Galvin Gaustad & Stein LLC Cuts Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Galvin Gaustad & Stein LLC reduced its stake in Taiwan Semiconductor Manufacturing (TSM) by 7.9% in Q4, selling 5,649 shares to hold 65,539 shares worth about $19.9 million (≈1.6% of the firm's portfolio and its 20th largest holding).
• Analysts are broadly bullish: MarketBeat shows a consensus Buy rating with a $391.43 target, and TSMC is guiding Q1 revenue of $34.6–$35.8 billion as rising AI/data‑center chip demand drives expectations for record profits.
• Insider activity shows confidence from management as VP Bor‑Zen Tien purchased 1,000 shares at $55.93, increasing his holdings to 9,051 shares (a 12.42% rise in his ownership).

Galvin Gaustad & Stein LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,539 shares of the semiconductor company's stock after selling 5,649 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.6% of Galvin Gaustad & Stein LLC's portfolio, making the stock its 20th largest holding. Galvin Gaustad & Stein LLC's holdings in Taiwan Semiconductor Manufacturing were worth $19,917,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Westfuller Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 2.2% during the 3rd quarter. Westfuller Advisors LLC now owns 1,551 shares of the semiconductor company's stock worth $434,000 after buying an additional 34 shares in the last quarter. Sovereign Financial Group Inc. increased its stake in Taiwan Semiconductor Manufacturing by 4.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 793 shares of the semiconductor company's stock worth $241,000 after buying an additional 34 shares in the last quarter. Avion Wealth increased its stake in Taiwan Semiconductor Manufacturing by 10.8% during the 4th quarter. Avion Wealth now owns 349 shares of the semiconductor company's stock worth $106,000 after buying an additional 34 shares in the last quarter. BankPlus Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.6% during the 3rd quarter. BankPlus Wealth Management LLC now owns 2,291 shares of the semiconductor company's stock worth $640,000 after buying an additional 35 shares in the last quarter. Finally, Bank of Jackson Hole Trust increased its stake in Taiwan Semiconductor Manufacturing by 7.5% during the 3rd quarter. Bank of Jackson Hole Trust now owns 500 shares of the semiconductor company's stock worth $140,000 after buying an additional 35 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on TSM. Weiss Ratings upgraded Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 20th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $325.00 to $370.00 and gave the stock a "hold" rating in a research note on Friday, January 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, January 5th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, January 2nd. Finally, Zacks Research lowered Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $391.43.

Insider Activity

In related news, VP Bor-Zen Tien purchased 1,000 shares of the company's stock in a transaction dated Sunday, March 22nd. The stock was acquired at an average cost of $55.93 per share, for a total transaction of $55,930.00. Following the completion of the transaction, the vice president directly owned 9,051 shares of the company's stock, valued at approximately $506,222.43. This trade represents a 12.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.11% of the stock is owned by company insiders.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $369.60 on Tuesday. 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 business has a 50 day simple moving average of $351.80 and a 200-day simple moving average of $319.56. The firm has a market capitalization of $1.91 trillion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.01 and a beta of 1.35. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $145.84 and a 1 year high of $390.20.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th will be given a $0.9503 dividend. The ex-dividend date is Thursday, June 11th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.0%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 28.17%.

Key Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Surging AI demand and strong guidance: TSMC is guiding Q1 revenue of $34.6–$35.8B (nearly 40% YoY) and analysts expect continued record profits driven by AI/data-center chips — a primary bullish driver for sales and multiple expansion. Taiwan Semiconductor Q1: Middle East War Consequences And The Zero-Availability Crisis
• Positive Sentiment: Record-profit expectations: Multiple outlets report TSMC is likely to post a fourth straight quarter of record profit and large YoY net-profit gains as AI chip demand lifts revenue and pricing power. This frames expectations for an earnings beat. TSMC likely to book fourth straight quarter of record profit on insatiable AI demand
• Positive Sentiment: Technology/roadmap upside: Advanced nodes now make up a large portion of wafer revenue and TSMC has 2nm in mass production, supporting long-term premium margins and market share in AI chips. Taiwan Semiconductor Q1: Middle East War Consequences And The Zero-Availability Crisis
• Positive Sentiment: Insider buy: CEO Che-Chia Wei made a small open-market purchase, a near-term positive governance/confidence signal for investors. SEC Form 4 disclosure
• Neutral Sentiment: Consensus/expectations set to favor a beat: Multiple previews and analyst notes (Zacks, Yahoo, Motley Fool) expect TSMC to beat Q1 estimates, which raises the bar for a strong beat and increases post-earnings volatility. 3 Quarterly Reports to Watch This Week: NFLX, PEP, TSM
• Neutral Sentiment: ETF and index flow focus: Coverage highlights ETFs and funds as a lever for near-term inflows/outflows tied to TSMC’s earnings reaction, which can amplify moves but is not a fundamental change. ETFs to Play Taiwan Semiconductor's Upbeat Results on AI Boom
• Negative Sentiment: Rising costs from overseas expansion: Several previews warn that capex and higher operating costs for overseas fabs could pressure margins even as revenue rises — a key earnings risk. TSM Likely to Beat Q1 Earnings Estimates: How to Play the Stock?
• Negative Sentiment: Geopolitical and supply risks: Middle East tensions and broader “zero-availability” supply constraints are flagged as potential disruptors to the supply chain and market sentiment, which can trigger short-term selloffs. Taiwan Semiconductor Q1: Middle East War Consequences And The Zero-Availability Crisis
• Negative Sentiment: Potential for elevated volatility: With high expectations priced in (near all-time highs, strong momentum), any miss or conservative guidance could amplify downside given stretched multiples. TSMC Q1 Earnings Preview: What to Expect From Upcoming Report

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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