ASK Capital Investment Managers LLC Makes New Investment in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• ASK Capital Investment Managers acquired 10,971 TSMC shares worth approximately $5.0 million, making the semiconductor company 5.5% of its portfolio and its seventh-largest holding.
• Institutional interest remains strong, with several major funds increasing or initiating positions; hedge funds and other institutions collectively own 16.51% of TSMC.
• TSMC’s outlook is supported by AI-chip demand and rising analyst estimates, but the stock’s elevated valuation and expectations for margins, capital spending and earnings create downside risk. Analysts maintain an overall “Buy” rating with an average price target of $524.89.

ASK Capital Investment Managers LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,971 shares of the semiconductor company's stock, valued at approximately $5,005,000. Taiwan Semiconductor Manufacturing makes up approximately 5.5% of ASK Capital Investment Managers LLC's investment portfolio, making the stock its 7th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tiger Global Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 49.4% during the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock worth $1,880,717,000 after acquiring an additional 1,839,600 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 168.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,093,115 shares of the semiconductor company's stock valued at $636,077,000 after acquiring an additional 1,313,917 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Taiwan Semiconductor Manufacturing by 330.0% in the fourth quarter. Corient Private Wealth LLC now owns 1,583,175 shares of the semiconductor company's stock valued at $481,111,000 after acquiring an additional 1,215,035 shares in the last quarter. Fundsmith LLP purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter worth $548,465,000. Finally, Assenagon Asset Management S.A. purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter worth $490,461,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing News Roundup

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

• Positive Sentiment: Record demand and revenue momentum support the bullish case. TSMC’s latest monthly revenue data point to a strong quarter, driven by accelerating demand for advanced chips used in artificial intelligence applications. The company’s dominant foundry position—particularly in leading-edge production—continues to provide pricing power and support margin expansion. TSMC Revenue Growth Accelerated Faster Than Expected Last Quarter
• Positive Sentiment: Analysts are raising profit expectations. Erste Group lifted its FY2026 EPS forecast to $16.92 from $16.78 and its FY2027 estimate to $22.26 from $21.91, reflecting confidence in continued AI-related growth. Taiwan Semiconductor Manufacturing analyst estimates
• Positive Sentiment: Long-term investor enthusiasm remains strong. Coverage highlights TSMC’s near-monopoly in advanced AI-chip manufacturing, planned capacity expansion and pricing increases as potential drivers of stronger revenue and profitability through 2030. TSMC long-term growth outlook
• Neutral Sentiment: Earnings volatility is likely. Options traders expect a substantial post-earnings move, with the outcome depending heavily on quarterly margins, capital-spending plans and management’s forecast for future AI-chip demand. Expected TSMC earnings move
• Negative Sentiment: Expectations and valuation create downside risk. TSM trades near the upper end of its 52-week range at roughly 32 times earnings, while much of the positive AI narrative may already be reflected in the stock. Any margin shortfall, cautious guidance or heavier-than-expected capital spending could trigger profit-taking. TSMC earnings and valuation risks

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $445.34 on Wednesday. The company has a market cap of $2.31 trillion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 0.98 and a beta of 1.37. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. The firm's 50-day moving average price is $434.46 and its 200-day moving average price is $415.74. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $266.82 and a 52-week high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 EPS for the quarter. The company had revenue of $39.89 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.60 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be issued a $1.0854 dividend. This is a decrease from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. This represents a $4.34 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, December 10th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 24.96%.

Analyst Ratings Changes

TSM has been the topic of a number of recent analyst reports. Sanford C. Bernstein upped their price target on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 11th. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Weiss Ratings cut Taiwan Semiconductor Manufacturing from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, October 6th. DA Davidson boosted their target price on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Finally, Barclays upped their target price on Taiwan Semiconductor Manufacturing from $650.00 to $665.00 and gave the company an "overweight" rating in a research report on Tuesday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $524.89.

Insiders Place Their Bets

In other news, VP Bor-Zen Tien bought 3,000 shares of the business's stock in a transaction that occurred on Tuesday, July 21st. The shares were purchased at an average cost of $74.39 per share, with a total value of $223,170.00. Following the transaction, the vice president directly owned 4,000 shares in the company, valued at approximately $297,560. The trade was a 300.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Lipen Yuan bought 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average price of $74.50 per share, with a total value of $74,500.00. Following the purchase, the vice president directly owned 6,000 shares in the company, valued at $447,000. The trade was a 20.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 16,043 shares of company stock valued at $1,185,746. Insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's largest dedicated semiconductor foundry. Founded in 1987 by Morris Chang, the company pioneered the pure-play foundry model, producing chips designed by other companies rather than selling products under its own semiconductor brand.

TSMC manufactures a broad range of integrated circuits, including advanced logic chips used in high-performance computing, smartphones, automotive systems, communications equipment, and consumer electronics.

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