Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Get Free Report) Director Michael Splinter purchased 840 shares of the company's stock in a transaction that occurred on Thursday, November 5th. The shares were purchased at an average cost 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 in the company, valued at approximately $3,000,585. This represents a 11.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Taiwan Semiconductor Manufacturing Stock Performance
Shares of TSM opened at $388.95 on Tuesday. The stock has a market capitalization of $2.02 trillion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.44. The business's fifty day moving average price is $431.09 and its 200 day moving average price is $401.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $266.82 and a 12-month high of $487.47.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.15. The firm had revenue of $46.72 billion during the quarter, compared to analyst estimates of $45.67 billion. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The firm's revenue for the quarter was up 41.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.92 earnings per share. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current year.
Taiwan Semiconductor Manufacturing News Summary
Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:
- Positive Sentiment: Taiwanese regulators tightened short-selling limits and authorized a NT$500 billion stabilization fund. The measures helped lift local-market sentiment and supported TSMC shares. TSMC Stocks Rise as Taiwan Curbs Short Selling and Deploys Stabilization Fund
- Positive Sentiment: A director disclosed buying 840 shares for about $300,000, increasing his direct holdings by 11.1%. Insider purchases can be viewed as a signal of confidence, although one transaction does not establish a broader trend. SEC filing on director share purchase
- Positive Sentiment: Eleven ETFs reportedly added TSMC shares, suggesting investment-fund demand that may provide some support. 11 ETFs Add to Taiwan Semiconductor
- Neutral Sentiment: Coverage was inconsistent about TSMC entering advanced memory production: one report suggested it may make memory for NVIDIA, while another said TSMC remains focused on logic chips. The uncertainty may affect expectations for future competition, but the reports do not establish a confirmed change in strategy. Report on possible advanced memory production
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on TSM. DA Davidson reaffirmed a "buy" rating and set a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 16th. Stifel Nicolaus initiated coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, September 1st. They issued a "buy" rating and a $515.00 target price on the stock. Needham & Company LLC lifted their target price on Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the company a "buy" rating in a research note on Thursday, October 15th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 7th. Finally, Zacks Research raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Buy" and a consensus target price of $533.89.
Get Our Latest Research Report on Taiwan Semiconductor Manufacturing
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Brookstone Capital Management grew its holdings in Taiwan Semiconductor Manufacturing by 87.3% in the 2nd quarter. Brookstone Capital Management now owns 25,143 shares of the semiconductor company's stock worth $12,008,000 after buying an additional 11,719 shares in the last quarter. Opal Capital LLC increased its position in 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 acquiring an additional 11,666 shares during the period. Western Wealth Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 27.4% during the 1st quarter. Western Wealth Management LLC now owns 27,954 shares of the semiconductor company's stock valued at $9,447,000 after acquiring an additional 6,013 shares in the last quarter. MRA Advisory Group bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $704,000. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $6,129,000. Institutional investors own 16.51% of the company's stock.
Taiwan Semiconductor Manufacturing Company Profile
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Get Free Report)
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.
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