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Brandes Investment Partners LP, managed by Charles Brandes, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its position by 3,811 shares.
Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock
TSMC shares have recently traded around $362–$363, up about 2%, with elevated implied volatility and active, profitable call buying that signals expectations of sizable daily moves and reflects a strong ~17% YTD gain. Analysts remain bullish, with DA Davidson initiating coverage at Buy with a $450 target and the broader Street around $397, citing TSMC’s execution moat in leading-edge manufacturing as AI compute demand accelerates.
Fundamentally, TSMC reported a 36.8% YoY jump in January 2026 revenue and robust 2025 results, supporting a higher dividend, large employee bonuses, and approval of roughly US$45B in new capex plus up to US$30B for TSMC Global to fund aggressive AI-driven capacity expansion. Hedge fund flows were mixed, with some managers trimming stakes while Fisher Asset Management added over 313K shares, as investors weigh elite margins and strong growth against rich valuation, overbought technicals, and execution and margin risks from heavy global fab investments.
Spark’s Take on TSM Stock
According to Spark, TipRanks’ AI Analyst, TSM is a Outperform.
The score is driven primarily by excellent financial performance (elite margins, improving growth momentum, strong balance sheet) and a constructive earnings outlook with strong AI-led guidance. These positives are moderated by an extended technical setup (overbought signals) and a relatively rich valuation (P/E ~32 with low dividend yield), plus execution and margin-dilution risks tied to elevated CapEx and global/advanced-node ramp-ups.
To see Spark’s full report on TSM stock, click here.
More about Taiwan Semiconductor Manufacturing Company Limited
YTD Price Performance: 16.95%
Average Trading Volume: 12,893,497
Current Market Cap: $1552.7B