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Driehaus Capital Management LLC, managed by Richard Driehaus, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its position by 79,824 shares.
Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock
TSMC shares recently traded around $362–$375, down modestly on the day to near $365 with elevated options activity, IV around 44, and call demand signaling a cautiously bullish tone. The stock is up roughly 80% over the past year and about 17–23% YTD, supported by a 36.8% YoY January revenue jump and strong AI-driven growth expectations.
Wall Street maintains a Strong Buy view with average targets near $397–$410 and a fresh D.A. Davidson Buy rating with a $450 target, even as valuation looks rich at about 32x earnings. TSMC is planning up to US$75B in AI-focused capex for advanced nodes and packaging, while hedge-fund flows are mixed, with some firms trimming positions and others, including Soros Fund Management and Causeway, adding to holdings.
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: 19.85%
Average Trading Volume: 13,066,087
Current Market Cap: $1581.6B