Guardcap Asset Management trims Taiwan Semiconductor Manufacturing stake

Guardcap Asset Management Ltd, managed by Steve Bates, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its position by 6,050 shares.

Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock

TSMC shares recently traded near $362, up about 2%, with elevated implied volatility, active call buying, and options positioning that implies sizable daily moves. Hedge funds showed mixed flows, while analysts maintain a Buy/Outperform stance with a $397 target and note the stock’s strong YTD gain around 17%.

Fundamentally, TSMC posted a 36.8% jump in January 2026 revenue and strong 2025 results, backing a higher dividend and large employee bonuses. The board approved roughly US$45B in new capex plus up to US$30B in fresh capital for TSMC Global to fund aggressive AI-driven capacity expansion, though high capex and rich valuation pose execution and margin risks.

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: 12,840,538

Current Market Cap: $1494.7B