Taiwan Semiconductor Manufacturing (NYSE:TSM) CEO Buys $10,927.50 in Stock

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) CEO Che-Chia Wei purchased 155 shares of the stock in a transaction dated Friday, November 6th. The stock was acquired at an average cost of $70.50 per share, for a total transaction of $10,927.50. Following the transaction, the chief executive officer owned 18,435 shares of the company’s stock, valued at approximately $1,299,667.50. This trade represents a 0.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, October 7th, Che-Chia Wei purchased 144 shares of Taiwan Semiconductor Manufacturing stock. The shares were 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 purchased 149 shares of Taiwan Semiconductor Manufacturing stock. The stock was bought at an average price of $76.20 per share, with a total value of $11,353.80.

Taiwan Semiconductor Manufacturing Trading Down 1.8%

Shares of TSM opened at $405.85 on Friday. The business’s 50-day moving average price is $430.47 and its 200-day moving average price is $402.19. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $266.82 and a twelve month high of $487.47. The stock has a market cap of $2.10 trillion, a PE ratio of 26.12, a P/E/G ratio of 0.82 and a beta of 1.44. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (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 company had revenue of $46.72 billion for the quarter, compared to the consensus estimate of $45.67 billion. During the same quarter last year, the business posted $2.92 earnings per share. The firm’s revenue was up 41.2% compared to the same quarter last year. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.36 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Thursday, March 11th will be paid a $1.3663 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.0854. The ex-dividend date of this dividend 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 dividend payout ratio is presently 22.27%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TSM. Fisher Asset Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 0.4% during the third quarter. Fisher Asset Management LLC now owns 18,932,587 shares of the semiconductor company’s stock valued at $8,636,858,000 after buying an additional 66,389 shares during the period. Tiger Global Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 49.4% in the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company’s stock worth $1,880,717,000 after buying an additional 1,839,600 shares during the period. Russell Investments Group Ltd. grew its position in shares of Taiwan Semiconductor Manufacturing by 12.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,057,858 shares of the semiconductor company’s stock worth $1,851,187,000 after buying an additional 451,966 shares during the period. Sei Investments Co. increased its stake in shares of Taiwan Semiconductor Manufacturing by 11.8% in the 1st quarter. Sei Investments Co. now owns 2,591,510 shares of the semiconductor company’s stock worth $875,802,000 after acquiring an additional 274,389 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Taiwan Semiconductor Manufacturing by 67.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,717,515 shares of the semiconductor company’s stock worth $783,513,000 after acquiring an additional 690,523 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSM. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the stock a “positive” rating in a report on Thursday, July 16th. Stifel Nicolaus began coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, September 1st. They issued a “buy” rating and a $515.00 target price for the company. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Finally, Needham & Company LLC boosted their price target on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Buy” and an average target price of $533.89.

Top Taiwan Semiconductor Manufacturing Stories

Investors following TSM have been watching these stories:

• Positive Sentiment: TSMC reported record October revenue of NT$586.89 billion, up 59.7% year over year. The result points to continuing demand for advanced chips and supports the company’s growth outlook. TSMC Stocks Climb After Record October Revenue
• Neutral Sentiment: ETFs were net sellers of TSMC shares on Nov. 10, a potential near-term headwind for trading, but one day of fund flows does not establish a longer-term trend. ETFs Are Net Sellers of Taiwan Semiconductor
• Negative Sentiment: A reported breach exposed personal data belonging to some current and former employees, with hackers reportedly seeking ransom in bitcoin. The incident raises reputational and cybersecurity concerns, though the articles do not indicate disruption to chip production. TSMC Stock Dips After Hackers Ransom Employee Data

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.