Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock: Insider Che-Chia Wei Purchases 155 Shares

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) CEO Che-Chia Wei acquired 155 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Friday, November 6th. The shares were acquired at an average price of $70.50 per share, with a total value of $10,927.50. Following the transaction, the chief executive officer owned 18,435 shares in the company, valued at approximately $1,299,667.50. This represents a 0.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Che-Chia Wei also recently made the following trade(s):

• On Wednesday, October 7th, Che-Chia Wei bought 144 shares of Taiwan Semiconductor Manufacturing stock. The stock was acquired at an average price of $79.39 per share, for a total transaction of $11,432.16.
• On Monday, September 7th, Che-Chia Wei bought 149 shares of Taiwan Semiconductor Manufacturing stock. The stock was acquired at an average price of $76.20 per share, for a total transaction of $11,353.80.

Taiwan Semiconductor Manufacturing Stock Up 4.1%

TSM stock opened at $412.74 on Thursday. 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 $2.14 trillion, a PE ratio of 26.56, a P/E/G ratio of 0.79 and a beta of 1.44. The firm has a 50 day simple moving average of $430.67 and a 200 day simple moving average of $401.82. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25.

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, topping the consensus estimate of $4.45 by $0.15. The firm had revenue of $46.72 billion for 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 firm’s quarterly revenue was up 41.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.92 earnings per share. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.46 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. The ex-dividend date is Thursday, March 11th. This represents a $5.47 dividend on an annualized basis and a dividend yield of 1.3%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 22.27%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TSM shares. Wall Street Zen cut Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a “hold” rating in a report on Friday, July 17th. 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 report on Friday, October 16th. Finally, Needham & Company LLC lifted their price target on Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $533.89.

Taiwan Semiconductor Manufacturing News Summary

Investors following TSM have been watching these news items:

• 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?

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

A number of large investors have recently made changes to their positions in the company. Fisher Asset Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 0.4% during the 3rd quarter. Fisher Asset Management LLC now owns 18,932,587 shares of the semiconductor company’s stock valued at $8,636,858,000 after purchasing an additional 66,389 shares during the period. Tiger Global Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 49.4% in the first 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 in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 12.5% in the third quarter. Russell Investments Group Ltd. now owns 4,057,858 shares of the semiconductor company’s stock valued at $1,851,187,000 after purchasing an additional 451,966 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 11.8% in the first quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company’s stock valued at $875,802,000 after purchasing an additional 274,389 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 7.9% in 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 period. Institutional investors and hedge funds own 16.51% of the company’s stock.

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.