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Hotchkis & Wiley Capital Management LLC, managed by George Davis Jr, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its position by 4,070 shares.
Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock
Taiwan Semiconductor Manufacturing Co. shares have pulled back about $7–$9 from record highs to roughly $395–$404, with options turning moderately bearish and volatility elevated as some hedge funds trim positions while others add modestly. Despite the dip, TSMC reported strong Q1 2026 results, raised its NT$7 dividend, approved over US$50B in global capacity expansion including up to US$20B for its Arizona fab, and retains Buy/Outperform ratings with price targets up to $490 driven by AI and HPC demand.
Spark’s Take on TSM Stock
According to Spark, TipRanks’ AI Analyst, TSM is a Outperform.
The score is driven primarily by exceptional profitability and a strong balance sheet, reinforced by upbeat guidance and AI/HPC-led demand. Technicals add support via a clear uptrend. Offsetting factors are a not-cheap valuation, capex-driven free-cash-flow conversion limits, and near-term margin dilution/packaging constraints highlighted on the earnings call.
To see Spark’s full report on TSM stock, click here.
More about Taiwan Semiconductor Manufacturing Company Limited
YTD Price Performance: 33.35%
Average Trading Volume: 13,552,455
Current Market Cap: $1860.1B