Covea Finance 13F: Adds $8.8M to TSM Stake

Covea Finance increased its position in Taiwan Semiconductor Manufacturing Company Limited TSM by 128.0% during the quarter, according to a Form 13F filing on October 21, 2026.

TSM Taiwan Semiconductor Manufacturing Company Limited

$426.51 ▲ +34.49% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Covea Finance's Taiwan Semiconductor Manufacturing Company Limited Position

The fund bought an additional 19,200 shares of the semiconductor giant, bringing its total holdings to 34,200 shares. The reported value of the stake reached $15,601,698 at the time of the filing, up from its previous count of 15,000 shares.

Other Institutional Activity in Taiwan Semiconductor Manufacturing Company Limited

Other large investors adjusted their positions in the chip manufacturer during the filing window. Euro Pacific Asset Management grew its holdings by 117.0 shares, ending with 2,990 shares worth about $1,229,573. Moody Lynn Lieberson & Walker sold out entirely, cutting 7,869 shares to leave its holdings at zero. Generate Investment Management grew its holdings by 89,926 shares, ending with 304,513 shares worth about $138,915,785. Pictet North America Advisors raised its holdings by 2,123 shares, ending with 180,906 shares worth about $82,527,508. Abn Amro Investment Solutions increased its stake by 79,583 shares, ending with 379,929 shares worth about $173,319,810.

Taiwan Semiconductor Manufacturing Company Limited Stock Down 1.1%

Taiwan Semiconductor Manufacturing Company Limited shares recently traded around $420.23 as of October 22, 2026, sitting below the $431.89 close recorded on the filing date. The stock has traded between a 52-week low of $266.82 and a 52-week high of $487.47. It trades below its 50-day moving average of $434.70 but remains above its 200-day moving average of $396.70.

Recent Earnings

The company posted robust trailing twelve month revenue of $4.94 trillion alongside basic earnings of $15.43 per share. Profitability remains strong with a net margin of 51.1% and return on equity of 41.9%. Revenue grew 50.9% compared to the same period last year. The firm's next earnings report is scheduled for January 14, 2027.

Dividend

Taiwan Semiconductor Manufacturing Company Limited pays an annual dividend rate of $3.77 per share, yielding 0.87% with a payout ratio of 24.5%.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Insiders completed minor transactions over the months preceding the filing, including officer Bor-Zen Tien buying small blocks of shares ranging from 10 to 20 shares between April and July 2026.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. Stifel initiated coverage with a buy rating and a $515.00 price target on September 2, 2026. Barclays maintained an overweight rating while lifting its target to $665.00 on October 6, 2026. Needham maintained a buy rating with a $560.00 target on October 15, 2026. Barclays raised its target further to $670.00 on October 16, 2026, and DA Davidson maintained a buy rating with a $500.00 target the same day. Overall, the stock carries a strong buy recommendation and a consensus target mean price of $584.39 across 20 analyst opinions.

About Taiwan Semiconductor Manufacturing Company Limited

Taiwan Semiconductor Manufacturing Company Limited operates as a contract chip manufacturer, building integrated circuits for major technology firms worldwide from its base in Hsinchu City, Taiwan. The company uses advanced wafer fabrication processes to supply essential components for modern electronics.

Bottom Line

Institutional interest in the semiconductor producer remains high as markets look ahead to the next earnings report in January 2027. Investors continue to monitor how shifting demand across global tech sectors impacts production volume and margins.