Cidel Asset Management Inc. Grows Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Cidel Asset Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 548.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 26,273 shares of the semiconductor company’s stock after acquiring an additional 22,223 shares during the period. Cidel Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $12,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after buying an additional 1,892 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $701,000. Bank of Nova Scotia grew its position in shares of Taiwan Semiconductor Manufacturing by 12.8% in the 2nd quarter. Bank of Nova Scotia now owns 15,697 shares of the semiconductor company’s stock worth $3,556,000 after buying an additional 1,784 shares during the period. FWL Investment Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 26.5% in the 2nd quarter. FWL Investment Management LLC now owns 253 shares of the semiconductor company’s stock worth $57,000 after buying an additional 53 shares during the period. Finally, Main Street Financial Solutions LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $270,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSM. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Susquehanna raised their target price 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. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Zacks Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Sanford C. Bernstein upped their price target on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $523.22.

Taiwan Semiconductor Manufacturing Trading Up 2.4%

NYSE:TSM opened at $439.09 on Wednesday. The company’s 50 day moving average price is $419.33 and its 200-day moving average price is $399.17. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $246.93 and a 52 week high of $479.00. 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 $2.28 trillion, a price-to-earnings ratio of 31.68, a PEG ratio of 0.98 and a beta of 1.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. The company had revenue of $39.89 billion during the quarter. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.52 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Thursday, December 10th will be issued a dividend of $1.0854 per share. This represents a $4.34 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, December 10th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 21.43%.

Insiders Place Their Bets

In related news, VP Bor-Zen Tien acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was purchased at an average cost of $74.39 per share, with a total value of $223,170.00. Following the completion of the acquisition, the vice president directly owned 4,000 shares of the company’s stock, valued at approximately $297,560. This trade represents a 300.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shyue-Shyh Lin purchased 2,000 shares of the stock in a transaction dated Sunday, July 19th. The shares were purchased at an average cost of $71.71 per share, for a total transaction of $143,420.00. Following the completion of the acquisition, the vice president directly owned 28,269 shares in the company, valued at approximately $2,027,169.99. This trade represents a 7.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 21,066 shares of company stock valued at $1,568,685. Company insiders own 1.11% of the company’s stock.

More Taiwan Semiconductor Manufacturing News

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

• Positive Sentiment: Broad insider buying signals confidence. CEO Che-Chia Wei, CFO Jen-Chau Huang, multiple COOs, SVPs and VPs collectively purchased shares in September 7 transactions. Although the individual purchases were relatively small, the participation of senior executives—including the CEO and CFO—provides a favorable sentiment signal. TSMC CEO insider purchase filing
• Positive Sentiment: TSMC is committing to next-generation High-NA EUV technology. TSMC plans to begin using ASML’s High-NA extreme-ultraviolet tools around 2030 for advanced-node production. TSMC and ASML are also working toward a 12-inch photomask pilot line by 2031, supporting future manufacturing productivity and smaller, more powerful AI chips. TSMC and ASML High-NA EUV report
• Positive Sentiment: AI demand continues to improve the industry outlook. Analysts and market commentary point to TSMC’s dominant foundry position, strong demand for advanced chips and investments in N2, N3 and advanced packaging as reasons for optimism. TSMC was also identified as a leading AI-related semiconductor investment and moved above an early technical buy point. TSMC technical breakout report
• Neutral Sentiment: TSMC’s U.S. expansion brings strategic benefits but may pressure margins. Its roughly $265 billion U.S. investment strengthens relationships with customers and policymakers, while the cost and complexity of overseas manufacturing remain important execution considerations. TSMC U.S. investment report
• Negative Sentiment: Valuation and macroeconomic risks remain. TSM’s approximately 31.7 P/E ratio leaves the stock sensitive to higher Treasury yields, oil prices, market-wide risk aversion and any slowdown in AI-related capital spending. Future High-NA benefits are also several years away.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world’s leading dedicated semiconductor foundry. Founded in 1987 and headquartered in Hsinchu, Taiwan, the company pioneered the pure-play foundry business model, producing chips designed by other companies rather than developing and selling branded semiconductor products of its own.

TSMC manufactures semiconductor wafers using advanced and specialty process technologies.