Contravisory Investment Management Inc. Sells 5,938 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Contravisory Investment Management Inc. reduced its stake in Taiwan Semiconductor (TSM) by 11.7%, selling 5,938 shares and leaving 45,011 shares worth about $13.68 million, making TSM its second-largest holding at 2.7% of the portfolio.
• TSMC has a market capitalization of about $1.75 trillion, reported quarterly EPS of $3.11 on $30.65 billion in revenue with a 45.1% net margin, and carries an average analyst rating of "Buy" with a consensus price target near $391.43.
• Market dynamics: a 2nm capacity crunch and TSMC's dominant role in AI chips support near-term pricing power, but production vulnerabilities (helium/energy), rising competition (Samsung's spending), and geopolitical risks could weigh on supply and sentiment.

Contravisory Investment Management Inc. lowered its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,011 shares of the semiconductor company's stock after selling 5,938 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 2.7% of Contravisory Investment Management Inc.'s portfolio, making the stock its 2nd largest position. Contravisory Investment Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $13,678,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Fisher Asset Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.0% in the 3rd quarter. Fisher Asset Management LLC now owns 17,833,127 shares of the semiconductor company's stock worth $4,980,614,000 after acquiring an additional 168,171 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 15,759,419 shares of the semiconductor company's stock valued at $4,401,448,000 after purchasing an additional 541,047 shares during the period. Bank of America Corp DE lifted its position in shares of Taiwan Semiconductor Manufacturing by 0.9% during the third quarter. Bank of America Corp DE now owns 14,935,893 shares of the semiconductor company's stock worth $4,171,445,000 after purchasing an additional 130,173 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.5% in the third quarter. Jennison Associates LLC now owns 12,591,542 shares of the semiconductor company's stock valued at $3,516,692,000 after purchasing an additional 544,750 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.2% in the third quarter. Alliancebernstein L.P. now owns 10,687,037 shares of the semiconductor company's stock valued at $2,984,783,000 after purchasing an additional 229,237 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 2.9%

TSM opened at $338.68 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $390.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.62 and a quick ratio of 2.42. The stock has a market capitalization of $1.75 trillion, a PE ratio of 31.80, a P/E/G ratio of 0.90 and a beta of 1.29. The firm's fifty day moving average price is $348.80 and its 200 day moving average price is $310.94.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The semiconductor company reported $3.11 earnings per share for the quarter. The company had revenue of $30.65 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 34.89%. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be issued a $0.9503 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 11th. Taiwan Semiconductor Manufacturing's payout ratio is currently 28.36%.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: TSMC’s 2nm capacity crunch is forcing major customers (including NVIDIA) to rethink designs, underscoring extreme demand and limited supply for TSMC’s leading-edge nodes — a near-term pricing and leverage positive for TSMC. Nvidia (NVDA) Stock Drops 3% Amid TSMC Manufacturing Bottleneck Concerns
• Positive Sentiment: Coverage pieces emphasize TSMC’s de facto “AI gatekeeper” role (dominant share of advanced foundry and packaging technologies), reinforcing expectations for sustained revenue and margin strength. Taiwan Semiconductor Controls 72% of the Global Chip Market, and the Stock Could Surge in 2026
• Positive Sentiment: Recent analyst upgrades and “buy” recommendations add buy-side momentum and institutional validation, supporting the rally. Taiwan Semiconductor Given Average Recommendation of "Buy" by Analysts
• Neutral Sentiment: TSMC’s CEO publicly dismissed some Chinese humanoid robot demos as “fun but useless,” a PR/data-point emphasizing that advanced robotics still require cutting-edge semiconductors — more narrative than operational news. Robot Brain Maker TSMC (TSM) Blasts Chinese Humanoids as “Fun But Useless”
• Negative Sentiment: Operational risk: a reported helium/energy supply crunch (Qatar disruption) could hit EUV tool uptime and constrain production runs — a real short-term production vulnerability for advanced-node output. TSMC Helium Crisis: How the Persian Gulf War Put the World’s Chip Supply on an 11-Day Clock
• Negative Sentiment: Competitive risk: Samsung’s aggressive ~$73B spending push to bolster AI-focused fabs raises medium-term competition for advanced nodes and packaging capacity. Samsung Targets SK Hynix AI Lead With $73 Billion Blitz
• Negative Sentiment: Geopolitical risk remains a watch item (Middle East tensions, Taiwan’s strategic exposure); several pieces flag the potential for disruptions that could pressure investor sentiment despite TSMC’s global expansion plans. Are Rising Geopolitical Tensions a Reason to Sell Taiwan Semiconductor Stock?

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Argus raised shares of Taiwan Semiconductor Manufacturing to a "strong-buy" rating in a research note on Thursday, January 15th. Wedbush reissued an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, February 11th. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $325.00 to $370.00 and gave the company a "hold" rating in a research note on Friday, January 16th. Zacks Research lowered Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Finally, UBS Group set a $330.00 price target on Taiwan Semiconductor Manufacturing in a report on Sunday, December 7th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target 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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