Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Purchased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its TSMC stake by 6.4% in the third quarter, adding 15,552 shares to reach 257,581 shares valued at approximately $118.4 million. Hedge funds and other institutional investors own 16.51% of the company.
• TSMC’s outlook remains strong, driven by AI demand. Third-quarter net income rose 68.7% year over year, revenue increased about 51%, and management forecast fourth-quarter revenue above analyst expectations.
• Shares fell 2.2% to $413.15 despite bullish analyst sentiment. Analysts maintain a consensus “Buy” rating with an average price target of $528.78, while investors remain concerned about heavy capital spending, sector-wide risk aversion and a reduced quarterly dividend.

TD Waterhouse Canada Inc. increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 6.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 257,581 shares of the semiconductor company's stock after purchasing an additional 15,552 shares during the period. TD Waterhouse Canada Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $118,384,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Cooper Financial Group lifted its holdings in Taiwan Semiconductor Manufacturing by 0.3% in the 3rd quarter. Cooper Financial Group now owns 6,313 shares of the semiconductor company's stock worth $2,880,000 after buying an additional 22 shares during the period. Dickmeyer Boyce Financial Management Inc. lifted its position in Taiwan Semiconductor Manufacturing by 0.7% during the 3rd quarter. Dickmeyer Boyce Financial Management Inc. now owns 3,459 shares of the semiconductor company's stock valued at $1,578,000 after acquiring an additional 23 shares during the period. Plan A Wealth LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.9% in the 3rd quarter. Plan A Wealth LLC now owns 2,735 shares of the semiconductor company's stock worth $1,248,000 after purchasing an additional 24 shares in the last quarter. Twin City Private Wealth LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.3% during the first quarter. Twin City Private Wealth LLC now owns 7,315 shares of the semiconductor company's stock valued at $2,479,000 after acquiring an additional 25 shares in the last quarter. Finally, Graves Light Lenhart Wealth Inc. increased its stake in Taiwan Semiconductor Manufacturing by 3.4% during the 2nd quarter. Graves Light Lenhart Wealth Inc. now owns 752 shares of the semiconductor company's stock valued at $359,000 after purchasing an additional 25 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

More Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Record results and strong guidance support the long-term outlook. Third-quarter net income rose 68.7% year over year to NT$763.1 billion, while revenue increased about 51% and exceeded analyst estimates. TSMC also forecast fourth-quarter revenue of $52.3 billion to $54.3 billion, well above the consensus estimate. TSMC posts record profit for a sixth straight quarter
• Positive Sentiment: AI demand remains the key growth driver. Advanced technologies represented 79% of wafer revenue, and management reported no signs of a slowdown in demand for AI and high-performance-computing chips. Full-year 2026 revenue growth is expected to be approximately 44%, while annual 2-nanometer capacity is projected to more than double in 2027. Three key takeaways for long-term investors
• Positive Sentiment: Analysts remain bullish. DA Davidson reaffirmed its Buy rating with a $500 target, while Needham raised its target to $560. Articles also highlight TSMC’s manufacturing scale and competitive moat as potential benefits from continued AI infrastructure investment. TSMC long-term investment outlook
• Neutral Sentiment: Capacity expansion is both an opportunity and a concern. TSMC is considering additional U.S. expansion, including potential involvement in Elon Musk’s proposed Texas “Terafab,” while Taiwan is planning Texas industrial parks for Nvidia suppliers. These projects could improve customer access and supply-chain resilience but increase execution and investment requirements. TSMC talks with Elon Musk’s Terafab
• Negative Sentiment: Large capital expenditures are weighing on sentiment. TSMC’s roughly $64 billion spending plan has prompted questions about returns, potential overcapacity and whether AI demand can justify the industry’s investment pace. Investors also remain concerned about AI companies’ debt financing and profitability. Why TSMC’s spending plan concerns investors
• Negative Sentiment: Sector-wide risk aversion is overpowering the earnings beat. Chip stocks are selling off amid inflation, higher interest rates, concerns about AI financing and questions about whether the AI boom has already been priced into valuations. Commentary also notes that TSMC’s strong results may have raised expectations too high. Chip stocks tumble on AI investment worries

Taiwan Semiconductor Manufacturing Trading Down 2.2%

Shares of Taiwan Semiconductor Manufacturing stock traded down $9.10 on Friday, hitting $413.15. 16,622,028 shares of the company traded hands, compared to its average volume of 10,450,369. 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 has a market cap of $2.14 trillion, a PE ratio of 26.59, a PEG ratio of 0.87 and a beta of 1.37. The stock's 50 day moving average price is $434.71 and its 200-day moving average price is $417.11. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $266.82 and a 52 week high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Tuesday, September 8th. The semiconductor company reported $4.62 earnings per share (EPS) for the quarter. The company had revenue of $46.87 billion for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.65 EPS for the current 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 issued a dividend of $1.0854 per share. This represents a $4.34 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, December 10th. This is a negative change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 24.96%.

Analysts Set New Price Targets

TSM has been the subject of a number of research reports. Zacks Research upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. DA Davidson reaffirmed a "buy" rating and issued a $500.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a "buy" rating in a report on Thursday. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Stifel Nicolaus started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, September 1st. They issued a "buy" rating and a $515.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $528.78.

Insiders Place Their Bets

In other Taiwan Semiconductor Manufacturing news, VP Shyue-Shyh Lin bought 2,000 shares of the business's stock in a transaction on Sunday, July 19th. The shares were acquired at an average price of $71.71 per share, with a total value of $143,420.00. Following the transaction, the vice president owned 28,269 shares of the company's stock, valued at approximately $2,027,169.99. This trade represents a 7.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Bor-Zen Tien bought 3,000 shares of the business's stock in a transaction on Tuesday, July 21st. The shares were acquired at an average cost of $74.39 per share, for a total transaction of $223,170.00. Following the transaction, the vice president directly owned 4,000 shares in the company, valued at approximately $297,560. This trade represents a 300.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 16,043 shares of company stock worth $1,185,746 in the last three months. Corporate insiders own 1.11% of the company's stock.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's largest dedicated semiconductor foundry. Founded in 1987 by Morris Chang, the company pioneered the pure-play foundry model, producing chips designed by other companies rather than selling products under its own semiconductor brand.

TSMC manufactures a broad range of integrated circuits, including advanced logic chips used in high-performance computing, smartphones, automotive systems, communications equipment, and consumer electronics.

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