Penobscot Investment Management Company 13F: Adds $604K to TSM Stake

Penobscot Investment Management Company increased its position in Taiwan Semiconductor Manufacturing Company Limited (TSM) by 1,324 shares in a filing on October 26, 2026. This boost brings its total holdings to 11,742 shares, valued at approximately $5.36 million. The report comes from the fund's latest Form 13F filing with the SEC.

TSM Taiwan Semiconductor Manufacturing Company Limited

$437.58 ▲ +37.99% year to date

1M 3M YTD

Daily close · Oct 27, 2026

What Changed in Penobscot Investment Management's TSM Position

Penobscot Investment's stake grew by 12.7%, reflecting a notable addition to its investment in TSMC. The fund's total reported value for this position is about $638.8 million, with TSMC now making up 0.84% of its overall portfolio. This position ranks 27th among the 322 holdings in the fund's reported 13F.

Where TSMC Fits in Penobscot Investment's Portfolio

TSMC is a relatively small position in Penobscot's portfolio, but the increase indicates growing confidence in the company.

Other Institutional Activity in TSMC

On the same day as Penobscot's filing, several other funds also adjusted their stakes in TSMC. Gf Fund Management added 9,786 shares, bringing its total to 34,386 shares worth about $15.7 million. Meanwhile, J. Safra Sarasin Holding reduced its holdings by 33,806 shares, leaving it with 71,006 shares, and Marathon Asset Management cut its stake by 16,563 shares, ending with 61,503 shares.

Taiwan Semiconductor Manufacturing Company Limited Stock Up 4.4%

TSMC shares recently traded around $436.88 as of October 28, 2026, which is above the event close of $424.37 on October 26. This price is approximately 2.9% higher than the event close, and the stock is above both its 50-day moving average of $434.08 and its 200-day average of $398.16.

Recent Earnings

TSMC reported trailing twelve-month revenue of approximately $4.94 trillion and an EPS of $15.43. The company has shown strong performance with a year-over-year revenue growth of 50.9%. The next earnings report is set for January 14, 2027.

Dividend

TSMC pays an annual dividend of $3.77 per share, translating to a yield of 0.89%. The payout ratio is 24.5%, indicating a healthy balance between returning value to shareholders and reinvesting in growth.

Analysts Set New Price Targets

On September 2, 2026, Stifel initiated coverage of TSMC with a Buy rating and a target price of $515. Barclays maintained an Overweight rating with a revised target of $670 on October 16, 2026. The consensus among analysts is a strong Buy rating, with a mean price target of $584.39.

About TSMC

Taiwan Semiconductor Manufacturing Company Limited is a leading semiconductor manufacturer that produces integrated circuits and other semiconductor devices. The company serves a global market, including regions like the U.S., Europe, and Asia, and plays a critical role in the technology sector.

Bottom Line

Investors will be watching TSMC closely as it approaches its next earnings date on January 14, 2027. The recent moves by Penobscot and other funds could signal confidence in TSMC's performance amidst a dynamic market landscape.