Empirical Finance LLC Sells 33,070 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Empirical Finance LLC trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 34.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,160 shares of the semiconductor company’s stock after selling 33,070 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 1.2% of Empirical Finance LLC’s portfolio, making the stock its 14th largest holding. Empirical Finance LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $29,686,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TSM. Twin City Private Wealth LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 0.3% during the 1st quarter. Twin City Private Wealth LLC now owns 7,315 shares of the semiconductor company’s stock worth $2,479,000 after buying an additional 25 shares during the period. Graves Light Lenhart Wealth Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 3.4% in the 2nd quarter. Graves Light Lenhart Wealth Inc. now owns 752 shares of the semiconductor company’s stock valued at $359,000 after buying an additional 25 shares in the last quarter. OFS Enterprise LLC grew its position in Taiwan Semiconductor Manufacturing by 4.0% in the second quarter. OFS Enterprise LLC now owns 653 shares of the semiconductor company’s stock valued at $312,000 after acquiring an additional 25 shares during the period. Wealthcare Capital Partners LLC raised its stake in Taiwan Semiconductor Manufacturing by 1.0% during the second quarter. Wealthcare Capital Partners LLC now owns 2,606 shares of the semiconductor company’s stock worth $1,244,000 after acquiring an additional 25 shares in the last quarter. Finally, Elser Financial Planning Inc raised its stake in Taiwan Semiconductor Manufacturing by 2.4% during the second quarter. Elser Financial Planning Inc now owns 1,081 shares of the semiconductor company’s stock worth $516,000 after acquiring an additional 25 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded up $10.18 during trading hours on Tuesday, hitting $439.09. 13,076,862 shares of the company’s stock were exchanged, compared to its average volume of 13,496,468. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $246.93 and a 52 week high of $479.00. 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 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’s 50-day moving average is $420.11 and its 200-day moving average is $398.63.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share (EPS) for the quarter. The business had revenue of $39.89 billion during the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 39.25% and a net margin of 50.31%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.52 EPS 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. Shareholders of record on Thursday, December 10th will be given a $1.0854 dividend. This represents a $4.34 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, December 10th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 25.25%.

Insider Activity at Taiwan Semiconductor Manufacturing

In related news, VP Bor-Zen Tien bought 3,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Tuesday, July 21st. The shares were bought at an average cost of $74.39 per share, for a total transaction of $223,170.00. Following the completion of the transaction, the vice president owned 4,000 shares of the company’s stock, valued at approximately $297,560. This trade represents a 300.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lipen Yuan purchased 1,000 shares of the firm’s stock in a transaction dated 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 completion of the purchase, the vice president directly owned 6,000 shares of the company’s stock, valued at $447,000. The trade was a 20.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 19,512 shares of company stock valued at $1,450,270. Insiders own 1.11% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the topic of several recent analyst reports. Stifel Nicolaus began coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They issued a “buy” rating and a $515.00 target price on the stock. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a “positive” rating in a report on Thursday, July 16th. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $625.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $523.22.

Key Headlines Impacting 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.

About Taiwan Semiconductor Manufacturing

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.