Trust Co of Vermont 13F: Adds $1.5M to TSM Stake
Key Points
- Trust Co of Vermont increased its holdings in Taiwan Semiconductor Manufacturing Company Limited by 3.2% to end with 103,720 shares valued at approximately $47.3 million.
- Taiwan Semiconductor recently traded around $420.23, sitting below its 50-day moving average while maintaining a strong trailing net profit margin of 51.1%.
- Wall Street analysts maintain an optimistic outlook on the stock, led by recent target adjustments from firms like Barclays and Needham ahead of January earnings.
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Trust Co of Vermont increased its stake in Taiwan Semiconductor Manufacturing Company Limited TSM by 3,258 shares, according to a Form 13F filing with the SEC on October 21, 2026. The stock closed at $431.89 on the filing date.
TSM
Taiwan Semiconductor Manufacturing Company Limited
Trust Co of Vermont vs. the S&P 500
Hypothetical returns from Trust Co of Vermont's disclosed trades, not real profit or advice. How we model this.
What Changed in Trust Co of Vermont's Taiwan Semiconductor Manufacturing Company Limited Position
The firm grew its investment by a 3.2% margin during the period. That brought its total holdings to 103,720 shares, up from the previous count of 100,462 shares. The reported value of the position stood at $47,316,027.
Other Institutional Activity in Taiwan Semiconductor Manufacturing Company Limited
Other major funds also adjusted their exposure to the semiconductor manufacturer recently. Generate Investment Management grew its holdings by 89,926 shares, ending with 304,513 shares worth about $138,915,785. Assenagon Asset Management S.A. grew its position by 690,523 shares to hold 1,717,515 shares valued at approximately $783,513,168. Carrhae Capital lifted its holdings by 92,554 shares, finishing with 507,110 shares valued at about $231,338,511. Y-Intercept expanded its stake by 82,266 shares, resulting in 113,073 shares worth roughly $51,582,772. Meanwhile, Hbw Advisory Services trimmed its position by 3,025 shares, ending with 5,685 shares valued at about $2,593,431.
Taiwan Semiconductor Manufacturing Company Limited Stock Down 1.1%
The company's shares recently traded around $420.23 as of October 22, 2026, sitting down about 2.7% from the filing date close. The stock trades below its 50-day moving average but remains above its 200-day moving average. It has traded between a 52-week low of $266.82 and a 52-week high of $487.47.
Recent Earnings
The chipmaker reported trailing-twelve-month revenue of $4,944,817,029,120 and basic earnings of $15.43 per share. The business generated a net profit margin of 51.1% alongside a return on equity of 41.9%. Year-over-year revenue growth reached 50.9%. The company's next earnings report is scheduled for January 14, 2027.
The firm operates with a price-to-earnings ratio of 27.99 and a forward price-to-earnings ratio of 18.47. Current and quick ratios stand at 2.51 and 2.29, respectively, with a debt-to-equity ratio of 11.62.
Dividend
Eligible shareholders receive an annual dividend rate of $3.77 per share, translating to a dividend yield of 0.87%. The payout ratio sits at 24.5%.
Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited
Company insiders executed modest open-market transactions earlier in the year. Officer Bor-Zen Tien bought 20 shares on April 28, 2026, 17 shares on May 20, 2026, 10 shares at $405.00 per share on July 20, 2026, and 15 shares at $390.00 per share on July 28, 2026.
Analysts Set New Price Targets
Wall Street firms updated their views on the equity ahead of the filing. Stifel initiated coverage on September 2, 2026, with a Buy rating and a $515.00 price target. Barclays maintained an Overweight rating on October 6, 2026, lifting its target from $650.00 to $665.00. Needham maintained a Buy rating on October 15, 2026, raising its target from $530.00 to $560.00. Barclays returned on October 16, 2026, to maintain an Overweight rating while bumping its target to $670.00. DA Davidson also maintained a Buy rating with a $500.00 target on October 16, 2026. The stock currently holds a consensus recommendation of strong buy across 20 analyst opinions, with a mean price target of $584.39.
About Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited operates contract chip fabrication facilities. It manufactures integrated circuits for major technology firms worldwide, utilizing advanced manufacturing processes for logic, mixed-signal, and radio frequency applications. The firm plays a central role in the global electronics supply chain by producing processors for computers, smartphones, and artificial intelligence hardware.
Bottom Line
Institutional interest in the manufacturer remains broad as market participants await the next financial update in January 2027. Observers will track upcoming 13F filings to see if funds continue adding to their positions near current price levels.
Related Filing Alerts
Source: Trust Co of Vermont's 13F filing on $TSM (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts