CenterBook Partners LP Sells 19,245 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

CenterBook Partners LP decreased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 26.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 52,350 shares of the semiconductor company’s stock after selling 19,245 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.1% of CenterBook Partners LP’s investment portfolio, making the stock its 7th biggest position. CenterBook Partners LP’s holdings in Taiwan Semiconductor Manufacturing were worth $23,882,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Fiduciary Advisors Inc. grew its position in Taiwan Semiconductor Manufacturing by 200.0% during the third quarter. Fiduciary Advisors Inc. now owns 60 shares of the semiconductor company’s stock worth $27,000 after buying an additional 40 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 88.2% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 30 shares in the last quarter. Markowski Investments bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $33,000. Heritage Family Offices LLP bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $37,000. Finally, Curry Webb Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded up $22.05 during mid-day trading on Friday, reaching $375.15. The company had a trading volume of 23,785,880 shares, compared to its average volume of 12,097,490. 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 company has a market capitalization of $1.95 trillion, a P/E ratio of 24.14, a P/E/G ratio of 0.81 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $266.82 and a twelve month high of $487.47. The company’s 50-day moving average is $431.68 and its 200-day moving average is $400.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 EPS for the quarter, beating the consensus estimate of $4.45 by $0.15. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The business had revenue of $46.72 billion for the quarter, compared to analyst estimates of $45.67 billion. During the same quarter in the previous year, the firm earned $2.92 EPS. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 41.2% on a year-over-year basis. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be issued a dividend of $1.0854 per share. 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 dividend on an annualized basis and a dividend yield of 1.2%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 22.27%.

Insider Activity at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan purchased 1,000 shares of the firm’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 transaction, the vice president directly owned 8,000 shares in the company, valued at approximately $571,920. The trade was a 14.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have acquired 5,428 shares of company stock valued at $411,021. 1.11% of the stock is currently owned by insiders.

Taiwan Semiconductor Manufacturing News Roundup

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 Ratings Changes

A number of research firms have recently issued reports on TSM. Weiss Ratings cut Taiwan Semiconductor Manufacturing from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday. Stifel Nicolaus started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, September 1st. They issued a “buy” rating and a $515.00 target price for the company. DA Davidson reiterated a “buy” rating and set a $500.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 16th. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a “positive” rating in a report on Thursday, July 16th. Finally, Sanford C. Bernstein increased their price objective on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $533.89.

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.