Mirova US LLC Cuts Stake in Taiwan Semiconductor Shares

Mirova US LLC, managed by Philippe Zaouati, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its position by 52,353 shares.

Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock

TSMC shares recently traded around $362, up about 2%, with elevated implied volatility and active call buying as options traders quickly profited from March $360 calls. Analysts remain broadly bullish, with DA Davidson initiating coverage at Buy and a $450 target, while the Street consensus sits near $397 amid a strong ~17% YTD gain and rich valuation.

Fundamentally, TSMC posted a 36.8% jump in January 2026 revenue and robust 2025 results, supporting a higher dividend, large employee bonuses, and about US$45B in new capex plus up to US$30B for TSMC Global to fund AI-driven capacity expansion. Hedge funds showed mixed flows, with Fisher Asset boosting its stake and others trimming positions, as investors weigh TSMC’s dominant AI foundry position against execution and margin risks from heavy global fab investments.

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: 12,893,497

Current Market Cap: $1552.7B