisors LLC now owns 23,067 shares of the semiconductor company’s stock worth $10,523,000 after buying an additional 67 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSM. Sanford C. Bernstein boosted their price target on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 4th. Barclays increased 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. Stifel Nicolaus initiated coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They set a “buy” rating and a $515.00 price target on the stock. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Finally, DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $533.89.

Taiwan Semiconductor Manufacturing Trading Down 1.5%

Taiwan Semiconductor Manufacturing stock opened at $399.50 on Friday. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 25.71, a PEG ratio of 0.81 and a beta of 1.44. The firm has a 50-day moving average price of $430.12 and a two-hundred day moving average price of $402.49. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $266.82 and a 52-week high of $487.47. 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 (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, beating 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%. The firm’s revenue was up 41.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.92 earnings per share. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 8th. Investors of record on Thursday, March 11th will be given a $1.3663 dividend. This represents a $5.47 annualized dividend and a yield of 1.4%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.0854. The ex-dividend date of this dividend is Thursday, March 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 22.27%.

Key Stories Impacting Taiwan Semiconductor Manufacturing

Here are a few of the latest stories about TSM:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year. The strong growth points to continued demand for AI chips and supports expectations that the company’s capacity investments can sustain expansion. Article: TSMC Just Booked a Record NT$587 Billion Month
• Positive Sentiment: The company announced an approximately 41% year-over-year increase in its quarterly dividend to about $1.37 per ADS, a positive signal for shareholder returns, though the higher payout is not expected to be reflected immediately in distributions. TSMC dividend information
• Negative Sentiment: TSMC confirmed that current and former employees’ personal data was exposed through a cloud provider. Reports say hackers are demanding 3 bitcoin over about 46,000 records, raising cybersecurity and reputational concerns. Article: TSMC Confirms Employee Data Leak Through Cloud Provider

Insider Activity at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan acquired 1,000 shares of the business’s stock in a transaction that occurred on Sunday, November 1st. The shares were acquired at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the completion of the acquisition, the vice president directly owned 8,000 shares of the company’s stock, valued at approximately $571,920. This represents a 14.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Splinter bought 840 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was acquired at an average cost of $357.00 per share, with a total value of $299,880.00. Following the completion of the purchase, the director owned 8,405 shares of the company’s stock, valued at approximately $3,000,585. This trade represents a 11.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 7,869 shares of company stock valued at $823,771 in the last 90 days. 1.11% of the stock is owned by corporate insiders.

About Taiwan Semiconductor Manufacturing

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.