Legal & General Group Plc Raises Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Legal & General Group Plc modestly increased its stake in Taiwan Semiconductor (TSM) by 0.6% in Q3, ending with 1,551,183 shares valued at about $433.13 million after buying 8,896 shares.
• Analyst sentiment is largely positive with a MarketBeat consensus of "Buy" and an average price target of $391.43, while some firms have raised targets (Barclays to $450, TD Cowen to $370).
• TSMC reported strong results—$3.11 EPS and $30.65 billion revenue—and February revenue growth of roughly 22–30% driven by AI chip demand, though the stock faces a valuation debate after a >100% one‑year rally.

Legal & General Group Plc boosted its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 0.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,551,183 shares of the semiconductor company's stock after purchasing an additional 8,896 shares during the period. Legal & General Group Plc's holdings in Taiwan Semiconductor Manufacturing were worth $433,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.0% in the third quarter. Fisher Asset Management LLC now owns 17,833,127 shares of the semiconductor company's stock valued at $4,980,614,000 after buying an additional 168,171 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,759,419 shares of the semiconductor company's stock worth $4,401,448,000 after buying an additional 541,047 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 14,805,720 shares of the semiconductor company's stock worth $3,353,348,000 after purchasing an additional 115,158 shares during the last quarter. Jennison Associates LLC boosted its stake in Taiwan Semiconductor Manufacturing by 4.5% during the third quarter. Jennison Associates LLC now owns 12,591,542 shares of the semiconductor company's stock worth $3,516,692,000 after buying an additional 544,750 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Taiwan Semiconductor Manufacturing by 18.0% during the 2nd quarter. Alliancebernstein L.P. now owns 10,457,800 shares of the semiconductor company's stock valued at $2,368,587,000 after acquiring an additional 1,593,786 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

TSM has been the subject of several analyst reports. Freedom Capital upgraded Taiwan Semiconductor Manufacturing to a "strong-buy" rating in a research report on Thursday, January 15th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, January 9th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $325.00 to $370.00 and gave the company a "hold" rating in a research report on Friday, January 16th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $380.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, January 16th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, January 2nd. Four analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $391.43.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $346.81 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.42 and a current ratio of 2.62. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $390.20. The stock has a market capitalization of $1.80 trillion, a PE ratio of 32.56, a PEG ratio of 0.97 and a beta of 1.29. The stock has a 50-day simple moving average of $344.95 and a 200-day simple moving average of $304.23.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The semiconductor company reported $3.11 EPS for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.89% and a net margin of 45.13%.The business had revenue of $30.65 billion for the quarter. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 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, July 9th. Investors of record on Thursday, June 11th will be given a $0.9503 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, June 11th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 23.57%.

More Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: TSMC reported double‑digit February revenue growth (consolidated net revenue NT$317.66B) and multiple outlets highlight Feb/early‑Q1 sales up ~22–30% year‑over‑year driven by AI chip demand — a clear near‑term tailwind for earnings. Taiwan Semiconductor’s Sales Rise 30 On A.I. Chip Demand
• Positive Sentiment: Zacks upgraded TSM to a Rank #1 (Strong Buy), reflecting growing optimism around TSMC’s earnings trajectory as AI spending accelerates — upgrades can support short‑term buying interest. TSMC (TSM) Upgraded to Strong Buy
• Neutral Sentiment: Coverage highlights TSMC as a core play on AI but flags a valuation debate after the stock’s large run — investors are reassessing whether multiples already price in future growth. Valuation Debate Defines Market Narrative
• Neutral Sentiment: Several pieces ask whether TSMC is “too late” after a ~100%+ one‑year rally — this frames growing debate between momentum investors and value/entry‑timing concerns. Is It Too Late To Consider TSMC After 106% One Year Rally
• Negative Sentiment: Barron’s notes the stock slipped because investors worry that strong revenue growth may not offset seasonal weakness and potential energy disruptions — these operational risks can compress near‑term multiples. TSMC Stock Slips. Why Strong Revenue Growth Isn't Enough
• Negative Sentiment: Geopolitical tension in the Middle East is raising supply‑chain and energy risk chatter for chip names (including TSMC via fab energy/costs and customer disruptions), which is increasing short‑term volatility for the sector. How the Chip Supply Chain Is Threatened by Iran War

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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