Taiwan Semiconductor Manufacturing Company Ltd. $TSM is Sanders Capital LLC's Largest Position

Key Points

• Sanders Capital LLC cut its position in Taiwan Semiconductor (TSM) by 15.7% in Q3 to 32,280,404 shares, which still comprised about 11.1% of its portfolio and was worth roughly $9.02 billion.
• TSMC reported Q earnings of $3.11 per share on $30.65 billion in revenue, has a market cap of $1.84 trillion, a net margin of 45.13% and a PE of 33.27, and carries a consensus analyst rating of Buy with an average price target of $391.43.
• Market sentiment is broadly positive—multiple upgrades and bullish commentary tied to AI-driven demand—while analysts also flag valuation and macro/energy risks that could drive short-term volatility.

Sanders Capital LLC cut its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 15.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,280,404 shares of the semiconductor company's stock after selling 5,999,140 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 11.1% of Sanders Capital LLC's investment portfolio, making the stock its largest position. Sanders Capital LLC owned 0.62% of Taiwan Semiconductor Manufacturing worth $9,015,594,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Heartwood Wealth Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth approximately $32,000. Cedar Wealth Management LLC boosted its stake 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 purchasing an additional 64 shares in the last quarter. Fairman Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 171.2% during the 3rd quarter. Fairman Group LLC now owns 141 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 89 shares during the last quarter. Resources Management Corp CT ADV bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $32,000. Finally, Delta Asset Management LLC TN raised its position in Taiwan Semiconductor Manufacturing by 50.0% in the 3rd quarter. Delta Asset Management LLC TN now owns 150 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 50 shares during the period. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 2.1%

Shares of NYSE TSM opened at $354.35 on Thursday. The firm has a fifty day simple moving average of $345.96 and a two-hundred day simple moving average of $304.58. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $390.20. The company has a current ratio of 2.62, a quick ratio of 2.42 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.84 trillion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 0.95 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 34.89%. The company had revenue of $30.65 billion for the quarter. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.9503 per share. The ex-dividend date is Thursday, June 11th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 23.57%.

Analysts Set New Price Targets

TSM has been the topic of a number of recent research reports. Wedbush reaffirmed an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, February 11th. Zacks Research raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 3rd. DA Davidson upgraded Taiwan Semiconductor Manufacturing to a "strong-buy" rating in a research report on Friday, February 13th. Weiss Ratings cut Taiwan Semiconductor Manufacturing from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, March 5th. Finally, Needham & Company LLC increased their price objective on Taiwan Semiconductor Manufacturing from $360.00 to $410.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. Four research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $391.43.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Bank of America reiterated a Buy on TSM with a $470 price target, reinforcing confidence in TSM’s technology leadership and margin upside — a clear catalyst for investor buying. TSMC: Resilient Growth, Sustained Technology Leadership, and Margin Upside Support Buy Rating
• Positive Sentiment: Zacks upgraded TSMC to a Zacks Rank #1 (Strong Buy), signalling rising optimism on earnings prospects and likely adding to buying pressure from retail and quant flows. TSMC (TSM) Upgraded to Strong Buy: Here's What You Should Know
• Positive Sentiment: Multiple reports show strong February sales and continued AI-driven revenue growth (reports of ~22–30% year-over-year sales gains and industry-wide semiconductor sales surging), supporting the bull case for higher future earnings and cash flow. TSMC Stock Is Rising. Chip Maker Revenue Jumps 30% on AI Demand
• Neutral Sentiment: Macro risk from the Iran war and energy-market shocks is creating short-term volatility across foreign stocks; analysts note growth drivers remain intact but near-term uncertainty could intermittently pressure sentiment. Foreign Stocks Are Reeling From the Iran War. Buying the Dip Could Pay Off.
• Neutral Sentiment: Analyst commentary and sector reports highlight booming semiconductor demand (AI-led), which is supportive but also raises expectations—keeping moves sensitive to execution and guidance. The Zacks Analyst Blog Analog Devices, NXP, Taiwan and NVIDIA
• Negative Sentiment: Barron's flagged that despite strong revenue growth investors are focused on seasonal weakness and the risk of energy disruptions — factors that can cap multiple expansion and trigger short-term profit-taking. TSMC Stock Slips. Why Strong Revenue Growth Isn't Enough for Investors
• Negative Sentiment: At least one report noted industry shares fell after Taiwan Semiconductor’s sales were said to have come in below some expectations, a reminder that any miss or cautious commentary can quickly weigh on the more richly valued chip group. Impinj and IPG Photonics Shares Are Falling, What You Need To Know
• Negative Sentiment: Valuation debate articles highlight that TSMC’s rally (big gains over recent months) raises concerns about whether current multiples fully price in cyclical/energy risks — a potential headwind if growth expectations slip. Taiwan Semiconductor Manufacturing NYSE: TSM Valuation Debate Defines Market Narrative

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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