Waverly Advisors LLC Boosts Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Waverly Advisors increased its TSMC stake by 33.2% in the second quarter, adding 60,050 shares for a total holding of 240,719 shares valued at approximately $115 million.
• TSMC’s outlook remains supported by AI-chip demand and advanced manufacturing. The company retains about 73% of the global foundry market, expects strong growth in advanced nodes and packaging, and plans to adopt ASML’s High-NA EUV technology around 2030.
• Shares show strong momentum but carry elevated expectations. TSM traded near $439 with a $2.28 trillion market capitalization, while analysts maintained a consensus “Buy” rating; risks include premium valuation, U.S. expansion costs, and any slowdown in AI spending.

Waverly Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 33.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 240,719 shares of the semiconductor company's stock after purchasing an additional 60,050 shares during the period. Waverly Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $114,960,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TSM. Fisher Asset Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 18,146,900 shares of the semiconductor company's stock worth $5,514,662,000 after acquiring an additional 313,773 shares during the last quarter. Van ECK Associates Corp grew its position in Taiwan Semiconductor Manufacturing by 11.1% in the 4th quarter. Van ECK Associates Corp now owns 17,464,962 shares of the semiconductor company's stock valued at $5,307,428,000 after acquiring an additional 1,750,824 shares during the last quarter. Bank of America Corp DE grew its position in Taiwan Semiconductor Manufacturing by 6.5% in the 4th quarter. Bank of America Corp DE now owns 15,902,819 shares of the semiconductor company's stock valued at $4,832,708,000 after acquiring an additional 966,926 shares during the last quarter. Coatue Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 6.9% in the fourth quarter. Coatue Management LLC now owns 8,629,524 shares of the semiconductor company's stock worth $2,622,426,000 after purchasing an additional 556,988 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 7.7% during the fourth quarter. Janus Henderson Group PLC now owns 8,291,884 shares of the semiconductor company's stock worth $2,497,638,000 after purchasing an additional 594,780 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Trending Headlines about Taiwan Semiconductor Manufacturing

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.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded up $10.18 during midday trading on Tuesday, hitting $439.09. The company had a trading volume of 13,076,862 shares, compared to its average volume of 13,496,468. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $246.93 and a twelve month high of $479.00. 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 price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.39. The business's 50-day simple moving average is $419.33 and its 200-day simple moving average is $399.17.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 39.25% and a net margin of 50.31%.The firm had revenue of $39.89 billion during the quarter. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.52 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

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

Analyst Ratings Changes

TSM has been the topic of several research reports. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, July 17th. Zacks Research upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, July 6th. 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 price target on the stock. Finally, Sanford C. Bernstein upped their target price on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of "Buy" and an average price target of $523.22.

Insiders Place Their Bets

In other news, VP Lipen Yuan bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average cost of $74.50 per share, with a total value of $74,500.00. Following the transaction, the vice president directly owned 6,000 shares in the company, valued at $447,000. This trade represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Bor-Zen Tien acquired 3,000 shares of the company's stock in a transaction on Tuesday, July 21st. The stock was purchased at an average cost of $74.39 per share, for a total transaction of $223,170.00. Following the completion of the purchase, the vice president directly owned 4,000 shares in the company, valued at $297,560. This trade represents a 300.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 19,512 shares of company stock worth $1,450,270. Insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Profile

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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