Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Sold by RWC Asset Management LLP

Key Points

• RWC Asset Management cut its TSMC stake by 41.8% in the third quarter, selling 16,872 shares and retaining 23,509 shares valued at approximately $10.7 million. Other institutional investors mostly increased their holdings, with institutions collectively owning 16.51% of the company.
• Wall Street remains bullish: TSMC has a consensus “Buy” rating from analysts, with an average price target of $528.78. Recent targets range as high as $670, supported by expectations for continued growth in AI-related semiconductor demand.
• TSM shares traded at $417.74, while the company reported $4.62 in quarterly EPS, a 51.51% net margin and $46.87 billion in revenue. TSMC declared a quarterly dividend of $1.0854, reduced from $1.1136 previously, for an annualized yield of about 1.0%.

RWC Asset Management LLP trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 41.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,509 shares of the semiconductor company's stock after selling 16,872 shares during the quarter. RWC Asset Management LLP's holdings in Taiwan Semiconductor Manufacturing were worth $10,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TSM. James J. Burns & Company LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 13.3% in the third quarter. James J. Burns & Company LLC now owns 666 shares of the semiconductor company's stock worth $304,000 after acquiring an additional 78 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 2.6% in the third quarter. Farmers & Merchants Investments Inc. now owns 97,970 shares of the semiconductor company's stock valued at $44,693,000 after acquiring an additional 2,518 shares during the last quarter. Lighthouse Financial LLC increased its position in Taiwan Semiconductor Manufacturing by 18.9% during the 3rd quarter. Lighthouse Financial LLC now owns 12,570 shares of the semiconductor company's stock worth $5,734,000 after purchasing an additional 1,999 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.5% during the 3rd quarter. Wedbush Securities Inc. now owns 26,851 shares of the semiconductor company's stock valued at $12,249,000 after acquiring an additional 667 shares in the last quarter. Finally, Vision Financial Markets LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 50.0% in the third quarter. Vision Financial Markets LLC now owns 300 shares of the semiconductor company's stock valued at $137,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price target on shares of Taiwan Semiconductor Manufacturing from $530.00 to $560.00 and gave the stock a "buy" rating in a research report on Thursday, October 15th. DA Davidson reiterated a "buy" rating and issued a $500.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 16th. Sanford C. Bernstein lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Finally, Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the company an "overweight" rating in a research note on Friday, October 16th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $528.78.

Insider Buying and Selling

In related news, VP Lipen Yuan purchased 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average cost of $74.50 per share, for a total transaction of $74,500.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Bor-Zen Tien acquired 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average price of $73.06 per share, with a total value of $73,060.00. Following the acquisition, the vice president owned 14,051 shares of the company's stock, valued at approximately $1,026,566.06. This trade represents a 7.66% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 8,043 shares of company stock worth $598,956. Insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing News Summary

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

• Positive Sentiment: Moody’s upgraded TSMC’s issuer rating to Aa2 from Aa3, citing its dominant foundry position, robust balance sheet and sustained AI-related demand. The stable outlook and upgraded ratings for financing subsidiaries could lower perceived credit risk. Moody’s upgrades TSMC rating
• Positive Sentiment: TSMC reported its sixth consecutive quarter of record profit, while management raised its full-year growth outlook for the third time. Analysts at Erste Group also increased their FY2026 EPS estimate to $17.21 from $16.92 and FY2027 forecast to $22.82 from $22.26, above the current consensus for the current year. TSMC record profit and market concerns
• Positive Sentiment: Investors continue to view TSMC as a critical supplier for AI accelerators, smartphones and data centers. Its advanced-node manufacturing, packaging capabilities and broad customer base reinforce the company’s competitive position as AI infrastructure spending expands. TSMC as a global computing utility
• Positive Sentiment: TSMC confirmed discussions with SpaceX regarding its proposed Terafab facility. Any agreement could provide additional long-term capacity demand, although the company reportedly wants operational control of the fab. TSMC and SpaceX Terafab discussions
• Neutral Sentiment: TSMC’s results demonstrate powerful demand, but comparisons with ASML highlight a key constraint: AI orders exceed currently available semiconductor manufacturing equipment, fab capacity and advanced packaging. The pace and cost of expanding supply remain important investment questions. ASML versus TSMC and AI demand
• Negative Sentiment: Despite record earnings, a slight decline in gross margin unsettled some investors. The reaction reflects concerns that higher overseas expansion costs, capacity investments or product mix could pressure profitability even while revenue and AI demand remain strong. TSMC margin concerns

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded up $5.38 during mid-day trading on Friday, hitting $417.74. The company's stock had a trading volume of 9,473,088 shares, compared to its average volume of 11,288,281. The company has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 0.84 and a beta of 1.37. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $266.82 and a fifty-two week high of $487.47. The stock has a fifty day moving average of $434.30 and a 200-day moving average of $420.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Tuesday, September 8th. The semiconductor company reported $4.62 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The company had revenue of $46.87 billion during the quarter. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be issued a $1.0854 dividend. This is a decrease from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. 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 currently 22.07%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a dedicated semiconductor foundry headquartered in Hsinchu, Taiwan. The company manufactures integrated circuits for customers that design their own chips, allowing semiconductor, electronics, and technology companies to outsource production rather than operate their own fabrication facilities.

TSMC provides wafer fabrication services across a broad range of process technologies, including advanced nodes used in high-performance computing, smartphones, automotive systems, and artificial intelligence applications.

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report).

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.