TSM Stock: Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) has been in the spotlight recently, with notable movements in its stock and dividend payouts, as well as shifts in investor sentiment. A recent filing revealed that Hardman Johnston Global Advisors LLC reduced its stake in TSM by 15.6% during the third quarter, selling 65,693 shares to bring its total holdings to 354,585 shares. Despite this reduction, TSM still represents a significant portion of their portfolio at 2.4%.
This change in ownership is part of a broader trend, as several institutional investors have made adjustments to their TSM positions. New purchases from firms like Reston Wealth Management LLC and Valley Wealth Managers Inc. reflect continued interest in the semiconductor giant, even as others trim their holdings.
While some investors are reassessing their positions, Wall Street analysts remain generally optimistic about TSM’s future. Research firms such as Susquehanna and Barclays have maintained “buy” ratings, with Barclays raising its target price from $200 to $215. Analysts are confident about TSM’s potential, citing the company’s strong financial performance and dominance in the semiconductor industry.
Notably, TSM recently increased its quarterly dividend to $0.4871 per share, with a 1% dividend yield. The ex-dividend date is set for December 12th, providing additional value to shareholders ahead of the new year. This increase signals confidence in the company’s long-term growth, as TSM’s P/E ratio remains robust at 31.37, with a market cap of $1.02 trillion.
On the stock performance front, TSM’s price has fluctuated between a one-year low of $91.29 and a high of $212.60, reflecting market volatility. However, the stock has recently opened at $195.72 and continues to be a key player in the tech sector, with strong demand for its semiconductor products.
Despite some trimming of positions, TSM remains a strong investment for many, with its dominant market share, solid earnings growth, and promising future in the semiconductor industry. With a “Moderate Buy” rating from analysts and a $209 average target price, investors will be watching closely as TSM continues to navigate the changing market landscape.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult a qualified financial advisor or conduct your own research before making investment decisions.
