Salem Investment Counselors Inc. Sells 6,606 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Salem Investment Counselors Inc. lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 8.2% in the third quarter, Holdings Channel reports. The firm owned 73,674 shares of the semiconductor company’s stock after selling 6,606 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 0.8% of Salem Investment Counselors Inc.’s investment portfolio, making the stock its 26th largest position. Salem Investment Counselors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $33,623,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TSM. Evolution Wealth Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 257.7% in the 1st quarter. Evolution Wealth Management Inc. now owns 93 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 67 shares in the last quarter. Cedar Mountain Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 88.2% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company’s stock worth $31,000 after buying an additional 30 shares during the last quarter. Financial Freedom LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter worth about $32,000. Markowski Investments purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $33,000. Finally, Lam Group Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSM. Wall Street Zen cut Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $650.00 to $665.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Stifel Nicolaus initiated coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They issued a “buy” rating and a $515.00 price target on the stock. DA Davidson boosted their price target on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. 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 note on Wednesday, June 24th. 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. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Buy” and an average price target of $524.89.

Key Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Analysts expect another powerful quarter, with estimates cited at approximately $46.7 billion in revenue and $23.4 billion in profit. Recent monthly revenue data and accelerating growth have reinforced expectations that AI demand is translating into substantial sales and earnings gains. TSMC Eyes $23.4 Billion Q3 Profit on $46.7 Billion Revenue
• Positive Sentiment: TSMC’s dominant position in contract manufacturing—especially its reported 90% share of advanced-chip production—continues to support pricing power, strong customer relationships and long-term AI infrastructure growth. Reports also point to higher chip prices and expanding capacity as potential drivers of stronger 2027 results. TSMC Earnings Preview
• Positive Sentiment: Erste Group raised its TSMC EPS forecasts to $16.92 for fiscal 2026 and $22.26 for fiscal 2027, above the current-year consensus of $16.56. The revisions support the bullish view that earnings growth may justify the stock’s premium valuation.
• Neutral Sentiment: October 15 earnings are the immediate decision point. Investors are looking for evidence that demand remains ahead of supply, along with updated capital-spending and capacity guidance. The report could also serve as an important read-through for Nvidia and the broader AI semiconductor trade. Dear TSMC Stock Fans, Circle Oct. 15 on Your Calendar
• Negative Sentiment: Investor expectations are unusually high after a major rally: TSMC trades at roughly 32 times earnings and has risen near its annual high. Analysts caution that heavy capital expenditures could pressure free cash flow, while any earnings or guidance shortfall could trigger profit-taking.
• Negative Sentiment: A broader pullback in semiconductor-equipment stocks shows that investors are locking in gains across the AI supply chain. That risk could weigh on TSMC if enthusiasm fades or concerns grow that AI spending has already been fully priced in. Semiconductor Equipment Stocks Slide as Investors Take Profits

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $445.34 on Wednesday. The firm has a market capitalization of $2.31 trillion, a PE ratio of 32.13, a PEG ratio of 0.98 and a beta of 1.37. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $266.82 and a twelve month high of $487.47. The firm’s 50-day moving average price is $434.46 and its 200 day moving average price is $415.74. 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 (NYSE:TSM) last released its quarterly earnings data on Tuesday, June 30th. The semiconductor company reported $4.28 EPS for the quarter. The company had revenue of $39.89 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.60 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Thursday, December 10th will be issued a dividend of $1.0854 per share. The ex-dividend date is Thursday, December 10th. This represents a $4.34 annualized dividend and a dividend yield of 1.0%. This is a decrease from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $1.1136. Taiwan Semiconductor Manufacturing’s payout ratio is presently 24.96%.

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.