BOCHK Asset Management Ltd Lowers Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• BOCHK Asset Management cut its position in Taiwan Semiconductor (TSM) by 50.7% in Q4, selling 4,816 shares and leaving 4,677 shares valued at $1.421 million (about 0.4% of BOCHK’s portfolio and its 27th largest holding).
• TSMC remains fundamentally strong — Q4 results showed $3.11 EPS on $30.65 billion revenue with a 45.1% net margin and a $1.89 trillion market cap, while analysts hold a consensus "Buy" rating (target $391.43) and the company announced a $0.9503 quarterly dividend (annualized $3.80, ~1.0% yield).

BOCHK Asset Management Ltd reduced its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 50.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,677 shares of the semiconductor company's stock after selling 4,816 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 0.4% of BOCHK Asset Management Ltd's investment portfolio, making the stock its 27th biggest holding. BOCHK Asset Management Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $1,421,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Kingsman Wealth Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 43.9% during the 4th quarter. Kingsman Wealth Management Inc. now owns 2,992 shares of the semiconductor company's stock worth $909,000 after acquiring an additional 913 shares in the last quarter. Cardinal Capital Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 40.4% during the 4th quarter. Cardinal Capital Management Inc. now owns 98,806 shares of the semiconductor company's stock worth $30,026,000 after acquiring an additional 28,454 shares in the last quarter. Trilogy Capital Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 5.5% during the 4th quarter. Trilogy Capital Inc. now owns 957 shares of the semiconductor company's stock worth $291,000 after acquiring an additional 50 shares in the last quarter. NRI Wealth Management LC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.8% during the 4th quarter. NRI Wealth Management LC now owns 15,511 shares of the semiconductor company's stock worth $4,714,000 after acquiring an additional 422 shares in the last quarter. Finally, Flagship Capital Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $4,101,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 0.2%

Shares of Taiwan Semiconductor Manufacturing stock opened at $365.15 on Friday. The firm has a market capitalization of $1.89 trillion, a PE ratio of 34.29, a P/E/G ratio of 1.00 and a beta of 1.35. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $145.84 and a twelve month high of $390.20. The firm's 50-day moving average price is $350.44 and its 200 day moving average price is $317.71. The company has a current ratio of 2.62, a quick ratio of 2.42 and a debt-to-equity ratio of 0.17.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share for the quarter. The firm had revenue of $30.65 billion for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 34.89%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be paid a $0.9503 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 11th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 27.89%.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Citi reaffirmed a Buy on TSM and raised its price target, highlighting growing demand for AI-driven chips — a direct endorsement supporting upside expectations for revenue and margins. Citi Remains Bullish on Taiwan Semiconductor (TSM) Amid Growing Demand for AI-Driven Chips
• Positive Sentiment: Analysts and coverage pieces point to TSMC tightening its AI leadership as advanced nodes (3nm/2nm) drive higher ASPs and margins — reinforcing expectations for continued top- and bottom-line beats. TSMC's AI Grip Tightens Further
• Positive Sentiment: Silicon Motion began high-volume production of PCIe Gen5 SSD controllers on TSMC’s 6nm EUV node — a customer ramp that signals continued fab utilization and revenue contribution from TSMC’s mature-leading nodes. Silicon Motion Gen5 SSD Push Raises Questions On Valuation And Growth
• Positive Sentiment: Reports citing strong AI server demand at supply-chain partners (e.g., Foxconn) validate the broader hardware cycle that benefits TSMC’s foundry volumes. Apple’s Silent Partner Just Validated the Hardware Boom (TSM)
• Neutral Sentiment: Some investors question whether TSM’s strong run (more than +100% over the past year) leaves valuation stretched; pieces weighing “is it too late” may increase profit-taking. Is It Too Late To Consider Taiwan Semiconductor NYSE: TSM After 133% One Year Surge?
• Negative Sentiment: Geopolitical tensions around Taiwan remain a recurring risk, keeping a premium on TSMC’s valuation as investors price potential supply-chain disruption. Geopolitical Tension Puts TSMC Valuation And Supply Chain Resilience In Focus
• Negative Sentiment: Competitor developments (e.g., Intel bolstering its foundry and partnerships) could pressure TSMC’s market-share narrative over time and are being watched by investors as a potential medium-term headwind. Intel's New Orbit: From Chip Lag to Leading Edge (TSM)
• Negative Sentiment: Near-term macro and geopolitical headlines (e.g., Hormuz/energy risks and upcoming CPI prints) are increasing market volatility and can weigh on big-cap semiconductor names including TSM. Dow Jones Futures: Trump Issues Hormuz Threat Before Iran Talks; CPI Inflation, Nvidia Chipmaker Due

Insiders Place Their Bets

In other Taiwan Semiconductor Manufacturing news, VP Bor-Zen Tien bought 1,000 shares of the firm's stock in a transaction on Sunday, March 22nd. The shares were acquired at an average cost of $55.93 per share, with a total value of $55,930.00. Following the purchase, the vice president directly owned 9,051 shares of the company's stock, valued at $506,222.43. This trade represents a 12.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TSM has been the topic of several recent analyst reports. Dbs Bank raised shares of Taiwan Semiconductor Manufacturing to a "moderate buy" rating in a research note on Friday, January 23rd. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $325.00 to $370.00 and gave the stock a "hold" rating in a research note on Friday, January 16th. Freedom Capital raised shares of Taiwan Semiconductor Manufacturing to a "strong-buy" rating in a research note on Thursday, January 15th. Wedbush reaffirmed an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, February 11th. Finally, Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $380.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, January 16th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $391.43.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC's service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

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