Taiwan Semiconductor Manufacturing Company Ltd. $TSM Position Cut by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lessened its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 46.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,786 shares of the semiconductor company’s stock after selling 2,460 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TSM. Tiger Global Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 49.4% during the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company’s stock valued at $1,880,717,000 after acquiring an additional 1,839,600 shares in the last quarter. Sei Investments Co. lifted its stake in Taiwan Semiconductor Manufacturing by 11.8% during the first quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company’s stock worth $875,802,000 after purchasing an additional 274,389 shares during the last quarter. Bessemer Group Inc. boosted its holdings in 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 purchasing an additional 130,602 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Taiwan Semiconductor Manufacturing by 67.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,717,515 shares of the semiconductor company’s stock worth $783,513,000 after purchasing an additional 690,523 shares during the period. Finally, Amundi boosted its holdings in Taiwan Semiconductor Manufacturing by 2.2% in the first quarter. Amundi now owns 1,573,448 shares of the semiconductor company’s stock worth $531,747,000 after purchasing an additional 33,766 shares during the period. Institutional investors own 16.51% of the company’s stock.

Latest Taiwan Semiconductor Manufacturing News

Here’s some of the latest news about TSM:

• Positive Sentiment: The board approved investments of up to $1 billion combined in OpenAI and Anthropic. Investors may see the stakes as a way to strengthen ties with major AI customers and broaden TSMC’s exposure to the AI expansion, although the investments are not chip sales. TSMC approves up to $1 billion investment plan in Anthropic and OpenAI
• 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?

Insider Activity

In other news, Director Michael R. Splinter purchased 840 shares of the stock in a transaction dated Thursday, November 5th. The stock was acquired at an average price of $357.00 per share, for a total transaction of $299,880.00. Following the completion of the transaction, the director owned 8,405 shares of the company’s stock, valued at approximately $3,000,585. The trade was a 11.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Lipen Yuan acquired 1,000 shares of the company’s stock in a transaction that occurred on Sunday, November 1st. The stock was purchased at an average cost of $71.49 per share, for a total transaction of $71,490.00. Following the acquisition, the vice president owned 8,000 shares in the company, valued at approximately $571,920. This trade represents a 14.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 7,869 shares of company stock valued at $823,771 in the last 90 days. Insiders own 1.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TSM shares. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. 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 objective for the company. Finally, Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a “positive” rating in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $533.89.

Taiwan Semiconductor Manufacturing Trading Up 4.1%

Shares of NYSE TSM 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 company has a market cap of $2.14 trillion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14. The stock’s 50 day simple moving average is $430.67 and its 200 day simple moving average is $401.82.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 15th. The semiconductor company reported $4.60 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $46.72 billion during the quarter, compared to the consensus estimate of $45.67 billion. During the same period in the prior year, the business earned $2.92 EPS. The firm’s revenue was up 41.2% on a year-over-year basis. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.46 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

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.