Dupree Financial Group Cuts Taiwan Semiconductor Manufacturing Stake by 46.5% Selling 9,110 Shares
Dupree Financial Group sold 9,110 shares of Taiwan Semiconductor Manufacturing Company, cutting its stake by 46.5% to 10,476 shares valued at $2.93 million. The company raised its quarterly dividend from $0.83 to $0.9678, payable April 9 to March 17 record-date shareholders, implying a $3.87 annual payout and 1.1% yield.
1. TSMC Posts Record Quarterly Earnings
Taiwan Semiconductor Manufacturing Company reported earnings per share of $14.32 for the quarter, driven by revenue of $32.5 billion. The firm achieved a net margin of 45.13% and a return on equity of 36.18%, marking the highest profitability in its history. Management highlighted sustained demand for advanced logic and high-bandwidth memory used in AI and high-performance computing applications, while seniors at research houses have pointed to this report as a bullish signal for the broader AI chip sector.
2. Dividend Increase Underscores Confidence
The company declared a quarterly dividend of $0.9678 per share, up from $0.83 in the prior quarter, representing an annualized payout of $3.87 and a yield of approximately 1.1%. The dividend payout ratio stands at 28.64%, reflecting a balance between returning cash to shareholders and funding ongoing capital investments in new fabrication capacity and next-generation process technologies.
3. Institutional and Analyst Sentiment
During the third quarter, Dupree Financial Group LLC reduced its stake by 46.5%, disposing of 9,110 shares and retaining 10,476 shares valued at $2.93 million. Meanwhile, several smaller advisory firms established new positions—each valued between $32,000 and $41,000—lifting institutional ownership to 16.51%. On the sell-side, ten research analysts cover the stock, with eight recommending a buy and two a hold; the consensus price target stands at $381.67, reflecting expectations for continued revenue growth as TSMC expands capacity for advanced process nodes.
4. Strong Balance Sheet and Market Position
TSMC closed the week with a market capitalization of $1.77 trillion and a price-to-earnings ratio of 32.15, supported by a P/E-to-growth ratio of 0.81. The company maintains a conservative debt-to-equity ratio of 0.19, a current ratio of 2.69, and a quick ratio of 2.47. Its share price has traded between $134.25 and $351.33 over the past year, while its 50-day and 200-day moving averages sit at $299.68 and $273.91, respectively. These metrics underscore TSMC’s financial strength as it invests in next-generation fabs to meet surging global demand for AI and 5G semiconductor products.