Eagle Capital Management 13F: Cuts TSM Stake by $39M

Eagle Capital Management trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited NYSE TSM during the period ended May 15, 2026, according to a Form 13F filing with the Securities and Exchange Commission. The fund cut its position by a 1.6% margin, shedding 82,031 shares to leave its total stake at 4,878,275 shares. Based on market prices around the reporting date, the remaining block of shares carried an estimated value of $2.33 billion. Institutional 13F filings look backward at holdings from a prior period and may not represent the investor's current positioning.

Position Adjustments by Eagle Capital

Eagle Capital Management held 4,960,306 shares of the semiconductor giant prior to this adjustment. By parting with 82,031 shares during the period, the firm lowered its exposure while keeping a substantial multi-billion dollar investment in the chip maker. Such portfolio tweaks happen regularly as large money managers rebalance their overall equity weights.

Stock Valuation and Market Standing

Taiwan Semiconductor shares change hands near the upper end of their yearly range, sitting close to the 52-week peak of $487.47. The equity has drawn strong interest as global demand for advanced processing hardware continues at a brisk pace. With a trailing price-to-earnings ratio of 27.4, the company commands a premium valuation supported by its dominant manufacturing market share.

Recent Earnings Performance

The foundry business reported stellar financial health in its latest updates, posting $4.44 trillion in revenue alongside a robust 36.0% revenue growth rate. Profitability metrics remain exceptionally strong, featuring a net margin of 49.9% and a return on equity hitting nearly 40.0%. Earnings per share reached $15.43, keeping the business on solid footing as it heads toward its next scheduled earnings release on October 15, 2026.

Dividend Payouts

Income-focused investors benefit from the company's regular cash distribution, which carries an annual dividend yield of 0.85%. The payout ratio sits at a conservative 25.4%, meaning the business retains the vast majority of its earnings to fund ongoing foundry expansions and next-generation research.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Company executives have been active in trading company shares over recent months. On June 15, 2026, Vice President Lipen Yuan bought 1,000 shares at $75.26 apiece, and followed up with another 1,000 shares on June 22, 2026, at $79.19. Vice President Bor-Zen Tien also added to his personal holdings, acquiring 1,000 shares on June 29, 2026, at $76.64 and another 1,000 shares on June 30, 2026, at $75.70. Meanwhile, Vice President Tzu-Sou Chuang disposed of 500,000 shares on June 24, 2026.

Analysts Set New Price Targets

Wall Street research firms remain largely upbeat on the chip manufacturer's prospects. On October 16, 2026, DA Davidson maintained its buy rating with a $500.00 price target. Needham maintained a buy rating on October 15, 2026, lifting its target from $530.00 to $560.00. Barclays kept an overweight rating on October 6, 2026, setting a target of $665.00. Earlier, Stifel initiated coverage on September 2, 2026, with a buy rating and a $515.00 target, while Bernstein kept an outperform rating on August 11, 2026, raising its target to $554.00. The stock holds a consensus strong buy recommendation with a mean price target of $584.39 across 20 analyst opinions.

About the Chip Manufacturer

Taiwan Semiconductor Manufacturing Company Limited operates as the world's leading dedicated independent semiconductor foundry. The firm manufactures advanced integrated circuits for major technology developers across high-performance computing, mobile devices, and automotive applications. Its specialized wafer fabrication processes underpin a massive share of global electronics production.

What's Ahead for Taiwan Semiconductor Manufacturing Company Limited

Market participants will monitor upcoming institutional filings to see if Eagle Capital continues trimming or stabilizes its position. The company's next earnings report in mid-October will provide a fresh look at foundry utilization rates and demand trends across artificial intelligence and smartphone hardware sectors.