Oddo BHF Asset Management Sas Purchases 9,585 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Oddo BHF Asset Management Sas boosted its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 53.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,352 shares of the semiconductor company’s stock after buying an additional 9,585 shares during the period. Oddo BHF Asset Management Sas’ holdings in Taiwan Semiconductor Manufacturing were worth $9,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Arkadios Wealth Advisors raised its stake in shares of Taiwan Semiconductor Manufacturing by 2.1% in the 1st quarter. Arkadios Wealth Advisors now owns 43,804 shares of the semiconductor company’s stock valued at $14,803,000 after buying an additional 895 shares in the last quarter. Smith Group Asset Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% during the 1st quarter. Smith Group Asset Management LLC now owns 34,443 shares of the semiconductor company’s stock worth $11,640,000 after acquiring an additional 1,080 shares during the period. Opal Capital LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 72.5% during 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 in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 5.5% during the 1st quarter. Sunbelt Securities Inc. now owns 9,183 shares of the semiconductor company’s stock valued at $3,103,000 after acquiring an additional 480 shares in the last quarter. Finally, Amundi increased its stake in Taiwan Semiconductor Manufacturing by 2.2% in the first quarter. Amundi now owns 1,573,448 shares of the semiconductor company’s stock valued at $531,747,000 after acquiring an additional 33,766 shares during the period. Institutional investors own 16.51% of the company’s stock.

Key Taiwan Semiconductor Manufacturing News

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

• Positive Sentiment: TSMC reported record second-quarter results, with revenue of approximately $40 billion, and raised its outlook. Strong demand from artificial-intelligence and high-performance-computing customers continues to support growth. These 3 Companies Reported Record Results and Raised Guidance
• Positive Sentiment: Needham raised its TSMC price target to $530, reflecting confidence in the company’s long-term AI and advanced-chip demand outlook. Needham Raises TSMC Price Target
• Positive Sentiment: Amkor’s 10-year partnership with TSMC for an advanced-packaging facility in Arizona could strengthen TSMC’s U.S. manufacturing and AI supply-chain presence. Amkor Lands 10-Year TSMC Arizona Deal
• Positive Sentiment: Several TSMC vice presidents disclosed open-market purchases, a modestly supportive signal of insider confidence. TSMC Insider Buying
• Neutral Sentiment: TSMC said its Japan plant was gradually resuming operations after an earthquake. Employees were safe and the construction site was not damaged, although some work was temporarily suspended because of possible aftershocks. TSMC Japan Plant Resumes Operations
• Negative Sentiment: TSMC shares were caught in a wider AI-driven semiconductor rout, with technology stocks falling as investors questioned the durability of AI infrastructure spending and expressed concern about Chinese chipmaking competition. TSMC Stock Drops as AI Rout Spreads
• Negative Sentiment: Qualcomm’s cautious profit forecast highlighted component shortages, rising costs, and potential weakness in the smartphone market, adding pressure to semiconductor sentiment. Qualcomm Gives Tepid Profit Forecast

Taiwan Semiconductor Manufacturing Stock Down 4.7%

TSM opened at $373.83 on Thursday. The firm’s 50-day simple moving average is $427.21 and its 200-day simple moving average is $383.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.31 and a current ratio of 2.49. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $223.70 and a twelve month high of $479.00. The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.97, a PEG ratio of 0.91 and a beta of 1.36.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 40.88%. The business had revenue of $39.89 billion during the quarter. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.34 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed 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. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. This represents a $4.45 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 21.43%.

Analysts Set New Price Targets

TSM has been the subject of several recent research reports. Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Weiss Ratings raised Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, July 6th. Bank of America increased their target price on Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Zacks Research upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $496.25.

Insider Activity

In other news, VP Tzu-Sou Chuang sold 200,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $69.83, for a total value of $13,966,000.00. Following the completion of the transaction, the vice president owned 2,495,165 shares in the company, valued at approximately $174,237,371.95. The trade was a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Lipen Yuan bought 1,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was purchased at an average price of $79.19 per share, with a total value of $79,190.00. Following the purchase, the vice president directly owned 5,000 shares of the company’s stock, valued at $395,950. The trade was a 25.00% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 14,857 shares of company stock worth $1,099,124. Corporate insiders own 1.11% of the company’s stock.

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.