Trinity Street Asset Management LLP Cuts Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Trinity Street Asset Management LLP lowered its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 991,764 shares of the semiconductor company’s stock after selling 62,241 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 18.9% of Trinity Street Asset Management LLP’s portfolio, making the stock its largest position. Trinity Street Asset Management LLP’s holdings in Taiwan Semiconductor Manufacturing were worth $276,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC increased its holdings in Taiwan Semiconductor Manufacturing by 20.9% during the 4th 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 in the last quarter. Balefire LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth $457,000. Gateway Investment Advisers LLC raised its position in Taiwan Semiconductor Manufacturing by 13.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 1,885 shares of the semiconductor company’s stock valued at $427,000 after buying an additional 222 shares during the last quarter. Mirador Capital Partners LP lifted its stake in Taiwan Semiconductor Manufacturing by 2.6% during the 2nd quarter. Mirador Capital Partners LP now owns 1,785 shares of the semiconductor company’s stock valued at $404,000 after acquiring an additional 45 shares in the last quarter. Finally, Gilman Hill Asset Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 18.0% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 1,905 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 291 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing News Roundup

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

• Positive Sentiment: Blowout Q4 results: TSMC reported record Q4 profit (≈+35% YoY) and revenue that beat estimates, with strong margins and management raising 2026 revenue and AI-related growth forecasts — a clear catalyst for the stock and the broader chip rally. TSMC Q4 profit jumps 35% (Reuters)
• Positive Sentiment: Aggressive capex and long-term guidance: TSMC boosted 2026 CapEx (midpoint ~$54B; previous guidance increased) and raised multi-year revenue/CAGR targets, signaling management’s conviction in sustained AI demand. TSMC crushes estimates with 35% profit jump (Blockonomi)
• Positive Sentiment: US-Taiwan trade deal supports US investment: A new agreement channels large Taiwanese corporate investment into U.S. semiconductor and AI production and offers tariff relief — improves TSMC’s path for U.S. capacity expansion (Arizona and beyond). Taiwan contract chipmaker TSMC’s US investments (Reuters)
• Positive Sentiment: Beat sparks sector rally and futures lift: TSMC’s results reignited AI trade, lifting chip peers, Nasdaq futures and driving heavy call-option interest — momentum supports continued upside in TSM and suppliers. Nasdaq Futures Climb on AI Optimism (Barchart)
• Positive Sentiment: Analysts and flows: Several firms raised targets (Needham lifted its PT to $410) and unusual call buying was reported — bullish signals from both sell-side and derivatives flows. Needham raises price target (The Fly)
• Neutral Sentiment: U.S. expansion vs. Taiwan R&D: TSMC says it will ramp U.S. fabs but keep leading-edge R&D/production in Taiwan — good for long-term moat but means more near-term capex and international complexity. TSMC Arizona expansion (CNBC)
• Negative Sentiment: Margin and valuation caveats: Some analysts flag emerging margin pressure from higher depreciation and overseas footprint, and say valuation is rich — these points underpin more cautious ratings. Hold rating cites margin/valuation risks (TipRanks)
• Negative Sentiment: Capacity constraints & policy risk: Reports note TSMC is nearing capacity limits (tight supply for customers) and U.S. tariff/industrial-policy moves (including a proposed 25% tariff for some AI chips) create execution and margin uncertainty despite the trade deal. TSMC capacity constraints (Benzinga) Tariff exposure (247WallSt)

Analyst Ratings Changes

TSM has been the subject of several analyst reports. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, January 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, January 2nd. Itau BBA Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They set an “outperform” rating on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, January 5th. Finally, Needham & Company LLC increased their price target on Taiwan Semiconductor Manufacturing from $360.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $365.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $342.00 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. The firm has a market cap of $1.77 trillion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 0.77 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $351.33. The firm’s 50-day simple moving average is $298.57 and its two-hundred day simple moving average is $272.77.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Friday, November 14th. The semiconductor company reported $14.32 earnings per share (EPS) for the quarter. The company had revenue of $32.50 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be paid a $0.9678 dividend. The ex-dividend date is Tuesday, March 17th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 annualized dividend and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 25.74%.

About Taiwan Semiconductor Manufacturing

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.