Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,932,587 shares of the semiconductor company’s stock after purchasing an additional 66,389 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 2.5% of Fisher Asset Management LLC’s portfolio, making the stock its 9th largest position. Fisher Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $8,636,858,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Tiger Global Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 49.4% during 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 acquiring an additional 1,839,600 shares during the period. Russell Investments Group Ltd. grew its position in Taiwan Semiconductor Manufacturing by 12.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,057,858 shares of the semiconductor company’s stock valued at $1,851,187,000 after acquiring an additional 451,966 shares in the last quarter. Sei Investments Co. grew its position in Taiwan Semiconductor Manufacturing by 11.8% in the 1st quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company’s stock valued at $875,802,000 after acquiring an additional 274,389 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in 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 purchasing an additional 690,523 shares during the period. Finally, Bahl & Gaynor LLC increased its stake in 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 purchasing an additional 231,157 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other news, Director Michael R. Splinter bought 840 shares of Taiwan Semiconductor Manufacturing stock in a transaction that occurred on Thursday, November 5th. The shares were purchased at an average price of $357.00 per share, with a total value of $299,880.00. Following the completion of the acquisition, the director directly owned 8,405 shares in the company, valued at $3,000,585. The trade was a 11.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lipen Yuan purchased 1,000 shares of the firm’s stock in a transaction that occurred on Sunday, November 1st. The stock was purchased at an average price 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 7,869 shares of company stock valued at $823,771. Corporate insiders own 1.11% of the company’s stock.

Taiwan Semiconductor Manufacturing News Roundup

Investors following TSM have been watching these news items:

• Neutral Sentiment: ETFs were net sellers of TSMC shares on Nov. 10, a potential near-term headwind for trading, but one day of fund flows does not establish a longer-term trend. ETFs Are Net Sellers of Taiwan Semiconductor
• 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

Taiwan Semiconductor Manufacturing Trading Down 1.8%

NYSE:TSM opened at $405.85 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $266.82 and a 12-month high of $487.47. The firm has a market cap of $2.10 trillion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $430.47 and a 200 day moving average price of $402.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly 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 return on equity of 42.84% and a net margin of 51.51%. The company had revenue of $46.72 billion for the quarter, compared to the consensus estimate of $45.67 billion. During the same quarter in the prior year, the business earned $2.92 EPS. Taiwan Semiconductor Manufacturing’s revenue was up 41.2% on a year-over-year basis. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Thursday, March 11th will be given a dividend of $1.3663 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.0854. This represents a $5.47 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, March 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 22.27%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TSM shares. Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Zacks Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Weiss Ratings lowered shares of Taiwan Semiconductor Manufacturing from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. Finally, Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. 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.com, the stock currently has an average rating of “Buy” and an average target price 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.