Generate Investment Management Ltd . cut its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) by 20.2% in Q1, selling 63,007 shares. TSM now ranks as seventh largest holding in Generate's portfolio,making up 4.1% of total investments, valued at $84,225,000.
Other institutional players also adjusted their TSM stakes. Quattro Advisors LLC picked up a new position worth $25,000 in Q4,while Hilton Head Capital Partners LLC grabbed shares valued at $27,000. Stephens Consulting LLC boosted its stake sharply by 82.0%,now holding 91 shares worth $28,000 after buying 41 more. Strategic Advocates LLC upped its stake by 62.1%, owning 94 shares worth $28,000 after purchasing 36 additional shares. Ares Financial Consulting LLC entered with a new stake valued at $29,000.
Hedge funds and institutional investors together hold 16.51% of TSM stock. Insider transactions stand out too . On May 19, VP Bor-Zen Tien bought 2,000 shares at $69.91 each,boosting holdings by 22.10%,totaling 11,051 shares now valued at $772,575 . Meanwhile,VP Tzu-Sou Chuang sold 200,000 shares at $69.83, cutting ownership by 7.42%, leaving 2,495,165 shares worth $174,237,371.95.
Last 90 days,insiders bought 3,496 shares worth $248,737. They now hold 1.11% of company stock.
Analysts have their eyes on TSM. Barclays upped its price target from $450.00 to $470.00, keeping "overweight" rating. Needham & Company LLC hiked its target from $410.00 to $480.00, with a "buy" rating. Weiss Ratings and DA Davidson reaffirmed "buy" ratings,while Susquehanna raised its target from $500.00 to $575.00.
TSM has a consensus "Buy" rating with average price target of $429.29. Stock opened at $468.07,with a 12-month low of $206.20 and high of $476.79 . Market cap sits at $2.43 trillion, P/E ratio at 38.94, and P/E/G ratio at 1.35.
Recently,TSM announced a quarterly dividend of $1.1136 per share, due October 8,record date September 16. Up from previous $0.95,annualized dividend hits $4.45 with a 1.0% yield. Payout ratio is 25.12% now.
Founded in 1987 by Morris Chang, headquartered in Hsinchu, Taiwan, TSMC leads in semiconductor foundry services, offering wafer fabrication globally. Specializes in integrated circuits for mobile and high-performance computing…
