Taiwan Semiconductor Manufacturing Company Ltd. $TSM Holdings Increased by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC boosted its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,815 shares of the semiconductor company’s stock after purchasing an additional 2,136 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.8% of Beverly Hills Private Wealth LLC’s investment portfolio, making the stock its 12th largest position. Beverly Hills Private Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $11,776,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management grew its holdings in Taiwan Semiconductor Manufacturing by 87.3% in the 2nd quarter. Brookstone Capital Management now owns 25,143 shares of the semiconductor company’s stock valued at $12,008,000 after buying an additional 11,719 shares in the last quarter. Opal Capital LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 72.5% during the 1st quarter. Opal Capital LLC now owns 27,767 shares of the semiconductor company’s stock worth $9,384,000 after acquiring an additional 11,666 shares during the period. Western Wealth Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 27.4% during the 1st quarter. Western Wealth Management LLC now owns 27,954 shares of the semiconductor company’s stock worth $9,447,000 after acquiring an additional 6,013 shares during the period. MRA Advisory Group purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $704,000. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $6,129,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

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

Insider Buying and Selling

In other news, VP Lipen Yuan purchased 1,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average cost of $74.50 per share, for a total transaction of $74,500.00. Following the completion of the transaction, the vice president directly owned 6,000 shares in the company, valued at approximately $447,000. This represents a 20.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders acquired 5,428 shares of company stock worth $411,021 in the last 90 days. 1.11% of the stock is owned by corporate insiders.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $375.15 on Monday. The firm’s 50 day moving average price is $431.68 and its 200-day moving average price is $400.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $266.82 and a one year high of $487.47. The firm has a market cap of $1.95 trillion, a P/E ratio of 24.14, a P/E/G ratio of 0.76 and a beta of 1.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $45.67 billion. During the same quarter last year, the company posted $2.92 EPS. The firm’s quarterly revenue was up 41.2% on a year-over-year basis. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be paid a dividend of $1.0854 per share. This represents a $4.34 dividend on an annualized basis and a yield of 1.2%. This is a negative change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.1136. The ex-dividend date is Thursday, December 10th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 22.27%.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of analyst reports. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the company a “buy” rating in a report on Thursday, October 15th. Barclays lifted 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. DA Davidson reaffirmed a “buy” rating and set a $500.00 target price on shares of Taiwan Semiconductor Manufacturing 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. Finally, Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a “positive” rating in a research note on Thursday, July 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 company’s stock. Based on data from MarketBeat, the stock has an average 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.