Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Sold by Vantage Investment Partners LLC

Key Points

• Vantage Investment Partners cut its TSMC stake by 3.3% in the third quarter, selling 3,904 shares and retaining 113,673 shares valued at approximately $51.9 million.
• TSMC reported strong quarterly results, with revenue rising 41.2% year over year to $46.72 billion and EPS of $4.60 exceeding estimates. Continued AI demand and potential price increases for advanced packaging support the company’s growth outlook.
• Analysts maintain a broadly positive view, with TSMC receiving a consensus “Buy” rating and an average price target of $528.78, although margin pressure from 2-nanometer production and substantial capital spending remain risks.

Vantage Investment Partners LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,673 shares of the semiconductor company's stock after selling 3,904 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 3.1% of Vantage Investment Partners LLC's investment portfolio, making the stock its 8th biggest holding. Vantage Investment Partners LLC's holdings in Taiwan Semiconductor Manufacturing were worth $51,856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in TSM. Tiger Global Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 49.4% during the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company's stock valued at $1,880,717,000 after purchasing an additional 1,839,600 shares during the period. Fundsmith LLP acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth $548,465,000. Assenagon Asset Management S.A. acquired a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth $490,461,000. Perseverance Asset Management International lifted its stake in Taiwan Semiconductor Manufacturing by 1,453.9% in the first quarter. Perseverance Asset Management International now owns 446,505 shares of the semiconductor company's stock valued at $150,896,000 after buying an additional 417,771 shares during the last quarter. Finally, DJE Kapital AG bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at $118,389,000. 16.51% of the stock is owned by institutional investors.

Trending Headlines about Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Advanced-packaging pricing power: Reports indicate TSMC could raise prices for its CoWoS AI-chip packaging by as much as 20%, with customers including NVIDIA and AMD. Separate estimates call for 10%–20% increases in advanced packaging and 3%–6% increases for some 2-nanometer and 3-nanometer wafers. The potential increases suggest demand remains above capacity and could support revenue, margins and recovery of expansion costs. TSMC Gains 3% on Reported 20% Price Hike for AI Chip Packaging
• Positive Sentiment: Strong earnings and AI outlook: Third-quarter revenue rose 41.2% year over year to approximately $46.72 billion, while earnings per share of $4.60 exceeded the $4.45 consensus estimate. Management highlighted surging AI demand, continued advanced-node expansion and a positive 2026 outlook, reinforcing TSMC’s position as a key manufacturing beneficiary of the AI buildout. TSM vs. MU: Which Semiconductor Stock Is the Better Buy Post-Earnings?
• Positive Sentiment: Capacity expansion supports long-term growth: TSMC plans to increase advanced-packaging capacity while maintaining capital-expenditure guidance of roughly $60 billion–$64 billion. Its scale, manufacturing lead and more than 50% net margin make the company an attractive alternative for investors seeking AI exposure beyond chip designers such as NVIDIA. Beyond NVIDIA: Why TSMC Stock Looks Attractive After Q3 Earnings
• Neutral Sentiment: Risks remain: The ramp-up of 2-nanometer production and large capital investments have pressured sequential gross margins, while higher chip-manufacturing costs could eventually weigh on customers and end-market demand. Recent semiconductor volatility also shows that strong operating results have not eliminated concerns about elevated AI valuations and cyclical risk.

Taiwan Semiconductor Manufacturing Stock Up 0.6%

TSM opened at $439.35 on Thursday. The stock's 50 day moving average price is $434.85 and its 200 day moving average price is $398.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. The stock has a market cap of $2.28 trillion, a P/E ratio of 28.27, a P/E/G ratio of 0.85 and a beta of 1.37. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $266.82 and a 12 month high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.15. The company had revenue of $46.72 billion during the quarter, compared to analysts' expectations of $45.67 billion. Taiwan Semiconductor Manufacturing had a return on equity of 42.84% and a net margin of 51.51%. The company's revenue for the quarter was up 41.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.92 earnings per share. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 17.07 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business 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. The ex-dividend date of this dividend is Thursday, December 10th. 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%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 22.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b)" rating in a report on Wednesday, October 21st. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. 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 boosted their target price 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. Finally, Wall Street Zen cut shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of "Buy" and an average price target of $528.78.

Insider Transactions at Taiwan Semiconductor Manufacturing

In related news, VP Bor-Zen Tien bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average price of $73.06 per share, for a total transaction of $73,060.00. Following the transaction, the vice president directly owned 14,051 shares of the company's stock, valued at approximately $1,026,566.06. This represents a 7.66% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lipen Yuan bought 1,000 shares of the stock in a transaction on 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 owned 6,000 shares in the company, valued at $447,000. This trade represents a 20.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 7,043 shares of company stock valued at $530,986 in the last quarter. 1.11% of the stock is currently owned by insiders.

Taiwan Semiconductor Manufacturing 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.

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