Fulcrum Asset Management LLP Makes New $2.64 Million Investment in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Fulcrum Asset Management opened a new position in Taiwan Semiconductor (TSM) in Q4, buying 8,673 shares worth about $2.636 million according to its latest 13F filing.
• Analyst sentiment is broadly positive with a MarketBeat consensus rating of Buy and an average price target of $404.29; several firms upgraded TSM, including Barclays (target to $470) and Weiss/Wall Street Zen raising ratings to Buy.
• TSMC has a market cap of roughly $2.15 trillion and reported $3.11 EPS on $30.65 billion revenue for the quarter; it declared a quarterly dividend of $0.9503 (annualized $3.80, ~0.9% yield) amid additional institutional and some insider buying.

Fulcrum Asset Management LLP purchased a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,673 shares of the semiconductor company's stock, valued at approximately $2,636,000.

A number of other large investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 82.0% during the fourth quarter. Stephens Consulting LLC now owns 91 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 41 shares during the period. Ares Financial Consulting LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $29,000. Resources Management Corp CT ADV purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $32,000. Maseco LLP purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $35,000. Finally, Cedar Wealth Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 91.4% during the third quarter. Cedar Wealth Management LLC now owns 134 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 64 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TSM shares. Weiss Ratings raised Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 20th. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $450.00 to $470.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. Dbs Bank raised Taiwan Semiconductor Manufacturing to a "moderate buy" rating in a research report on Friday, January 23rd. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Sunday, March 22nd. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $404.29.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Fisher Asset Management increased its TSMC stake by 470,791 shares, signaling institutional confidence and adding a concrete buyer to the register. Fisher Asset Management boosts TSMC stake by 470,791 shares
• Positive Sentiment: TSMC is being highlighted by long‑term buy lists — InsiderMonkey names TSM among the "5 Best Stocks to Buy for the Next 15 Years," reinforcing buy‑and‑hold narratives for investors focused on secular AI/compute demand. 5 Best Stocks to Buy for the Next 15 Years
• Positive Sentiment: Analyst/strategy pieces continue to cast TSMC as an income/AI exposure play (Zacks includes it among dividend‑paying tech names with AI upside), which supports demand from income‑oriented investors. These 3 Dividend Paying Tech Stocks Offer AI Exposure
• Neutral Sentiment: BofA research says ASML will benefit from demand for existing EUV systems (Low‑NA) more than High‑NA in the near term — favorable for industry equipment orders but only indirectly impacts TSMC’s near‑term revenue. ASML to reap benefits from demand from Low-NA EUV adoption
• Neutral Sentiment: Macro/sector commentary positions TSMC as a "pick‑and‑shovel" AI beneficiary, supporting the long‑term thesis even if short‑term volatility persists. The Next Phase of the AI Boom Could Be Even Kinder to the Pick-and-Shovel Plays
• Neutral Sentiment: Roundup of analyst upgrades/downgrades mentions TSM among movers but without a singular directional catalyst; this keeps intraday flows mixed. SA analyst upgrades/downgrades: TSM, OXY, VLO, HOG
• Negative Sentiment: Apple is holding exploratory talks with Intel and Samsung about producing some processors outside TSMC to reduce supply‑chain/geopolitical risk — this raises the risk of future order diversification away from TSMC. Apple Explores New Chip Suppliers As Investors Weigh Supply Chain Risks
• Negative Sentiment: Seeking Alpha flags "early signs of formidable foundry competition," highlighting capacity/cost pressures and ramp risks that could weigh on TSMC’s premium pricing over time. TSMC: Early Signs Of Formidable Foundry Competition
• Negative Sentiment: Large, speculative plans (e.g., SpaceX/Terafab) and increased investment from rivals represent a long‑term competitive overhang—highly uncertain but watched by investors as a potential industry disruptor. Elon Musk Plans To Spend Up To $119 Billion On Chip Plant To Take On TSMC

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $414.30 on Friday. The firm has a market capitalization of $2.15 trillion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 1.23 and a beta of 1.39. The business's fifty day moving average price is $361.06 and its 200 day moving average price is $330.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.51 and a quick ratio of 2.32. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $173.66 and a 12 month high of $420.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 EPS for the quarter. The firm had revenue of $30.65 billion for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 38.17% and a net margin of 46.97%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.24 earnings per share 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. 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 0.9%. The ex-dividend date of this dividend is Thursday, June 11th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 24.71%.

Insider Buying and Selling

In other Taiwan Semiconductor Manufacturing news, VP Bor-Zen Tien bought 1,000 shares of the company's stock in a transaction that occurred on Sunday, March 22nd. The shares were purchased at an average price of $55.93 per share, with a total value of $55,930.00. Following the completion of the acquisition, the vice president directly owned 9,051 shares of the company's stock, valued at $506,222.43. This represents a 12.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.11% of the stock is owned by company insiders.

Taiwan Semiconductor Manufacturing Profile

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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