Montrusco Bolton Investments Inc. Sells 111,660 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Montrusco Bolton Investments Inc. trimmed its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 30.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 251,239 shares of the semiconductor company’s stock after selling 111,660 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 1.8% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 21st biggest holding. Montrusco Bolton Investments Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $114,613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tiger Global Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 49.4% in the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company’s stock worth $1,880,717,000 after buying an additional 1,839,600 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 168.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,093,115 shares of the semiconductor company’s stock worth $636,077,000 after acquiring an additional 1,313,917 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 330.0% during the 4th quarter. Corient Private Wealth LLC now owns 1,583,175 shares of the semiconductor company’s stock worth $481,111,000 after acquiring an additional 1,215,035 shares during the last quarter. Fundsmith LLP bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $548,465,000. Finally, Assenagon Asset Management S.A. purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter worth $490,461,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing News Roundup

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

• Positive Sentiment: Analysts and investors expect robust quarterly results, with estimates pointing to approximately $46.7 billion in revenue and $23.4 billion in profit. Recent revenue acceleration, pricing power and capacity expansion could support stronger-than-expected 2027 guidance. TSMC Q3 earnings expectations
• Positive Sentiment: AI infrastructure demand continues to surprise to the upside, while TSMC retains a dominant position in advanced chip manufacturing. Its customer relationships, roughly 73% foundry share and about 90% share in advanced chips strengthen the long-term growth case. TSMC strong buy analysis
• Positive Sentiment: Erste Group raised its TSMC EPS forecasts to $16.92 for fiscal 2026 and $22.26 for fiscal 2027, above the cited current-year consensus of $16.56. Analyst estimate revisions
• Neutral Sentiment: The October 15 earnings release is the immediate catalyst. Strong results and guidance could validate the AI investment thesis, while any sign of slowing demand, supply constraints or weaker margins could trigger volatility. TSMC earnings catalyst
• Negative Sentiment: TSMC’s shares have become more demanding after a major AI-driven run, raising questions about whether cash flow can justify the valuation. Analysts also warn that heavy capital expenditures could pressure free cash flow and leave little room for an earnings miss. TSMC valuation and cash-flow analysis
• Negative Sentiment: Profit-taking across semiconductor-equipment stocks after a strong year shows that the broader AI trade is vulnerable to consolidation, which could weigh on TSMC despite favorable fundamentals. Semiconductor sector profit-taking

Taiwan Semiconductor Manufacturing Trading Up 0.2%

Shares of TSM traded up $0.99 during mid-day trading on Tuesday, reaching $445.34. The company’s stock had a trading volume of 8,548,796 shares, compared to its average volume of 13,022,878. The stock has a market cap of $2.31 trillion, a PE ratio of 32.13, a P/E/G ratio of 1.00 and a beta of 1.37. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $266.82 and a 52 week high of $487.47. The company’s fifty day moving average price is $433.89 and its two-hundred day moving average price is $415.05.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced 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 net margin of 50.31% and a return on equity of 39.25%. The company had revenue of $39.89 billion during the quarter. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be given a $1.0854 dividend. This represents a $4.34 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, December 10th. This is a drop from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 24.96%.

Insiders Place Their Bets

In related news, VP Shyue-Shyh Lin acquired 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Tuesday, July 21st. The shares were purchased at an average cost of $74.13 per share, with a total value of $74,130.00. Following the completion of the purchase, the vice president owned 30,269 shares of the company’s stock, valued at $2,243,840.97. This represents a 3.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bor-Zen Tien acquired 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of $73.06 per share, for a total transaction of $73,060.00. Following the completion of the purchase, the vice president directly owned 14,051 shares of the company’s stock, valued at approximately $1,026,566.06. The trade was a 7.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 16,043 shares of company stock valued at $1,185,746 over the last three months. Insiders own 1.11% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of research analyst reports. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Sanford C. Bernstein lifted their price target on Taiwan Semiconductor Manufacturing from $430.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, October 7th. Finally, Bank of America increased their price objective on Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Three 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 stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and a consensus price target of $524.89.

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 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.