Taiwan Semiconductor Manufacturing Company Ltd. $TSM Holdings Lifted by Pension & Wealth Management Advisors Inc.

Key Points

• Institutional interest increased sharply: Pension & Wealth Management Advisors raised its TSMC position by 1,185.2% to 2,339 shares valued at approximately $1.07 million. Other major investors also expanded their holdings, with institutions and hedge funds owning 16.51% of the stock.
• Analysts remain broadly bullish: Recent firms raised their price targets, and TSMC has a consensus “Buy” rating with an average target of $528.78. Company insiders also purchased 16,043 shares worth roughly $1.19 million during the latest quarter.
• Shares and dividend came under pressure: TSM stock traded at $413.15, down $9.10, while the company reduced its quarterly dividend to $1.0854 from $1.1136, implying a 1.1% annualized yield.

Pension & Wealth Management Advisors Inc. raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1,185.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,339 shares of the semiconductor company's stock after purchasing an additional 2,157 shares during the period. Pension & Wealth Management Advisors Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Tiger Global Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 49.4% during the first quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock worth $1,880,717,000 after purchasing an additional 1,839,600 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Taiwan Semiconductor Manufacturing by 168.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,093,115 shares of the semiconductor company's stock valued at $636,077,000 after buying an additional 1,313,917 shares in the last quarter. Corient Private Wealth LLC raised its stake in Taiwan Semiconductor Manufacturing by 330.0% in the fourth quarter. Corient Private Wealth LLC now owns 1,583,175 shares of the semiconductor company's stock valued at $481,111,000 after buying an additional 1,215,035 shares in the last quarter. Fundsmith LLP acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $548,465,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $490,461,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Lipen Yuan bought 350 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average price of $73.58 per share, for a total transaction of $25,753.00. Following the acquisition, the vice president owned 2,000 shares of the company's stock, valued at $147,160. This trade represents a 21.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Shyue-Shyh Lin bought 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Tuesday, July 21st. The shares were purchased at an average cost of $74.13 per share, for a total transaction of $74,130.00. Following the completion of the transaction, the vice president owned 30,269 shares of the company's stock, valued at approximately $2,243,840.97. This represents a 3.42% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 16,043 shares of company stock worth $1,185,746. 1.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TSM shares. Zacks Research raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an "overweight" rating in a research report on Friday. Sanford C. Bernstein upped their price target on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a "positive" rating in a research note on Thursday, July 16th. Finally, Weiss Ratings lowered Taiwan Semiconductor Manufacturing from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $528.78.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $9.10 during midday trading on Friday, reaching $413.15. 16,622,028 shares of the company were exchanged, compared to its average volume of 10,450,369. The stock has a market cap of $2.14 trillion, a P/E ratio of 26.59, a PEG ratio of 0.87 and a beta of 1.37. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $434.71 and a 200 day simple moving average of $417.11. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $266.82 and a 1 year high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Tuesday, September 8th. The semiconductor company reported $4.62 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The firm had revenue of $46.87 billion during the quarter. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.65 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be paid a $1.0854 dividend. This represents a $4.34 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 10th. This is a decrease from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 24.96%.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Record results and strong guidance support the long-term outlook. Third-quarter net income rose 68.7% year over year to NT$763.1 billion, while revenue increased about 51% and exceeded analyst estimates. TSMC also forecast fourth-quarter revenue of $52.3 billion to $54.3 billion, well above the consensus estimate. TSMC posts record profit for a sixth straight quarter
• Positive Sentiment: AI demand remains the key growth driver. Advanced technologies represented 79% of wafer revenue, and management reported no signs of a slowdown in demand for AI and high-performance-computing chips. Full-year 2026 revenue growth is expected to be approximately 44%, while annual 2-nanometer capacity is projected to more than double in 2027. Three key takeaways for long-term investors
• Positive Sentiment: Analysts remain bullish. DA Davidson reaffirmed its Buy rating with a $500 target, while Needham raised its target to $560. Articles also highlight TSMC’s manufacturing scale and competitive moat as potential benefits from continued AI infrastructure investment. TSMC long-term investment outlook
• Neutral Sentiment: Capacity expansion is both an opportunity and a concern. TSMC is considering additional U.S. expansion, including potential involvement in Elon Musk’s proposed Texas “Terafab,” while Taiwan is planning Texas industrial parks for Nvidia suppliers. These projects could improve customer access and supply-chain resilience but increase execution and investment requirements. TSMC talks with Elon Musk’s Terafab
• Negative Sentiment: Large capital expenditures are weighing on sentiment. TSMC’s roughly $64 billion spending plan has prompted questions about returns, potential overcapacity and whether AI demand can justify the industry’s investment pace. Investors also remain concerned about AI companies’ debt financing and profitability. Why TSMC’s spending plan concerns investors
• Negative Sentiment: Sector-wide risk aversion is overpowering the earnings beat. Chip stocks are selling off amid inflation, higher interest rates, concerns about AI financing and questions about whether the AI boom has already been priced into valuations. Commentary also notes that TSMC’s strong results may have raised expectations too high. Chip stocks tumble on AI investment worries

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's largest dedicated semiconductor foundry. Founded in 1987 by Morris Chang, the company pioneered the pure-play foundry model, producing chips designed by other companies rather than selling products under its own semiconductor brand.

TSMC manufactures a broad range of integrated circuits, including advanced logic chips used in high-performance computing, smartphones, automotive systems, communications equipment, and consumer electronics.

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