Annex Advisory Services LLC Trims Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Annex Advisory Services LLC lessened its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 8.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,397 shares of the semiconductor company’s stock after selling 4,714 shares during the period. Annex Advisory Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $23,113,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after purchasing an additional 1,892 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $701,000. Bank of Nova Scotia grew its stake in Taiwan Semiconductor Manufacturing by 12.8% in the 2nd quarter. Bank of Nova Scotia now owns 15,697 shares of the semiconductor company’s stock worth $3,556,000 after buying an additional 1,784 shares in the last quarter. FWL Investment Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 26.5% in the 2nd quarter. FWL Investment Management LLC now owns 253 shares of the semiconductor company’s stock worth $57,000 after buying an additional 53 shares in the last quarter. Finally, Main Street Financial Solutions LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $270,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing News Roundup

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

• Positive Sentiment: July revenue climbed 44.7% year over year. TSMC reported approximately NT$467.58 billion ($14.5 billion) in July sales, up 5.6% from June. The result reinforces strong demand for AI accelerators and advanced-node manufacturing and supports management’s bullish 2026 outlook. TSMC sales surge amid buoyant AI demand
• Positive Sentiment: Analysts see additional growth from CPUs and custom AI chips. Bernstein identified agentic AI as a potential catalyst for faster CPU-market growth, while Microsoft’s planned Maia 300 expansion could generate significant additional TSMC orders. Reports suggest Microsoft is seeking capacity for hundreds of thousands of chips, with a longer-term ambition exceeding one million units. CPUs could be a new growth driver for TSMC
• Positive Sentiment: Bernstein raised its TSMC price target to $554 and maintained an Outperform rating. The revision reflects expectations for strong AI-related growth and a potentially larger CPU opportunity. Erste Group also modestly increased its FY2027 EPS estimate to $21.57 from $21.25. Bernstein spots massive CPU opportunity
• Positive Sentiment: TSMC and Sony agreed to form a $4.69 billion Japanese image-sensor joint venture. Sony will control the venture and invest about $2.92 billion, while TSMC will contribute approximately $1.77 billion. Production in Kumamoto is expected to begin in 2029, expanding TSMC’s exposure to smartphones, automobiles, robotics and physical AI. TSMC to invest in Sony image-sensor joint venture
• Neutral Sentiment: TSMC’s board approved approximately $29.4 billion in capital expenditure and a second-quarter dividend, underscoring confidence in demand but also highlighting the scale of investment required to expand advanced-chip capacity.
• Negative Sentiment: Morningstar warned of revenue uncertainty in 2028–2029 as TSMC’s AI investments must demonstrate attractive returns. Geopolitical tensions and possible tighter U.S. restrictions on advanced-chip shipments to China add further risk. TSMC faces revenue uncertainty in 2028 and 2029
• Negative Sentiment: Despite the strong sales report, investor enthusiasm has been restrained because exceptional AI growth appears largely priced in. TSMC’s elevated valuation leaves the stock vulnerable if AI spending slows or its heavy capacity expansion produces weaker-than-expected returns.

Taiwan Semiconductor Manufacturing Trading Up 0.9%

TSM stock opened at $422.38 on Wednesday. The company has a market capitalization of $2.19 trillion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.38. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $223.70 and a one year high of $479.00. The company’s 50 day moving average price is $426.20 and its two-hundred day moving average price is $388.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.25 and a current ratio of 2.46.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Tuesday, June 30th. The semiconductor company reported $4.28 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.37%. The firm had revenue of $39.89 billion during the quarter. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Shyue-Shyh Lin purchased 2,000 shares of the stock in a transaction on Sunday, July 19th. The stock was acquired at an average cost of $71.71 per share, with a total value of $143,420.00. Following the completion of the purchase, the vice president directly owned 28,269 shares of the company’s stock, valued at approximately $2,027,169.99. This trade represents a 7.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Tzu-Sou Chuang sold 200,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $69.83, for a total transaction of $13,966,000.00. Following the sale, the vice president owned 2,495,165 shares of the company’s stock, valued at approximately $174,237,371.95. The trade was a 7.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have purchased 18,312 shares of company stock worth $1,347,058 in the last 90 days. 1.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, July 6th. DA Davidson increased their target price on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Wall Street Zen downgraded Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Bank of America lifted their price target on Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $524.25.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.