Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Bought by Cardinal Capital Management Inc.

Key Points

• Cardinal Capital Management increased its TSMC holdings by 2.7% in the second quarter, adding 2,823 shares for a total of 107,564 shares valued at approximately $51.4 million. TSMC now represents 1.2% of Cardinal’s portfolio.
• Analysts remain broadly bullish: TSMC has a consensus “Buy” rating and a $524.25 target price, with several firms recently raising their targets to between $500 and $600.
• Strong AI demand continues to drive growth. July revenue rose 44.7% year over year, while potential CPU and custom AI-chip orders, expanded capacity investments, and a planned $4.69 billion Sony image-sensor venture provide additional growth opportunities; risks include elevated valuation, geopolitical tensions, and uncertainty over long-term returns on AI spending.

Cardinal Capital Management Inc. boosted its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,564 shares of the semiconductor company's stock after acquiring an additional 2,823 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 1.2% of Cardinal Capital Management Inc.'s portfolio, making the stock its 24th largest position. Cardinal Capital Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $51,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC increased its stake in shares of 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 acquiring an additional 313,773 shares during the period. Van ECK Associates Corp lifted its position in Taiwan Semiconductor Manufacturing by 11.1% in the fourth quarter. Van ECK Associates Corp now owns 17,464,962 shares of the semiconductor company's stock worth $5,307,428,000 after purchasing an additional 1,750,824 shares during the period. Bank of America Corp DE boosted its stake in 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 purchasing an additional 966,926 shares in the last quarter. Jennison Associates LLC boosted its stake in Taiwan Semiconductor Manufacturing by 6.4% during the 4th quarter. Jennison Associates LLC now owns 13,394,299 shares of the semiconductor company's stock valued at $4,070,393,000 after purchasing an additional 802,757 shares in the last quarter. Finally, Coatue Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 6.9% during 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 purchasing an additional 556,988 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TSM shares. Needham & Company LLC upped their price objective on Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the company a "buy" rating in a report on Monday, July 27th. DA Davidson lifted their target price on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, July 17th. Bank of America boosted 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 report on Wednesday, June 24th. Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a "positive" rating in a report on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $524.25.

More Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: July revenue climbed 44.7% year over year. TSMC reported approximately NT$467.58 billion ($14.5 billion) in July sales, up 5.6% from June. The result reinforces strong demand for AI accelerators and advanced-node manufacturing and supports management’s bullish 2026 outlook. TSMC sales surge amid buoyant AI demand
• Positive Sentiment: Analysts see additional growth from CPUs and custom AI chips. Bernstein identified agentic AI as a potential catalyst for faster CPU-market growth, while Microsoft’s planned Maia 300 expansion could generate significant additional TSMC orders. Reports suggest Microsoft is seeking capacity for hundreds of thousands of chips, with a longer-term ambition exceeding one million units. CPUs could be a new growth driver for TSMC
• Positive Sentiment: Bernstein raised its TSMC price target to $554 and maintained an Outperform rating. The revision reflects expectations for strong AI-related growth and a potentially larger CPU opportunity. Erste Group also modestly increased its FY2027 EPS estimate to $21.57 from $21.25. Bernstein spots massive CPU opportunity
• Positive Sentiment: TSMC and Sony agreed to form a $4.69 billion Japanese image-sensor joint venture. Sony will control the venture and invest about $2.92 billion, while TSMC will contribute approximately $1.77 billion. Production in Kumamoto is expected to begin in 2029, expanding TSMC’s exposure to smartphones, automobiles, robotics and physical AI. TSMC to invest in Sony image-sensor joint venture
• Neutral Sentiment: TSMC’s board approved approximately $29.4 billion in capital expenditure and a second-quarter dividend, underscoring confidence in demand but also highlighting the scale of investment required to expand advanced-chip capacity.
• Negative Sentiment: Morningstar warned of revenue uncertainty in 2028–2029 as TSMC’s AI investments must demonstrate attractive returns. Geopolitical tensions and possible tighter U.S. restrictions on advanced-chip shipments to China add further risk. TSMC faces revenue uncertainty in 2028 and 2029
• Negative Sentiment: Despite the strong sales report, investor enthusiasm has been restrained because exceptional AI growth appears largely priced in. TSMC’s elevated valuation leaves the stock vulnerable if AI spending slows or its heavy capacity expansion produces weaker-than-expected returns.

Taiwan Semiconductor Manufacturing Trading Up 0.9%

Shares of TSM opened at $422.38 on Wednesday. The business's 50-day moving average price is $426.20 and its 200 day moving average price is $388.73. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 30.48, a P/E/G ratio of 0.96 and a beta of 1.38. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $223.70 and a 1-year high of $479.00.

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

Insider Activity

In other news, VP Lipen Yuan acquired 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of $79.19 per share, with a total value of $79,190.00. Following the purchase, the vice president owned 5,000 shares of the company's stock, valued at approximately $395,950. This trade represents a 25.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Bor-Zen Tien acquired 1,000 shares of the firm's stock in a transaction that occurred on 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 directly owned 14,051 shares in the company, valued at approximately $1,026,566.06. This trade represents a 7.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 18,312 shares of company stock worth $1,347,058 over the last 90 days. 1.11% of the stock is owned by company insiders.

Taiwan Semiconductor Manufacturing Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source