Empirical Finance LLC Has $29.69 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Empirical Finance LLC cut its TSMC position by 34.7% in the second quarter, selling 33,070 shares and retaining 62,160 shares valued at approximately $29.69 million. TSMC represents about 1.2% of the firm’s portfolio.
• TSMC’s outlook remains supported by strong AI-chip demand, advanced-node production and its roughly 73% global foundry share. Analysts maintain a “Buy” consensus, with an average price target of $523.22.
• Shares recently traded at $439.09, near their 52-week high, while the company reported a 50.31% net margin and $39.89 billion in quarterly revenue. However, the premium valuation and potential margin pressure from its approximately $265 billion U.S. expansion could limit upside.

Empirical Finance LLC decreased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 34.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,160 shares of the semiconductor company's stock after selling 33,070 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.2% of Empirical Finance LLC's portfolio, making the stock its 14th largest holding. Empirical Finance LLC's holdings in Taiwan Semiconductor Manufacturing were worth $29,686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Twin City Private Wealth LLC grew its stake in Taiwan Semiconductor Manufacturing by 0.3% in the 1st quarter. Twin City Private Wealth LLC now owns 7,315 shares of the semiconductor company's stock valued at $2,479,000 after buying an additional 25 shares during the last quarter. Graves Light Lenhart Wealth Inc. lifted its position in Taiwan Semiconductor Manufacturing by 3.4% during the 2nd quarter. Graves Light Lenhart Wealth Inc. now owns 752 shares of the semiconductor company's stock worth $359,000 after acquiring an additional 25 shares during the last quarter. OFS Enterprise LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 4.0% during the second quarter. OFS Enterprise LLC now owns 653 shares of the semiconductor company's stock valued at $312,000 after acquiring an additional 25 shares during the period. Wealthcare Capital Partners LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.0% during the second quarter. Wealthcare Capital Partners LLC now owns 2,606 shares of the semiconductor company's stock valued at $1,244,000 after acquiring an additional 25 shares during the period. Finally, Elser Financial Planning Inc grew its position in shares of Taiwan Semiconductor Manufacturing by 2.4% in the second quarter. Elser Financial Planning Inc now owns 1,081 shares of the semiconductor company's stock valued at $516,000 after purchasing an additional 25 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: AI growth and market leadership support the outlook. Taiwan Semiconductor remains a leading AI investment, retaining approximately 73% of the global foundry market. Demand for advanced nodes, including N2 and N3, as well as advanced packaging, is supporting expectations for strong revenue growth. Management has reportedly raised its 2026 revenue-growth outlook to slightly above 40%. Taiwan Semiconductor Retains 73% Foundry Share
• Positive Sentiment: TSMC is advancing adoption of ASML’s High-NA EUV technology. Taiwan Semiconductor plans to begin using ASML’s next-generation lithography systems around 2030 for advanced-chip production. The companies are also pursuing a 12-inch photomask pilot line by 2031, which could improve scanner productivity, reduce manufacturing complexity, and support future leading-edge nodes as AI chip demand grows. TSMC and Samsung Commit to ASML’s Newest Chipmaking Tools
• Positive Sentiment: Technical momentum is attracting additional investor attention. TSMC was identified as an IBD Stock of the Day after moving above an early-entry buy point during a broader semiconductor rally. Coverage also points to the company potentially reaching a $3 trillion market value before 2029 if its earnings and revenue expansion continue. TSMC, IBD Stock of the Day
• Neutral Sentiment: TSMC’s U.S. expansion has strategic benefits but raises execution concerns. The company’s roughly $265 billion U.S. investment is strengthening its political and customer relationships while diversifying production. However, overseas factories could pressure the margins that have historically made TSMC highly profitable. TSMC’s $265 Billion U.S. Bet
• Negative Sentiment: TSM’s valuation already reflects substantial optimism, with the shares near their 52-week high and trading at a premium earnings multiple. Any slowdown in AI spending, delays in advanced-node production, or weaker-than-expected returns from U.S. capacity expansion could limit further upside.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of recent analyst reports. Sanford C. Bernstein lifted their price objective on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, July 6th. DA Davidson lifted their price target on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Needham & Company LLC upped their price target on Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Finally, Stifel Nicolaus began coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, September 1st. They issued a "buy" rating and a $515.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $523.22.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other news, SVP Shu-Hua Fang bought 2,000 shares of the business's stock in a transaction that occurred on Thursday, July 2nd. The stock was acquired at an average cost of $77.09 per share, for a total transaction of $154,180.00. Following the completion of the purchase, the senior vice president owned 8,206 shares of the company's stock, valued at $632,600.54. This trade represents a 32.23% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shyue-Shyh Lin bought 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction that occurred on Tuesday, July 21st. The stock was purchased at an average cost of $74.13 per share, with a total value of $74,130.00. Following the completion of the transaction, the vice president owned 30,269 shares of the company's stock, valued at $2,243,840.97. This trade represents a 3.42% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 19,512 shares of company stock worth $1,450,270 over the last 90 days. Insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM traded up $10.18 during trading hours on Tuesday, reaching $439.09. 13,076,862 shares of the company traded hands, compared to its average volume of 13,496,468. The stock's fifty day moving average is $420.11 and its 200 day moving average is $398.63. The stock has a market cap of $2.28 trillion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.25 and a current ratio of 2.46. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $246.93 and a 1-year high of $479.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 39.25% and a net margin of 50.31%.The business had revenue of $39.89 billion for the quarter. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.52 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be given a $1.0854 dividend. The ex-dividend date is Thursday, December 10th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 1.0%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 25.25%.

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 leading dedicated semiconductor foundry. Founded in 1987 and headquartered in Hsinchu, Taiwan, the company pioneered the pure-play foundry business model, producing chips designed by other companies rather than developing and selling branded semiconductor products of its own.

TSMC manufactures semiconductor wafers using advanced and specialty process technologies.

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