Taiwan Semiconductor Manufacturing Company Ltd. $TSM Position Lifted by Trinity Street Asset Management LLP

Key Points

• Trinity Street Asset Management increased its TSMC stake by 3.4% in the second quarter, holding 930,851 shares worth approximately $444.5 million. TSMC now represents 22.9% of the fund’s portfolio, while institutional investors collectively own 16.51% of the stock.
• Analysts remain broadly bullish on TSMC: the stock has a consensus “Buy” rating and an average price target of $524.25, with several firms recently raising their targets. The company also reported quarterly revenue of $39.89 billion and EPS of $4.28.
• TSMC’s AI-driven growth outlook remains strong, supported by a 44.7% year-over-year July revenue increase and higher planned capital spending of $60 billion-$64 billion. However, geopolitical restrictions, elevated valuation and the risk that AI investments produce weaker-than-expected returns remain key concerns.

Trinity Street Asset Management LLP raised its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 930,851 shares of the semiconductor company's stock after buying an additional 30,840 shares during the period. Taiwan Semiconductor Manufacturing comprises about 22.9% of Trinity Street Asset Management LLP's portfolio, making the stock its largest holding. Trinity Street Asset Management LLP's holdings in Taiwan Semiconductor Manufacturing were worth $444,547,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. GoalFusion Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $656,000. Hyperion Asset Management Ltd acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $126,220,000. Leverty Financial Group LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $223,000. Cardinal Capital Management Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 2.7% in the 2nd quarter. Cardinal Capital Management Inc. now owns 107,564 shares of the semiconductor company's stock valued at $51,369,000 after purchasing an additional 2,823 shares in the last quarter. Finally, Canvas Wealth Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 5.2% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,255 shares of the semiconductor company's stock worth $2,032,000 after purchasing an additional 212 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of research reports. Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Bank of America raised their price target on shares of Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Sanford C. Bernstein boosted their price target on shares of Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the stock an "outperform" rating in a research report on Tuesday. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, July 17th. Finally, Zacks Research upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Buy" and a consensus target price of $524.25.

Insider Buying and Selling

In other news, VP Lipen Yuan purchased 1,000 shares of the company's stock in a transaction dated Monday, June 22nd. The stock was acquired at an average price of $79.19 per share, with a total value of $79,190.00. Following the purchase, the vice president directly owned 5,000 shares in the company, valued at approximately $395,950. This represents a 25.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Bor-Zen Tien purchased 1,000 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of $73.06 per share, with a total value of $73,060.00. Following the purchase, the vice president owned 14,051 shares in the company, valued at approximately $1,026,566.06. This trade represents a 7.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 18,312 shares of company stock worth $1,347,058. Insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 1.7%

Shares of NYSE:TSM opened at $429.03 on Thursday. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $426.03 and a two-hundred day moving average of $389.45. The stock has a market cap of $2.23 trillion, a P/E ratio of 30.95, a PEG ratio of 0.97 and a beta of 1.38. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $223.70 and a 52-week high of $479.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 39.37% and a net margin of 50.31%.The business had revenue of $39.89 billion during the quarter. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.44 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be given a dividend of $1.0854 per share. This represents a $4.34 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, December 10th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 21.43%.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Record July revenue reinforced the AI growth story. TSMC reported July sales of approximately NT$467.58 billion, up 44.7% year over year and 5.6% from June. Management expects 2026 revenue growth slightly above 40% in U.S. dollar terms, indicating continued strength in AI accelerators, high-performance computing and advanced-node production. Taiwan Semiconductor's July Revenue Rose 45%
• Positive Sentiment: TSMC and Sony launched a $4.69 billion Japanese joint venture. Sony will control Advanced Vision Semiconductor Manufacturing, while TSMC will invest approximately $1.8 billion. The venture will develop and manufacture next-generation smartphone image sensors, with volume production targeted for 2029. The project expands TSMC’s geographic footprint and diversifies its exposure beyond AI and computing. TSMC Stock Rises as Sony Venture Launches
• Positive Sentiment: Analysts remain constructive. Bernstein raised its TSMC price target to $554 from $430 and maintained an “outperform” rating, citing a potentially significant CPU opportunity as agentic AI expands. Other analysts have also raised targets, contributing to a broadly positive consensus view. Central Processing Units Could Be New Growth Driver for TSMC
• Neutral Sentiment: Capital spending is rising alongside demand. TSMC increased its 2026 capital-spending guidance to $60 billion-$64 billion to expand advanced capacity. The investment supports long-term growth but could pressure near-term free cash flow if AI demand or customer returns weaken.
• Neutral Sentiment: TSMC declared a quarterly dividend of $1.0854 per share, payable January 7, 2027, representing an annualized yield of approximately 1%. CEO Che-Chia Wei also made a modest open-market purchase, a potentially positive confidence signal but not a major financial catalyst.
• Negative Sentiment: Execution and geopolitical risks temper the outlook. Analysts have warned of uncertainty around whether heavy AI investments will generate sufficient returns in 2028-2029. Potential U.S. restrictions on advanced-chip shipments to China could further limit sales opportunities, while TSMC’s valuation leaves the stock vulnerable to any slowdown in AI spending.

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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