Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Acquired by Carmignac Gestion

Key Points

• Carmignac Gestion increased its TSMC position by 1,427.4% in the second quarter, adding 19,584 shares for a total holding of 20,956 shares valued at approximately $10 million.
• Other major institutional investors also expanded their positions, while company insiders purchased 19,512 shares worth about $1.45 million during the latest quarter.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $523.22 price target, though TSMC’s premium valuation and the potential margin impact of its U.S. expansion pose risks.

Carmignac Gestion grew its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1,427.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,956 shares of the semiconductor company's stock after acquiring an additional 19,584 shares during the period. Carmignac Gestion's holdings in Taiwan Semiconductor Manufacturing were worth $10,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fisher Asset Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 18,146,900 shares of the semiconductor company's stock valued at $5,514,662,000 after purchasing an additional 313,773 shares during the period. Van ECK Associates Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 11.1% during the 4th quarter. Van ECK Associates Corp now owns 17,464,962 shares of the semiconductor company's stock valued at $5,307,428,000 after buying an additional 1,750,824 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.5% during the 4th quarter. Bank of America Corp DE now owns 15,902,819 shares of the semiconductor company's stock valued at $4,832,708,000 after buying an additional 966,926 shares during the last quarter. Coatue Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.9% in the 4th quarter. Coatue Management LLC now owns 8,629,524 shares of the semiconductor company's stock valued at $2,622,426,000 after buying an additional 556,988 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.7% in the 4th quarter. Janus Henderson Group PLC now owns 8,291,884 shares of the semiconductor company's stock valued at $2,497,638,000 after buying an additional 594,780 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

Insider Buying and Selling

In related news, SVP Shu-Hua Fang bought 2,000 shares of the company's stock in a transaction on Thursday, July 2nd. The stock was bought at an average cost of $77.09 per share, for a total transaction of $154,180.00. Following the acquisition, the senior vice president directly owned 8,206 shares in the company, valued at $632,600.54. This represents a 32.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lipen Yuan acquired 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average price of $74.50 per share, for a total transaction of $74,500.00. Following the completion of the acquisition, the vice president directly owned 6,000 shares of the company's stock, valued at $447,000. The trade was a 20.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 19,512 shares of company stock valued at $1,450,270. 1.11% of the stock is currently owned by company insiders.

More Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: AI growth and market leadership support the outlook. Taiwan Semiconductor remains a leading AI investment, retaining approximately 73% of the global foundry market. Demand for advanced nodes, including N2 and N3, as well as advanced packaging, is supporting expectations for strong revenue growth. Management has reportedly raised its 2026 revenue-growth outlook to slightly above 40%. Taiwan Semiconductor Retains 73% Foundry Share
• Positive Sentiment: TSMC is advancing adoption of ASML’s High-NA EUV technology. Taiwan Semiconductor plans to begin using ASML’s next-generation lithography systems around 2030 for advanced-chip production. The companies are also pursuing a 12-inch photomask pilot line by 2031, which could improve scanner productivity, reduce manufacturing complexity, and support future leading-edge nodes as AI chip demand grows. TSMC and Samsung Commit to ASML’s Newest Chipmaking Tools
• Positive Sentiment: Technical momentum is attracting additional investor attention. TSMC was identified as an IBD Stock of the Day after moving above an early-entry buy point during a broader semiconductor rally. Coverage also points to the company potentially reaching a $3 trillion market value before 2029 if its earnings and revenue expansion continue. TSMC, IBD Stock of the Day
• Neutral Sentiment: TSMC’s U.S. expansion has strategic benefits but raises execution concerns. The company’s roughly $265 billion U.S. investment is strengthening its political and customer relationships while diversifying production. However, overseas factories could pressure the margins that have historically made TSMC highly profitable. TSMC’s $265 Billion U.S. Bet
• Negative Sentiment: TSM’s valuation already reflects substantial optimism, with the shares near their 52-week high and trading at a premium earnings multiple. Any slowdown in AI spending, delays in advanced-node production, or weaker-than-expected returns from U.S. capacity expansion could limit further upside.

Analysts Set New Price Targets

TSM has been the topic of several analyst reports. Sanford C. Bernstein raised their target price on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, July 6th. Zacks Research raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Weiss Ratings raised shares of Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 26th. Finally, Stifel Nicolaus assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, September 1st. They set a "buy" rating and a $515.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $523.22.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded up $10.18 during midday trading on Tuesday, reaching $439.09. The stock had a trading volume of 13,076,862 shares, compared to its average volume of 13,496,468. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $246.93 and a 52-week high of $479.00. 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 company's fifty day simple moving average is $419.33 and its 200 day simple moving average is $399.17. The company has a market cap of $2.28 trillion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 EPS for the quarter. The business had revenue of $39.89 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.52 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders 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 1.0%. The ex-dividend date of this dividend is Thursday, December 10th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 25.25%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's leading dedicated semiconductor foundry. Founded in 1987 and headquartered in Hsinchu, Taiwan, the company pioneered the pure-play foundry business model, producing chips designed by other companies rather than developing and selling branded semiconductor products of its own.

TSMC manufactures semiconductor wafers using advanced and specialty process technologies.

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