1,653 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM Purchased by Cullinan Associates Inc.

Cullinan Associates Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,653 shares of the semiconductor company’s stock, valued at approximately $754,000.

Other large investors have also recently bought and sold shares of the company. Ethic Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 7.7% in the third quarter. Ethic Inc. now owns 108,309 shares of the semiconductor company’s stock valued at $49,409,000 after purchasing an additional 7,756 shares during the last quarter. StoneX Group Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 27.6% during the 3rd quarter. StoneX Group Inc. now owns 7,895 shares of the semiconductor company’s stock valued at $3,496,000 after buying an additional 1,708 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Taiwan Semiconductor Manufacturing by 14.4% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 131,339 shares of the semiconductor company’s stock valued at $59,916,000 after buying an additional 16,488 shares during the last quarter. Palisade Asset Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $200,000. Finally, Verus Capital Partners LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.6% in the 3rd quarter. Verus Capital Partners LLC now owns 14,943 shares of the semiconductor company’s stock valued at $6,817,000 after buying an additional 89 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Insiders Place Their Bets

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan purchased 1,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were bought at an average price of $74.50 per share, for a total transaction of $74,500.00. Following the completion of the transaction, the vice president owned 6,000 shares of the company’s stock, valued at $447,000. This trade represents a 20.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders bought 5,428 shares of company stock valued at $411,021. Corporate insiders own 1.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Needham & Company LLC upped their target price 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. Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $554.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday. Stifel Nicolaus began coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, September 1st. They issued a “buy” rating and a $515.00 price objective on the stock. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Finally, Zacks Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $533.89.

Taiwan Semiconductor Manufacturing Stock Up 6.2%

TSM opened at $375.15 on Friday. The company has a fifty day moving average of $431.68 and a two-hundred day moving average of $400.77. The stock has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 24.14, a PEG ratio of 0.76 and a beta of 1.44. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47. 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 (NYSE:TSM) last posted its 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. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The business had revenue of $46.72 billion for the quarter, compared to analyst estimates of $45.67 billion. During the same period in the prior year, the company posted $2.92 EPS. The company’s revenue for the quarter was up 41.2% on a year-over-year basis. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be issued a $1.0854 dividend. This represents a $4.34 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 10th. This is a negative change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing’s payout ratio is currently 22.07%.

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

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.