Valmark Advisers Inc. Buys 2,341 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Valmark Advisers Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 33.6% during the 3rd quarter, Holdings Channel reports. The fund owned 9,313 shares of the semiconductor company’s stock after buying an additional 2,341 shares during the quarter. Valmark Advisers Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $4,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brookstone Capital Management raised its position in Taiwan Semiconductor Manufacturing by 87.3% in the second quarter. Brookstone Capital Management now owns 25,143 shares of the semiconductor company’s stock valued at $12,008,000 after purchasing an additional 11,719 shares during the period. Opal Capital LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 72.5% in the 1st quarter. Opal Capital LLC now owns 27,767 shares of the semiconductor company’s stock valued at $9,384,000 after purchasing an additional 11,666 shares during the last quarter. Western Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 27.4% in the 1st quarter. Western Wealth Management LLC now owns 27,954 shares of the semiconductor company’s stock valued at $9,447,000 after purchasing an additional 6,013 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $6,129,000. Finally, MRA Advisory Group purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $704,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSM. Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Weiss Ratings cut shares of Taiwan Semiconductor Manufacturing from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Stifel Nicolaus initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They set a “buy” rating and a $515.00 target price for the company. Finally, DA Davidson reiterated a “buy” rating and set a $500.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 16th. Three investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $533.89.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, Director Michael R. Splinter purchased 840 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were bought 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lipen Yuan acquired 1,000 shares of the stock in a transaction dated Sunday, November 1st. The stock was acquired at an average cost of $71.49 per share, with a total value of $71,490.00. Following the purchase, the vice president owned 8,000 shares of the company’s stock, valued at approximately $571,920. This trade represents a 14.29% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 7,869 shares of company stock valued at $823,771 over the last 90 days. 1.11% of the stock is currently owned by company insiders.

Taiwan Semiconductor Manufacturing Trading Down 1.5%

NYSE:TSM traded down $5.99 during trading hours on Friday, reaching $399.50. 10,704,547 shares of the stock were exchanged, compared to its average volume of 14,768,286. 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 business has a 50-day moving average of $430.12 and a two-hundred day moving average of $402.49. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $266.82 and a twelve month high of $487.47. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 25.71, a PEG ratio of 0.81 and a beta of 1.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 EPS for the quarter, topping the consensus estimate of $4.45 by $0.15. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The business had revenue of $46.72 billion during the quarter, compared to analyst estimates of $45.67 billion. During the same period last year, the business posted $2.92 earnings per share. The company’s quarterly revenue was up 41.2% on a year-over-year basis. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 8th. Investors of record on Thursday, March 11th will be issued a dividend of $1.3663 per share. This is a positive change 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 yield of 1.4%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 22.07%.

Recent Taiwan Semiconductor Manufacturing Headlines

Here are a few of the latest headlines about TSM:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year. The strong growth points to continued demand for AI chips and supports expectations that the company’s capacity investments can sustain expansion. Article: TSMC Just Booked a Record NT$587 Billion Month
• Positive Sentiment: The company announced an approximately 41% year-over-year increase in its quarterly dividend to about $1.37 per ADS, a positive signal for shareholder returns, though the higher payout is not expected to be reflected immediately in distributions. TSMC dividend information
• Negative Sentiment: TSMC confirmed that current and former employees’ personal data was exposed through a cloud provider. Reports say hackers are demanding 3 bitcoin over about 46,000 records, raising cybersecurity and reputational concerns. Article: TSMC Confirms Employee Data Leak Through Cloud Provider

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.