Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Holdings Lowered by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 71,493 shares of the semiconductor company’s stock after selling 1,820 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 0.5% of Ritholtz Wealth Management’s portfolio, making the stock its 29th largest position. Ritholtz Wealth Management’s holdings in Taiwan Semiconductor Manufacturing were worth $32,615,000 at the end of the most recent reporting period.

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

Taiwan Semiconductor Manufacturing Stock Up 4.1%

Shares of NYSE:TSM opened at $412.74 on Thursday. 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 company has a fifty day simple moving average of $430.67 and a 200 day simple moving average of $401.82. The firm has a market cap of $2.14 trillion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $266.82 and a 12-month high of $487.47.

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. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The firm had revenue of $46.72 billion for the quarter, compared to analysts’ expectations of $45.67 billion. During the same period in the prior year, the company posted $2.92 earnings per share. The firm’s quarterly revenue was up 41.2% on a year-over-year basis. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.46 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Trending Headlines about Taiwan Semiconductor Manufacturing

Investors following TSM have been watching these headlines:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year and 14.7% from September. The surge reinforces expectations that strong demand for AI chips and orders from customers such as Nvidia and Apple are supporting growth. TSMC’s October sales jump as global chip boom rolls on
• Positive Sentiment: TSMC raised its quarterly dividend, adding a shareholder-return signal alongside its strong operating results. Multiple executives and a director also disclosed recent share purchases, which may be viewed as a modest sign of insider confidence. Taiwan Semiconductor Manufacturing company information
• Neutral Sentiment: Analyst coverage remains generally bullish, and some commentary argues TSMC is attractive after the chip-sector sell-off. However, brokerage recommendations can be optimistic, so they are less concrete catalysts than the company’s sales figures. Is it worth investing in TSMC based on Wall Street’s bullish views?

Insider Transactions at Taiwan Semiconductor Manufacturing

In other news, Director Michael R. Splinter purchased 840 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average cost of $357.00 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lipen Yuan acquired 1,000 shares of the stock in a transaction that occurred on Sunday, November 1st. The stock was purchased at an average cost of $71.49 per share, with a total value of $71,490.00. Following the completion of the acquisition, the vice president 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 disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 7,869 shares of company stock worth $823,771. Company insiders own 1.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TSM. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a “hold” rating in a report on Friday, July 17th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a “positive” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Three 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $533.89.

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.