Semiconductors & Related Devices · SIC 3674
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
TSM
Foreign private issuer — financials reported in NT$ (TWD), not USD.
Latest revenue
NT$3.81T
as of 2025-12-31
Latest net income
NT$1.70T
as of 2025-12-31
Net margin
44.6%
as of 2025-12-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Semiconductors & Related Devices (88 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.
Fair value · DCF
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
Historical multiples
How does TSM's current valuation compare to its own past?
P/E uses year-end weekly close ÷ (net income ÷ shares outstanding today). Held shares constant at today's count, which understates the per-share earnings improvement from buybacks over the period. PEG uses 5y revenue CAGR as a proxy for EPS growth — close, but not identical (margin expansion or dilution can drive a wedge). Best read as a comparator across companies and industries, not as a precise replica of historical multiples.
Community sentiment
Where do you think TSM is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $10.74T
- Enterprise value
- $10.78T
- P/E (trailing)
- 6.3×
- Forward P/E
- —
- P/B
- 2.01×
- Dividend yield
- 1.3%
- 52-wk high
- $450.16
- 52-wk low
- $205.88
- Beta
- —
- Shares out
- 25.93B
5-year trend
About TSM
Business description and risk factors will appear here once TSM's latest filing is fully ingested.
Profitability
Gross margin
59.9%
6.7%Operating margin
50.8%
11.3%Net margin
44.6%
11.4%Return on equity
31.7%
16.2%Return on assets
21.4%
23.6%Leverage
Debt / equity
0.48×
16.5%Debt / assets
32.5%
11.2%Earnings tracker
Not enough quarterly history for TSM yet to draw an earnings tracker.
Industry trend
Semiconductors & Related Devices · SIC 3674
Your notes
Keep private notes on TSM — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$1.1M
Insider selling
$14.0M
Net activity
−$12.9M
Distinct insiders
29
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns TSM
Institutional value
$54.66B
Total shares held
168.9M
Distinct holders
767
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Fisher Asset Management, LLC | 18.6M | $6.29B | — | New |
| 2 | JENNISON ASSOCIATES LLC | 12.0M | $4.06B | — | New |
| 3 | UBS Group AG | 11.0M | $3.72B | — | New |
| 4 | Bank of New York Mellon Corp | 9.2M | $3.11B | — | New |
| 5 | WCM INVESTMENT MANAGEMENT, LLC | 9.3M | $2.95B | — | New |
| 6 | SANDS CAPITAL MANAGEMENT, LLC | 5.9M | $1.98B | — | New |
| 7 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 5.5M | $1.87B | — | New |
| 8 | Fiera Capital Corp | 5.2M | $1.76B | — | New |
| 9 | WELLS FARGO & COMPANY/MN | 4.6M | $1.57B | — | New |
| 10 | Invesco Ltd. | 4.0M | $1.35B | — | New |
| 11 | First Eagle Investment Management, LLC | 3.9M | $1.32B | — | New |
| 12 | Russell Investments Group, Ltd. | 3.8M | $1.27B | — | New |
| 13 | DIMENSIONAL FUND ADVISORS LP | 3.1M | $1.05B | — | New |
| 14 | CITIGROUP INC | 2.8M | $945.1M | — | New |
| 15 | Voya Investment Management LLC | 2.7M | $920.9M | — | New |
| 16 | Cantillon Capital Management LLC | 2.5M | $842.7M | — | New |
| 17 | LPL Financial LLC | 2.1M | $707.9M | — | New |
| 18 | SATURNA CAPITAL CORP | 2.0M | $673.2M | — | New |
| 19 | Legal & General Group Plc | 1.7M | $575.3M | — | New |
| 20 | DEUTSCHE BANK AG\ | 1.7M | $567.0M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once TSM's latest filing finishes processing.
Sign in to vote. Votes use 7-day half-life decay.
Sign in to tap. 7-day half-life decay.