Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Holdings Cut by Makena Capital Management LLC - MarketBeat

Taiwan Semiconductor Manufacturing Company (TSMC), the world's leading pure-play semiconductor foundry, continues to demonstrate strong operational performance in Q4 2026. Although Makena Capital Mana... Read original →

Despite selective institutional divestments like Makena Capital’s 9.1% stake reduction, market confidence in TSMC remains robust. As the undisputed leader in advanced nodes (3nm, EUV), TSMC dominates AI chip foundry services, with strong Q4 revenue and consistent dividends underscoring its pricing power and cash flow strength. Notably, new entrants like Maseco LLP and significant stake increases by firms such as Stephens Consulting signal strategic investor alignment with TSMC’s role as the backbone of AI infrastructure. Its joint venture with Sony Semiconductor to develop next-gen image sensors not only diversifies TSMC’s technology portfolio beyond logic chips but also cements its strategic presence in Japan’s supply chain. While Samsung and Intel are accelerating their foundry ambitions, TSMC’s superior yield rates, scale, and ecosystem lock-in maintain a wide competitive moat. Wall Street’s consensus 'buy' ratings and elevated price targets reaffirm TSMC’s irreplaceable position in the AI-driven semiconductor upcycle.