Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Carrhae Capital LLP

Key Points

• Carrhae Capital LLP reduced its TSMC holdings by 9.6% in the second quarter, selling 44,024 shares and retaining 414,556 shares valued at approximately $198 million. TSMC remains the fund’s second-largest position, representing about 5.3% of its portfolio.
• TSMC shares rose 2.4% to $439.09, while the company reported quarterly revenue of $39.89 billion, earnings per share of $4.28, and a 50.31% net margin. The stock trades near its 52-week high and at a price-to-earnings ratio of 31.68.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $523.22. TSMC also declared a quarterly dividend of $1.0854 per share, equivalent to a 1.0% annualized yield.

Carrhae Capital LLP cut its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 9.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 414,556 shares of the semiconductor company's stock after selling 44,024 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 5.3% of Carrhae Capital LLP's portfolio, making the stock its 2nd biggest position. Carrhae Capital LLP's holdings in Taiwan Semiconductor Manufacturing were worth $197,980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSM. Cedar Mountain Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 88.2% during the second quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 30 shares during the period. Markowski Investments acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $33,000. Quattro Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $27,000. Finally, Evolution Wealth Management Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 257.7% during the 1st quarter. Evolution Wealth Management Inc. now owns 93 shares of the semiconductor company's stock worth $31,000 after buying an additional 67 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 2.4%

TSM stock traded up $10.18 during 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. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 0.98 and a beta of 1.39. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $246.93 and a one year high of $479.00. The company's 50 day moving average is $420.11 and its two-hundred day moving average is $398.63.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results 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 39.25%. The firm had revenue of $39.89 billion for the quarter. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.52 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be issued a dividend of $1.0854 per share. This represents a $4.34 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, December 10th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 25.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TSM shares. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a "positive" rating in a research report on Thursday, July 16th. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a "hold" rating in a research note on Friday, July 17th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, July 6th. Finally, Bank of America lifted their price target on shares of Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $523.22.

Insiders Place Their Bets

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan bought 1,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $74.50 per share, for a total transaction of $74,500.00. Following the purchase, the vice president directly owned 6,000 shares of the company's stock, valued at approximately $447,000. This trade represents a 20.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shyue-Shyh Lin purchased 1,000 shares of the business's stock in a transaction that occurred on Tuesday, July 21st. The stock was bought at an average cost of $74.13 per share, for a total transaction of $74,130.00. Following the completion of the acquisition, the vice president directly owned 30,269 shares in the company, valued at $2,243,840.97. The trade was a 3.42% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 19,512 shares of company stock valued at $1,450,270. 1.11% of the stock is owned by 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.

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 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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