Dupont Capital Management Corp reduced its holding in Taiwan Semiconductor Manufacturing by 6.7% during the third quarter, selling 6,026 shares to leave a balance of 83,277 shares. This position now represents 2.4% of the firm’s total portfolio and ranks as its 11th largest holding. At the time of the filing, the stake was valued at $23.26 million, signaling a modest reallocation away from the world’s largest contract chipmaker despite the company’s leading technology roadmap and robust earnings performance.

Several smaller investment managers have initiated or expanded positions in Taiwan Semiconductor Manufacturing over recent quarters. 1248 Management LLC and Heartwood Wealth Advisors LLC each opened stakes worth approximately $30,000, while Resources Management Corp CT ADV and Mid American Wealth Advisory Group Inc. took on new holdings of roughly $32,000 and $33,000 respectively. First Command Advisory Services Inc. more than doubled its exposure, adding 101 shares to reach a total of 159 shares valued at about $36,000. Collectively, institutional investors now account for over 16.5% of the company’s outstanding shares, underscoring broad-based confidence in long-term semiconductor demand.

Wall Street research firms have grown increasingly bullish on Taiwan Semiconductor Manufacturing. In the past quarter, Susquehanna raised its target by one-third, Sanford C. Bernstein lifted its forecast by 14%, and Barclays increased its objective by 7%. Itau BBA Securities initiated coverage with an outperform view, while Weiss Ratings maintained a buy recommendation. On average, seven analysts rate the stock as a Buy, with consensus forecasts anticipating mid-double-digit revenue growth next year driven by accelerating demand for advanced process nodes in artificial intelligence and high-performance computing applications.