Taiwan Semiconductor Manufacturing Company Ltd. $TSM is FengHe Fund Management Pte. Ltd.'s 6th Largest Position

Key Points

• FengHe Fund Management trimmed its position in Taiwan Semiconductor by 11.0% in Q4 to 314,940 shares (≈$95.7 million), making TSMC its 6th-largest holding at about 5.4% of the fund.
• Market and analyst momentum is positive: TSMC unveiled the A13 process, benefits from rising AI chip demand and a recent 52-week high, and the consensus rating is skewed toward Buy with an average target around $404.

FengHe Fund Management Pte. Ltd. lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,940 shares of the semiconductor company's stock after selling 38,960 shares during the period. Taiwan Semiconductor Manufacturing makes up about 5.4% of FengHe Fund Management Pte. Ltd.'s portfolio, making the stock its 6th biggest holding. FengHe Fund Management Pte. Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $95,707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 82.0% during the 4th quarter. Stephens Consulting LLC now owns 91 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 41 shares during the last quarter. Ares Financial Consulting LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $29,000. Maseco LLP purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $35,000. Westend Capital Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 476.2% in the 4th quarter. Westend Capital Management LLC now owns 121 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 100 shares during the period. Finally, Cedar Wealth Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 91.4% in the 3rd quarter. Cedar Wealth Management LLC now owns 134 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 64 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: TSMC unveiled its A13 process (a “direct shrink” of last year’s A14) at the 2026 North America Technology Symposium — a near-term node improvement that supports TSM’s technology leadership, potential ASP/margin upside, and customer wins for advanced AI/compute chips. Taiwan Semiconductor Manufacturing Company Limited (TSM) Unveils A13 Technology at 2026 North America Technology Symposium
• Positive Sentiment: Broader AI earnings and chip demand momentum are lifting sector sentiment — stronger AI revenue outlooks for major cloud/AI players increases foundry loadings and capex visibility for TSMC. Why This Week Could Be Huge For AI Stocks
• Positive Sentiment: TSMC hit a new 52-week high recently — a technical signal that reflects strong investor appetite and momentum for the stock amid the AI chip rally. Taiwan Semiconductor Manufacturing NYSE: TSM Sets New 52-Week High – Time to Buy?
• Positive Sentiment: Taiwan’s court handed heavy sentences and fines in a TSMC trade‑secrets case — stronger IP and national-security enforcement lowers long‑term technology leakage risk for TSMC’s advanced nodes. Taiwan court sentences ex-Tokyo Electron staff to 10 years in TSMC trade secrets case
• Neutral Sentiment: Positive analyst moves in adjacent chip names (e.g., Marvell price-target boost) support sector momentum but are indirect for TSMC’s fundamentals. Marvell Technology (MRVL) Price Target Increase by $21 Following Strong Sector Signals
• Neutral Sentiment: Google is pursuing multiple partners (including MediaTek) for next‑gen AI chips — diversification by big cloud customers is a mixed signal for TSMC: demand stays large but share gains aren’t guaranteed. Google looks to MediaTek for next-gen AI chips
• Negative Sentiment: Comparisons with equipment suppliers: some analysts argue Lam Research (LRCX) may outperform TSMC near term because TSMC faces heavier capital spending and geopolitical exposure tied to Taiwan — that raises investor concerns about higher near‑term cash requirements and execution risk. TSMC vs. Lam Research: Which AI Infrastructure Stock Has an Edge?
• Negative Sentiment: Analyst downgrades elsewhere (e.g., Northland’s downgrade of AMD) could signal cooler demand expectations for some customers and chipmakers — a potential headwind for foundry order growth if weakness broadens. After 11 years, Northland Capital downgrades AMD

Wall Street Analyst Weigh In

Several research firms recently issued reports on TSM. Freedom Capital raised Taiwan Semiconductor Manufacturing to a "strong-buy" rating in a research report on Thursday, January 15th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $325.00 to $370.00 and gave the company a "hold" rating in a research report on Friday, January 16th. Zacks Research downgraded Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. DA Davidson reissued a "buy" rating and issued a $450.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 17th. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $404.29.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $405.16 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.51 and a quick ratio of 2.32. The stock's fifty day moving average price is $357.15 and its 200 day moving average price is $325.93. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $160.50 and a 1 year high of $414.50. The company has a market cap of $2.10 trillion, a price-to-earnings ratio of 33.71, a PEG ratio of 1.19 and a beta of 1.35.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share for the quarter. The company 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%. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.03 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.9503 per share. 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 (DPR) is currently 24.71%.

Insiders Place Their Bets

In related news, VP Bor-Zen Tien purchased 1,000 shares of the business's stock in a transaction on Sunday, March 22nd. The shares were bought at an average cost of $55.93 per share, with a total value of $55,930.00. Following the transaction, the vice president 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.11% of the company's stock.

About Taiwan Semiconductor Manufacturing

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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