First Eagle Investment Management Cuts Taiwan Semiconductor Stake

First Eagle Investment Management LLC, managed by Jean Marie Eveillard, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its position by 761,682 shares.

Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock

In recent weeks, Taiwan Semiconductor Manufacturing Company (TSMC) has announced governance and capital updates alongside active trading and options activity in its U.S.-listed shares. On January 23, 2026, TSMC refreshed the board of its major subsidiary TSMC North America, ending David Keller’s tenure and appointing Sylvia Fang and Sajiv Dalal as new directors, and separately filed a Form 6‑K showing routine December 2025 changes, including a modest 265‑share increase in Vice President Jonathan Lee’s holdings and a shift toward fixed‑income assets in its investment portfolio, with no new pledges, bond issues, or share cancellations, indicating balance-sheet stability. Options data show mixed but generally constructive sentiment: on one day, shares rose about 1.6% to roughly $331 with a low put/call ratio of 0.53, declining implied volatility, and flatter skew, signaling a modestly bullish tone, while on another day, shares traded lower around $330 with a higher skew as traders sought more downside protection. Meanwhile, high-profile investor Cathie Wood’s ARK Investment bought 5,500 TSMC shares, and analysts maintain a Buy rating with a $397 price target, supported by strong AI-driven growth prospects, elite margins, and a solid balance sheet, even as valuation appears rich and capex-related execution risks remain. TSMC’s average volume is about 12.7 million shares, its technical signal is rated Buy, and its market cap stands near $1.46 trillion.

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: 7.19%

Average Trading Volume: 12,651,931

Current Market Cap: $1463.1B