Hbw Advisory Services 13F: Cuts TSM Stake by $1.4M

Hbw Advisory Services trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) during the period, according to its latest Form 13F filing with the SEC. Remember that 13F filings are backward-looking snapshots of institutional holdings as of the end of the reporting period and may not represent the firm's current position.

What Changed in Hbw Advisory Services's Taiwan Semiconductor Manufacturing Company Limited Position

The advisory firm cut its stake by 34.7% during the period, shedding 3,025 shares. That left Hbw Advisory Services holding 5,685 shares of the chip maker, down from its prior count of 8,710 shares. The remaining position carried an estimated market value of $2.59 million at the time of the filing.

Other Institutional Activity in Taiwan Semiconductor Manufacturing Company Limited

Other major institutional investors adjusted their positions in the semiconductor giant as well. FMR, LLC grew its holdings by 1,455,472 shares, ending with 58,937,551 shares worth about $24.29 billion. Capital World Investors added 1,486,440 shares for a 4.5% increase, bringing its total to 34,372,74, worth roughly $14.17 billion. Sanders Capital, LLC reduced its stake by 1,910,882 shares, or 6.8%, ending with 26,149,064 shares valued at about $10.78 billion. JPMORGAN CHASE & CO cut its position by 155,904 shares, a 0.6% drop to 23,829,286 shares worth roughly $9.82 billion. Finally, Blackrock Inc. grew its holdings by 1,888,086 shares, or 10.4%, finishing with 20,112,852 shares valued at about $8.29 billion.

Taiwan Semiconductor Manufacturing Company Limited Stock Down 3.8%

Shares of Taiwan Semiconductor trade around $412.33 on Friday, resting comfortably above the 200-day moving average of $394.48 though below the 50-day moving average of $434.48. The company boasts a market capitalization sitting above $2.18 trillion. Its 52-week trading range spans from a low of $266.82 up to a peak of $487.47. The stock carries a price-to-earnings ratio of 27.37 alongside a forward P/E of 18.35.

Recent Earnings

Taiwan Semiconductor posted robust financial numbers backed by annual revenue of $4.44 trillion and a strong revenue growth rate of 36.0%. The company generated earnings of $15.43 per share. Profitability remains a core strength, shown through a net margin of 49.9% and a return on equity of 40.0%. The next earnings update is scheduled for October 15, 2026.

Dividend

The company pays an annual dividend yielding 0.85%, supported by a conservative dividend payout ratio of 25.4%.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Company insiders executed several transactions over the summer months. On June 29, 2026, VP Bor-Zen Tien bought 1,000 shares at an average price of $76.64, totaling $76,640. The same insider bought another 1,000 shares on June 30, 2026, at $75.70 for a total value of $75,700. Earlier in the month, VP Lipen Yuan bought 1,000 shares on June 22, 2026, at $79.19, totaling $79,190. On the disposition side, VP Tzu-Sou Chuang disposed of 500,000 shares on June 24, 2026, at a price of $0.00. None of these transactions were reported as part of a Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Wall Street analysts continue to favor the stock. On October 16, 2026, DA Davidson maintained its Buy rating with a $500 price target. Needham maintained a Buy rating on October 15, 2026, raising its target from $530 to $560. Barclays kept an Overweight rating on October 6, 2026, bumping its target from $650 to $665. Stifel initiated coverage on September 2, 2026, with a Buy rating and a $515 target. Bernstein maintained an Outperform rating on August 11, 2026, lifting its target from $430 to $554. Overall consensus points to a strong buy recommendation backed by 20 analyst opinions and a mean target price of $584.39.

About Taiwan Semiconductor Manufacturing Company Limited

Taiwan Semiconductor Manufacturing Company Limited operates as a contract semiconductor foundry, manufacturing integrated circuits and advanced microchips for customers around the world. It provides critical wafer fabrication processes, including advanced logic nodes used in modern computing, smartphones, and artificial intelligence hardware. Institutional changes like Hbw Advisory Services trimming its stake arrive as the broader technology sector navigates shifting valuations and robust global chip demand.

Bottom Line

Investors should keep an eye on upcoming earnings reports and future 13F filings to track how institutional sentiment evolves. Remember that historical filing data looks backward and may not reflect current holdings.