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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 398,518 shares.
Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock
TSMC shares recently pulled back from record highs, sliding about $7–$9 to the $395–$404 area as options activity turned cautious, with elevated implied volatility and growing demand for downside protection. Despite this, fundamentals remain strong: Q1 2026 revenue hit NT$1.134T with robust profits, the board approved a NT$7 dividend, and authorized roughly US$51B for global capacity expansion including up to US$20B for its Arizona fab, while analysts keep Buy/Outperform ratings with targets up to $490 on sustained 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: 33.41%
Average Trading Volume: 13,376,292
Current Market Cap: $1889.2B