According to its latest 13F filing, Delta Investment Management LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Ltd. by 11.5% during the third quarter, selling 2,820 shares and ending the period with 21,692 shares. This holding represented 1.1% of Delta’s total portfolio and ranked as its 26th largest position. The firm’s stake was valued at approximately $6.06 million as of the filing date. The move contrasts with several smaller institutional entrants, including Heartwood Wealth Advisors LLC and Resources Management Corp CT ADV, each initiating buy positions of roughly $32,000, while First Command Advisory Services Inc. boosted its holding by 174.1% to 159 shares valued at $36,000. Hedge funds and other institutions now account for 16.51% of TSMC’s outstanding shares.

TSMC has confirmed progress toward mass production on its 2 nanometer node, reinforcing its leadership in the most advanced process technologies. At the same time, the foundry has been asked by a major customer to ramp output of next-generation AI accelerators to meet surging orders from China, potentially adding capacity utilization pressure throughout 2026. These developments support TSMC’s near-term wafer shipments and underpin management’s long-term margin expansion targets, as advanced-node volume now contributes roughly three-quarters of wafer revenues and carries higher gross margins than mature-node output.

In its most recent quarter, TSMC reported record quarterly earnings per share of $14.32, delivering a net margin of 43.7% and a return on equity of 34.3%. The board approved a quarterly dividend of $0.9678 per share, up from $0.83, marking an annualized yield of approximately 1.3% and raising the payout ratio to 25.85%. Equities research firms have grown more bullish, with seven analysts now rating the stock a ‘buy’ and consensus revenue forecasts implying mid-30% annual growth over the next three to five years. Industry reports highlight continued capital expenditure plans by hyperscalers exceeding $600 billion in 2026, which should translate into sustained order flow for TSMC’s advanced manufacturing services.