Rep. Josh Gottheimer Sells Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). In a filing disclosed on November 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Taiwan Semiconductor Manufacturing stock on October 24th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Texas Capital Bancshares (NASDAQ:TCBI) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of ITT (NYSE:ITT) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of ICU Medical (NASDAQ:ICUI) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of AppFolio (NASDAQ:APPF) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Gates Industrial (NYSE:GTES) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/29/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Enerpac Tool Group (NYSE:EPAC) on 10/25/2024.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $201.18 on Friday. The stock has a market capitalization of $1.04 trillion, a PE ratio of 32.24, a PEG ratio of 0.93 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $91.60 and a fifty-two week high of $212.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. The company has a 50 day moving average price of $181.89 and a 200-day moving average price of $169.35.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 0.97%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors have recently bought and sold shares of the business. Capital World Investors boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.7% in the first quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after buying an additional 704,804 shares during the last quarter. Capital International Investors increased its holdings in shares of Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after purchasing an additional 5,643,949 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the 3rd quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock valued at $3,176,423,000 after purchasing an additional 122,828 shares during the period. WCM Investment Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 14.1% during the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock worth $1,733,104,000 after buying an additional 1,206,359 shares in the last quarter. Finally, GQG Partners LLC grew its position in Taiwan Semiconductor Manufacturing by 25.1% during the first quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after buying an additional 1,710,673 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TSM shares. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $209.00.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.