Taiwan Semiconductor Manufacturing (NYSE:TSM) Director Buys $299,880.00 in Stock

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Director Michael Splinter acquired 840 shares of the business’s stock in a transaction dated Thursday, November 5th. The stock was acquired at an average cost of $357.00 per share, with a total value of $299,880.00. Following the purchase, the director directly owned 8,405 shares in the company, valued at $3,000,585. This represents a 11.10% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $412.74 on Thursday. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.14 trillion, a PE ratio of 26.56, a PEG ratio of 0.79 and a beta of 1.44. The company’s fifty day moving average is $430.67 and its 200 day moving average is $401.82. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $266.82 and a 52 week 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. The business had revenue of $46.72 billion during the quarter, compared to analyst estimates of $45.67 billion. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The company’s revenue was up 41.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.92 earnings per share. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.46 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TSM. Fiduciary Advisors Inc. lifted its position in Taiwan Semiconductor Manufacturing by 200.0% in the 3rd quarter. Fiduciary Advisors Inc. now owns 60 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 40 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 88.2% during the second quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 30 shares in the last quarter. Markowski Investments purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at $33,000. Heritage Family Offices LLP purchased a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $37,000. Finally, Curry Webb Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $39,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on TSM. Stifel Nicolaus began coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, September 1st. They set a “buy” rating and a $515.00 price target for the company. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 16th. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a “positive” rating in a research report on Thursday, July 16th. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, November 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $533.89.

Taiwan Semiconductor Manufacturing News Roundup

These are some of the TSM news items that stood out recently:

• 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?

Taiwan Semiconductor Manufacturing Company 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.