Zevenbergen Capital Investments LLC Buys 16,833 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Key Points

• Zevenbergen Capital Investments increased its TSMC stake by 15.5%, purchasing 16,833 shares to hold 125,498 shares valued at approximately $57.3 million. Other institutional investors also raised their positions, with institutions collectively owning 16.51% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $524.89. TSMC’s reported quarterly results included $4.28 in EPS, $39.89 billion in revenue, and a 50.31% net margin.
• TSM shares recently traded down 3.0% to $457.94, while the company cut its quarterly dividend to $1.0854 per share, implying a 0.9% yield. Strong AI-chip demand and planned capacity expansion remain growth drivers, but elevated valuation and market volatility pose risks.

Zevenbergen Capital Investments LLC lifted its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 15.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,498 shares of the semiconductor company's stock after purchasing an additional 16,833 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 1.3% of Zevenbergen Capital Investments LLC's holdings, making the stock its 24th largest holding. Zevenbergen Capital Investments LLC's holdings in Taiwan Semiconductor Manufacturing were worth $57,251,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in TSM. Artemis Investment Management LLP boosted its position in shares of Taiwan Semiconductor Manufacturing by 8.5% during the 3rd quarter. Artemis Investment Management LLP now owns 92,112 shares of the semiconductor company's stock valued at $42,021,000 after acquiring an additional 7,235 shares during the last quarter. Dickmeyer Boyce Financial Management Inc. raised its stake in Taiwan Semiconductor Manufacturing by 0.7% during the third quarter. Dickmeyer Boyce Financial Management Inc. now owns 3,459 shares of the semiconductor company's stock worth $1,578,000 after purchasing an additional 23 shares during the period. Aletheian Wealth Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 16.9% during the third quarter. Aletheian Wealth Advisors LLC now owns 2,225 shares of the semiconductor company's stock worth $1,015,000 after purchasing an additional 322 shares during the period. YHB Investment Advisors Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 1.4% in the 3rd quarter. YHB Investment Advisors Inc. now owns 48,431 shares of the semiconductor company's stock valued at $22,094,000 after purchasing an additional 655 shares during the last quarter. Finally, Everhart Financial Group Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 2.8% in the 3rd quarter. Everhart Financial Group Inc. now owns 1,191 shares of the semiconductor company's stock valued at $543,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Needham & Company LLC upped their price objective on Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the company a "buy" rating in a report on Monday, July 27th. Zacks Research upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $650.00 to $665.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Sanford C. Bernstein lifted 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 research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $524.89.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other news, VP Lipen Yuan acquired 1,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average price of $74.50 per share, for a total transaction of $74,500.00. Following the acquisition, the vice president owned 6,000 shares of the company's stock, valued at $447,000. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bor-Zen Tien bought 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The shares were purchased at an average cost of $74.39 per share, for a total transaction of $223,170.00. Following the purchase, the vice president owned 4,000 shares in the company, valued at $297,560. This represents a 300.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 16,043 shares of company stock worth $1,185,746 over the last ninety days. Company insiders own 1.11% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 3.0%

TSM stock traded down $14.27 during mid-day trading on Thursday, hitting $457.94. 13,394,533 shares of the company were exchanged, compared to its average volume of 13,087,001. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $266.82 and a 12-month high of $487.47. The firm has a market capitalization of $2.38 trillion, a P/E ratio of 33.04, a PEG ratio of 1.07 and a beta of 1.37. The business has a fifty day simple moving average of $432.16 and a 200-day simple moving average of $413.53. The company has a quick ratio of 2.25, a current ratio of 2.46 and a debt-to-equity ratio of 0.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. The business had revenue of $39.89 billion for the quarter. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.56 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Thursday, December 10th will be paid a dividend of $1.0854 per share. This represents a $4.34 dividend on an annualized basis and a yield of 0.9%. This is a negative change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $1.1136. The ex-dividend date is Thursday, December 10th. Taiwan Semiconductor Manufacturing's payout ratio is currently 24.96%.

Key Stories Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: Record quarterly revenue beat expectations. TSMC reported third-quarter revenue of NT$1.494 trillion, up 50.9% year over year and ahead of both consensus and Wedbush estimates by roughly 3%. September sales rose 54.6% year over year to NT$511.86 billion, reinforcing that demand for AI accelerators and advanced chips remains robust. TSMC's third-quarter revenue surges to record, beating market forecast
• Positive Sentiment: AI demand and capacity expansion remain key growth drivers. Reports say TSMC is considering capital spending of up to $64 billion, while its broader U.S. expansion—including the Arizona buildout—supports long-term supply for high-performance computing and AI customers. Industry commentary suggests demand may still exceed available capacity. TSMC Plans Up to $64 Billion in Capex
• Positive Sentiment: TSMC is partnering with GlobalFoundries on U.S. advanced packaging. The multiyear, $2 billion agreement will establish a U.S. supply of silicon interposers for TSMC’s CoWoS packaging ecosystem, helping expand capacity for AI and high-performance computing while strengthening supply-chain resilience. Production is expected to ramp in 2028. GlobalFoundries Lands $2 Billion TSMC Deal
• Neutral Sentiment: Insider buying provides a modest confidence signal. CEO C.C. Wei, the CFO, and multiple senior executives reported small open-market purchases. The transactions are collectively limited in size relative to TSMC’s market capitalization, so they are unlikely to materially affect the stock.
• Negative Sentiment: Strong results were not enough to overcome market and valuation concerns. TSM shares have decreased as investors took profits near record highs and broader technology stocks weakened. Higher oil prices and Treasury yields have pressured growth-stock valuations, while TSMC’s premium earnings multiple increases sensitivity to any slowdown in AI spending.
• Negative Sentiment: The Terafab opportunity appears limited. Elon Musk said Tesla and SpaceX intend to build and operate their planned Texas AI-chip facility themselves; TSMC could potentially sublease space but is not expected to run the project. This reduces expectations for a major near-term TSMC role. Elon Musk Rules Out Potential TSMC Role in Terafab Operations

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's largest dedicated semiconductor foundry. Founded in 1987 by Morris Chang, the company pioneered the pure-play foundry model, producing chips designed by other companies rather than selling products under its own semiconductor brand.

TSMC manufactures a broad range of integrated circuits, including advanced logic chips used in high-performance computing, smartphones, automotive systems, communications equipment, and consumer electronics.

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