In its latest SEC filing, Dupree Financial Group LLC disclosed a 46.5% reduction in its position in Taiwan Semiconductor Manufacturing Company Ltd. during the third quarter. The firm sold 9,110 shares, retaining 10,476 shares valued at approximately $2.93 million as of the end of the period. This move contrasts with several small institutional investors—including Heartwood Wealth Advisors LLC, Resources Management Corp CT ADV, Mid American Wealth Advisory Group Inc., First Command Advisory Services Inc. and Riggs Asset Management Co. Inc.—which collectively established new positions or added to existing stakes totaling roughly $174,000 in the second and third quarters. In aggregate, institutional ownership of TSMC stands at 16.51%.

In its fourth-quarter results announced November 14th, Taiwan Semiconductor Manufacturing reported revenue of $32.5 billion and earnings per share of $14.32. The company achieved a net margin of 45.13% and a return on equity of 36.18%, underscoring robust profitability in its foundry operations. Concurrently, the board approved an increase to the quarterly dividend, raising it to $0.9678 per share from $0.83, representing an annualized payout of $3.87 and a yield of 1.1%. The new dividend will be payable on April 9th to shareholders of record as of March 17th, lifting the payout ratio to 28.64%.

Taiwan Semiconductor has received fresh coverage from leading brokerages in recent months. Wall Street Zen upgraded its rating to Buy, while Goldman Sachs reaffirmed its Buy stance. Susquehanna raised its target price to $400, and Citigroup reiterated a Buy recommendation on January 9th. Cowen maintained a Hold rating. Of the ten analysts covering the stock, eight rate it as Buy and two as Hold. MarketBeat data indicate a Moderate Buy consensus with an average price target of $381.67, reflecting expected upside based on projected earnings growth and sustained demand for advanced semiconductor nodes.