Intermede Investment Partners trims Taiwan Semiconductor stake

Intermede Investment Partners Ltd, managed by Barry Dargan, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its position by 27,099 shares.

Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock

TSMC shares recently traded near $362.51, up about 2%, with elevated implied volatility and strong options interest, while a Mar-26 360 call buy quickly gained 31% as the stock rose from $342.56 to $348.85. Fundamentally, TSMC posted a 36.8% year-on-year jump in January 2026 revenue to NT$401.26 billion and reported robust 2025 results with NT$3.81 trillion in revenue and NT$1.72 trillion in net income.

The board approved a NT$6 per-share Q4 2025 dividend, large employee bonuses, and roughly US$44.96 billion in new capex alongside plans for up to US$30 billion in fresh capital for subsidiary TSMC Global. Analysts remain bullish with a Buy rating and $397 target, citing strong AI-driven growth and margins despite rich valuation and heavy investment in new fabs and advanced nodes.

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: 12,788,500

Current Market Cap: $1463.4B