Connective Capital Management LLC Takes Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Connective Capital Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,191 shares of the semiconductor company’s stock, valued at approximately $6,300,000. Taiwan Semiconductor Manufacturing makes up about 4.6% of Connective Capital Management LLC’s investment portfolio, making the stock its 5th biggest position.

Other large investors also recently modified their holdings of the company. Quattro Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $27,000. Strategic Advocates LLC increased its holdings in Taiwan Semiconductor Manufacturing by 62.1% in the 4th quarter. Strategic Advocates LLC now owns 94 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 36 shares during the period. Basepoint Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. Finally, Evolution Wealth Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 257.7% in the 1st quarter. Evolution Wealth Management Inc. now owns 93 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 67 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded up $10.18 on Tuesday, hitting $439.09. The company had a trading volume of 13,076,862 shares, compared to its average volume of 13,496,468. The stock has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 31.68, a PEG ratio of 0.98 and a beta of 1.39. The company has a current ratio of 2.46, a quick ratio of 2.25 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $420.11 and a two-hundred day moving average of $398.63. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $246.93 and a 52 week high of $479.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share for the quarter. The firm had revenue of $39.89 billion for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.52 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Thursday, December 10th will be given a dividend of $1.0854 per share. The ex-dividend date is Thursday, December 10th. This represents a $4.34 dividend on an annualized basis and a yield of 1.0%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 25.25%.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other news, VP Lipen Yuan purchased 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $74.50 per share, for a total transaction of $74,500.00. Following the completion of the acquisition, the vice president owned 6,000 shares in the company, valued at approximately $447,000. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bor-Zen Tien purchased 3,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction dated Tuesday, July 21st. The shares were purchased at an average price of $74.39 per share, for a total transaction of $223,170.00. Following the completion of the acquisition, the vice president owned 4,000 shares of the company’s stock, valued at approximately $297,560. The trade was a 300.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 19,512 shares of company stock worth $1,450,270 in the last 90 days. 1.11% of the stock is currently owned by company insiders.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

• Positive Sentiment: AI growth and market leadership support the outlook. Taiwan Semiconductor remains a leading AI investment, retaining approximately 73% of the global foundry market. Demand for advanced nodes, including N2 and N3, as well as advanced packaging, is supporting expectations for strong revenue growth. Management has reportedly raised its 2026 revenue-growth outlook to slightly above 40%. Taiwan Semiconductor Retains 73% Foundry Share
• Positive Sentiment: TSMC is advancing adoption of ASML’s High-NA EUV technology. Taiwan Semiconductor plans to begin using ASML’s next-generation lithography systems around 2030 for advanced-chip production. The companies are also pursuing a 12-inch photomask pilot line by 2031, which could improve scanner productivity, reduce manufacturing complexity, and support future leading-edge nodes as AI chip demand grows. TSMC and Samsung Commit to ASML’s Newest Chipmaking Tools
• Positive Sentiment: Technical momentum is attracting additional investor attention. TSMC was identified as an IBD Stock of the Day after moving above an early-entry buy point during a broader semiconductor rally. Coverage also points to the company potentially reaching a $3 trillion market value before 2029 if its earnings and revenue expansion continue. TSMC, IBD Stock of the Day
• Neutral Sentiment: TSMC’s U.S. expansion has strategic benefits but raises execution concerns. The company’s roughly $265 billion U.S. investment is strengthening its political and customer relationships while diversifying production. However, overseas factories could pressure the margins that have historically made TSMC highly profitable. TSMC’s $265 Billion U.S. Bet
• Negative Sentiment: TSM’s valuation already reflects substantial optimism, with the shares near their 52-week high and trading at a premium earnings multiple. Any slowdown in AI spending, delays in advanced-node production, or weaker-than-expected returns from U.S. capacity expansion could limit further upside.

Analysts Set New Price Targets

TSM has been the subject of a number of recent analyst reports. Zacks Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Weiss Ratings upgraded shares of Taiwan Semiconductor Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. DA Davidson upped their target price on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a “positive” rating in a report on Thursday, July 16th. Finally, Stifel Nicolaus started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, September 1st. They issued a “buy” rating and a $515.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $523.22.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world’s leading dedicated semiconductor foundry. Founded in 1987 and headquartered in Hsinchu, Taiwan, the company pioneered the pure-play foundry business model, producing chips designed by other companies rather than developing and selling branded semiconductor products of its own.

TSMC manufactures semiconductor wafers using advanced and specialty process technologies.