Teacher Retirement System of Texas Makes New $28.34 Million Investment in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Teacher Retirement System of Texas opened a new position in TSMC in Q4, buying 93,243 shares valued at about $28.34 million.
• TSMC unveiled A13 and N2U process advances that promise smaller, faster chips without immediate reliance on ASML high‑NA tools and plans an advanced packaging plant in Arizona by 2029 to ease AI chip packaging bottlenecks and localize supply chains.
• Analysts are broadly bullish on TSMC—consensus rating is "Buy" with an average target of about $404.29 (Barclays raised its target to $470)—backed by strong recent financial metrics, including a market cap near $1.98 trillion and net margins around 47%.

Teacher Retirement System of Texas acquired a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 93,243 shares of the semiconductor company's stock, valued at approximately $28,336,000.

Several other large investors also recently made changes to their positions in TSM. Brighton Jones LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after purchasing an additional 1,892 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $701,000. Bank of Nova Scotia grew its holdings in shares of Taiwan Semiconductor Manufacturing by 12.8% during the second quarter. Bank of Nova Scotia now owns 15,697 shares of the semiconductor company's stock worth $3,556,000 after purchasing an additional 1,784 shares during the last quarter. FWL Investment Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 26.5% during the second quarter. FWL Investment Management LLC now owns 253 shares of the semiconductor company's stock worth $57,000 after purchasing an additional 53 shares during the last quarter. Finally, Main Street Financial Solutions LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $270,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing News Summary

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

• Positive Sentiment: TSMC unveiled its A13 and N2U process advances, saying it can deliver smaller, faster chips (A13 geared for AI/HPC; N2U a more cost‑effective option) while avoiding immediate reliance on ASML’s costlier high‑NA machines — a potential margin and roadmap positive. TSMC shows smaller, faster chips without pricey new tool from ASML
• Positive Sentiment: TSMC plans to open an advanced packaging plant in Arizona by 2029, addressing a known packaging bottleneck for AI chips and supporting customer localization — a strategic expansion that reduces supply‑chain risk. TSMC plans to open chip packaging plant in Arizona by 2029, executive says
• Positive Sentiment: Synopsys announced deeper collaboration and EDA/IP enablement across TSMC’s advanced nodes (3nm/2nm and packaging), which should speed customer tape‑outs and strengthen TSMC’s ecosystem moat. Synopsys Partners with TSMC to Power Next-Generation AI Systems
• Positive Sentiment: Analyst and market positive signals: Barclays raised its TSMC price target to $470 (overweight), and coverage pieces highlight record margins and strong Q1 results driven by AI demand — supportive for medium‑term upside. Barclays raises price target
• Neutral Sentiment: Market commentators (including Jim Cramer) signaled they aren’t worried about near‑term weakness in TSMC’s share price, which can temper panic selling. Jim Cramer Isn’t Worried
• Neutral Sentiment: TSMC says it has little immediate need for ASML’s priciest high‑NA tools and has only used a small number for R&D — this reduces near‑term capex risk but raises questions about the pace of next‑generation cadence. TSMC says ASML’s chipmaking too pricey
• Negative Sentiment: The semiconductor group is extremely overbought — the PHLX SOX index is on a historic winning streak and described as the most overextended since 2000, making profit‑taking and short‑term pullbacks likelier across large caps including TSMC. Chip stocks just added $3 trillion in market value
• Negative Sentiment: Competitive/strategic headlines (e.g., commentary about Elon Musk’s chip plans for Tesla/SpaceX) raise the prospect of new entrants or alternative supply strategies that could change chip demand dynamics over time. Will Elon Musk's New SpaceX and Tesla Joint Venture Disrupt This AI Semiconductor Giant?

Analysts Set New Price Targets

TSM has been the topic of several research analyst reports. The Goldman Sachs Group restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, January 5th. Wedbush restated an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, February 11th. Weiss Ratings upgraded Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 20th. Dbs Bank raised Taiwan Semiconductor Manufacturing to a "moderate buy" rating in a research note on Friday, January 23rd. Finally, Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Sunday, March 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $404.29.

Taiwan Semiconductor Manufacturing Trading Down 1.3%

Shares of TSM opened at $382.51 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.51 and a debt-to-equity ratio of 0.17. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $157.39 and a 12-month high of $390.20. The firm has a market capitalization of $1.98 trillion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 1.15 and a beta of 1.35. The stock's fifty day simple moving average is $355.66 and its 200-day simple moving average is $324.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $3.11 EPS for the quarter. The business had revenue of $30.65 billion during the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 38.17% and a net margin of 46.97%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 15.03 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, July 9th. Investors of record on Thursday, June 11th will be issued a $0.9503 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, June 11th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 24.71%.

Insider Buying and Selling

In related news, VP Bor-Zen Tien acquired 1,000 shares of the company's stock in a transaction that occurred on Sunday, March 22nd. The stock was acquired at an average price of $55.93 per share, for a total transaction of $55,930.00. Following the completion of the acquisition, the vice president owned 9,051 shares of the company's stock, valued at $506,222.43. This trade represents a 12.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing 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.

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