Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Up 2.3% After Insider Buying Activity
by Jessica Moore · The Cerbat GemShares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Get Free Report) rose 2.3% during trading on Wednesday following insider buying activity. The stock traded as high as $403.88 and last traded at $401.8210. Approximately 10,121,294 shares were traded during trading, a decline of 28% from the average daily volume of 14,026,446 shares. The stock had previously closed at $392.61.
Specifically, VP Bor-Zen Tien acquired 2,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $69.91 per share, for a total transaction of $139,820.00. Following the completion of the acquisition, the vice president directly owned 11,051 shares of the company’s stock, valued at approximately $772,575.41. This represents a 22.10% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on TSM shares. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $450.00 to $470.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Needham & Company LLC lifted their price objective on Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Zacks Research cut shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings upgraded shares of Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Finally, DA Davidson reiterated a “buy” rating and set a $450.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 17th. Two research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $404.29.
Get Our Latest Research Report on Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing News Summary
Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:
- Positive Sentiment: TSMC’s cash-rich balance sheet, higher spending, and upbeat revenue outlook support the case for more AI and advanced-chip capacity growth. Here’s How TSM Targets Growth With Strong Cash Position
- Positive Sentiment: Bank of America reiterated a Buy rating after the Taiwan Technology Symposium, citing progress in next-generation chipmaking and packaging technology. BofA Reiterates Buy on Taiwan Semiconductor (TSM) After Tech Symposium
- Positive Sentiment: Insider buying and repeated bullish coverage reinforce confidence that management and investors see further upside in TSMC’s long-term growth story. Insider Buying: Taiwan Semiconductor Manufacturing (NYSE:TSM) VP Purchases 2,000 Shares of Stock
- Neutral Sentiment: Some commentary says TSMC’s strong run has pushed valuation higher, which could lead to near-term consolidation even if the long-term trend remains positive. Everyone Says TSMC (TSM) Has Run Too Far. I Think They Are Wrong
- Negative Sentiment: Geopolitical headlines from Trump-Xi talks revived Taiwan risk concerns, while broader semiconductor sentiment also weakened on supply-chain worries tied to the Middle East conflict. Taiwan Semi’s Big Takeaway From the Trump-Xi Talks Tech investors loved this earnings season — but the Iran war is piling pressure on the companies powering the AI boom
Taiwan Semiconductor Manufacturing Trading Up 2.3%
The company has a market cap of $2.08 trillion, a P/E ratio of 33.43, a P/E/G ratio of 1.16 and a beta of 1.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.49 and a quick ratio of 2.32. The stock’s 50-day moving average is $367.30 and its two-hundred day moving average is $336.35.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. The firm had revenue of $30.65 billion for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 36.81% and a net margin of 46.97%. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.25 earnings per share for the current fiscal year.
Taiwan Semiconductor Manufacturing Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $1.1136 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.45 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 24.96%.
Institutional Trading of Taiwan Semiconductor Manufacturing
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSM. Fisher Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.8% in the fourth quarter. Fisher Asset Management LLC now owns 18,146,900 shares of the semiconductor company’s stock worth $5,514,662,000 after purchasing an additional 313,773 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Taiwan Semiconductor Manufacturing by 11.1% in the fourth quarter. Van ECK Associates Corp now owns 17,464,962 shares of the semiconductor company’s stock valued at $5,307,428,000 after acquiring an additional 1,750,824 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Taiwan Semiconductor Manufacturing by 6.5% in the fourth quarter. Bank of America Corp DE now owns 15,902,819 shares of the semiconductor company’s stock worth $4,832,708,000 after acquiring an additional 966,926 shares during the period. Jennison Associates LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 6.4% in the fourth quarter. Jennison Associates LLC now owns 13,394,299 shares of the semiconductor company’s stock worth $4,070,393,000 after acquiring an additional 802,757 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Taiwan Semiconductor Manufacturing by 2.2% during the third quarter. Alliancebernstein L.P. now owns 10,687,037 shares of the semiconductor company’s stock worth $2,984,783,000 after purchasing an additional 229,237 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.
TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.
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