Fifth Third Bancorp Purchases 12,350 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Fifth Third Bancorp increased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,047 shares of the semiconductor company’s stock after purchasing an additional 12,350 shares during the quarter. Fifth Third Bancorp’s holdings in Taiwan Semiconductor Manufacturing were worth $40,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tiger Global Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 49.4% in the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company’s stock valued at $1,880,717,000 after purchasing an additional 1,839,600 shares during the last quarter. Sei Investments Co. grew its position in shares of Taiwan Semiconductor Manufacturing by 11.8% during the 1st quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company’s stock worth $875,802,000 after buying an additional 274,389 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Taiwan Semiconductor Manufacturing by 67.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,717,515 shares of the semiconductor company’s stock worth $783,513,000 after buying an additional 690,523 shares during the last quarter. Bahl & Gaynor LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 16.4% during the third quarter. Bahl & Gaynor LLC now owns 1,636,856 shares of the semiconductor company’s stock worth $746,717,000 after buying an additional 231,157 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 7.9% during the first quarter. Bessemer Group Inc. now owns 1,781,764 shares of the semiconductor company’s stock worth $602,147,000 after buying an additional 130,602 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $405.85 on Friday. The stock has a market cap of $2.10 trillion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $266.82 and a 1 year high of $487.47. The stock’s 50-day moving average price is $430.47 and its two-hundred day moving average price is $402.19. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share 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 for the quarter, compared to analyst estimates of $45.67 billion. During the same period last year, the business posted $2.92 earnings per share. The business’s revenue for the quarter was up 41.2% compared to the same quarter last year. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, March 11th. This represents a $5.47 dividend on an annualized basis and a yield of 1.3%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.0854. Taiwan Semiconductor Manufacturing’s payout ratio 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 dated Sunday, November 1st. The stock was bought at an average cost of $71.49 per share, with a total value of $71,490.00. Following the purchase, the vice president directly owned 8,000 shares of the company’s stock, valued at $571,920. The trade was a 14.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael R. Splinter acquired 840 shares of the stock in a transaction dated Thursday, November 5th. The stock was acquired at an average price of $357.00 per share, for a total transaction of $299,880.00. Following the completion of the acquisition, the director directly owned 8,405 shares of the company’s stock, valued at $3,000,585. The trade was a 11.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 7,869 shares of company stock valued at $823,771 over the last ninety days. Company insiders own 1.11% of the company’s stock.

Key Taiwan Semiconductor Manufacturing News

Investors following TSM have been watching these news items:

• Positive Sentiment: TSMC’s board approved investments of up to $500 million each in OpenAI and Anthropic, broadening its exposure to AI beyond chip manufacturing. The strategic move may reinforce ties with major AI customers, though its financial payoff is uncertain. TSMC Approves Up to $1 Billion Investment Plan in Anthropic and OpenAI
• Negative Sentiment: A reported breach exposed personal data belonging to some current and former employees, with hackers reportedly seeking ransom in bitcoin. The incident raises reputational and cybersecurity concerns, though the articles do not indicate disruption to chip production. TSMC Stock Dips After Hackers Ransom Employee Data
• Negative Sentiment: NVIDIA’s leadership upheaval has rattled semiconductor shares, overshadowing TSMC’s strong October sales. Because TSMC supplies NVIDIA as well as other chip designers, the turmoil may create sector-wide uncertainty even as AI demand remains robust. TSMC Stocks Fall as NVIDIA Shake-Up Overshadows Record October Revenue

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. Sanford C. Bernstein upped their target price on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Finally, Stifel Nicolaus assumed coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They issued a “buy” rating and a $515.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average 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.