Major players increase stake in Taiwan semiconductor manufacturing

Technology: In a bold move, KBC Group NV significantly increased its stake in Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) during the third quarter. The group’s recent filing with the SEC shows that their holdings have increased by a notable 47.2%, they now own 28,572 TSM shares worth $4,962,000.

Investment activity has also been replicated by other major investors who have increased their interest in Taiwan Semiconductor. For instance, Capital International Investors increased their investment by 40.2% in the first quarter. Meanwhile, Pinestone Asset Management Inc. increased their TSM stake by a notable 116.3% in the second quarter, accumulating 7,784,316 shares worth $1,352,992,000. Similarly, Clearbridge Investments LLC increased their holdings by a notable 669.7% during the same period.

In another aggressive strategy, 1832 Asset Management L.P. increased its stake by an impressive 1,226.7% during the second quarter. Their portfolio now consists of 1,983,830 shares, valued at $344,809,000. GQG Partners LLC also increased its stake in the company by 25.1% in the first quarter.

In total, 16.51% of Taiwan Semiconductor’s stock is now owned by institutional investors and hedge funds. Looking ahead, analysts have mixed ratings, with some raising Taiwan Semiconductor’s target price and others maintaining hold positions. The increased investor interest reflects growing confidence in the company’s performance and long-term potential, as Taiwan Semiconductor continues to carve out its niche in the semiconductor industry.