---
title: "Hotchkis & Wiley trims Taiwan Semiconductor stake by 4,070 shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286659881.md"
description: "Hotchkis & Wiley Capital Management has reduced its stake in Taiwan Semiconductor Manufacturing Company by 4,070 shares. Despite a recent pullback in TSMC's stock price, the company reported strong Q1 2026 results and raised its dividend. Analysts maintain a Buy/Outperform rating with price targets up to $490, driven by demand in AI and HPC, although concerns about valuation and near-term margin dilution persist."
datetime: "2026-05-17T03:41:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286659881.md)
  - [en](https://longbridge.com/en/news/286659881.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286659881.md)
---

# Hotchkis & Wiley trims Taiwan Semiconductor stake by 4,070 shares

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Hotchkis & Wiley Capital Management LLC, managed by George Davis Jr, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its position by 4,070 shares.

**Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock**

Taiwan Semiconductor Manufacturing Co. shares have pulled back about $7–$9 from record highs to roughly $395–$404, with options turning moderately bearish and volatility elevated as some hedge funds trim positions while others add modestly. Despite the dip, TSMC reported strong Q1 2026 results, raised its NT$7 dividend, approved over US$50B in global capacity expansion including up to US$20B for its Arizona fab, and retains Buy/Outperform ratings with price targets up to $490 driven by AI and HPC demand.

**Spark’s Take on TSM Stock**

According to Spark, TipRanks’ AI Analyst, TSM is a Outperform.

The score is driven primarily by exceptional profitability and a strong balance sheet, reinforced by upbeat guidance and AI/HPC-led demand. Technicals add support via a clear uptrend. Offsetting factors are a not-cheap valuation, capex-driven free-cash-flow conversion limits, and near-term margin dilution/packaging constraints highlighted on the earnings call.

To see Spark’s full report on TSM stock, click here.

**More about Taiwan Semiconductor Manufacturing Company Limited**

**YTD Price Performance:** 33.35%

**Average Trading Volume:** 13,552,455

**Current Market Cap:** $1860.1B

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