Taiwan Semiconductor Manufacturing (TSM)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from TSM's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Taiwan Semiconductor Manufacturing's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $1.34T | $1.59T | $2.26T | $2.16T | $2.89T |
| Net income | $510.7B | $592.4B | $992.9B | $851.7B | $1.16T |
| Free cash flow | $305.9B | $263.9B | $521.0B | $286.6B | $861.3B |
| EPS (diluted) | $19.70 | $22.84 | $38.29 | $32.85 | $44.67 |
| Operating margin | 42.3% | 40.9% | 49.5% | 42.6% | 45.7% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own TSM
From each investor's latest 13F filing (what a 13F shows). 28 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Philippe Laffont Coatue Management |
Trimmed | $4.3B | 8.8% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Added | $2.3B | 1.9% | Q2 2026 |
| Chase Coleman Tiger Global Management |
Trimmed | $2.3B | 9.7% | Q2 2026 |
| Boykin Curry Eagle Capital Management |
Trimmed | $2.1B | 6.5% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Trimmed | $1.8B | 3.0% | Q2 2026 |
| Andreas Halvorsen Viking Global Investors |
Trimmed | $1.5B | 4.3% | Q2 2026 |
| David Tepper Appaloosa Management |
Added | $788M | 10.2% | Q2 2026 |
| Dodge & Cox Dodge & Cox |
Added | $688M | 0.36% | Q2 2026 |
| Ruane, Cunniff & Goldfarb Ruane, Cunniff & Goldfarb |
Trimmed | $560M | 8.7% | Q2 2026 |
| Lee Ainslie Maverick Capital |
Trimmed | $340M | 3.0% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Added | $319M | 0.48% | Q2 2026 |
| Stanley Druckenmiller Duquesne Family Office |
Added | $282M | 5.4% | Q2 2026 |
Insider buying
Open-market purchases by Taiwan Semiconductor Manufacturing's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Sep 7, 2026 | Juiping Chuang VP |
50 | $76.20 | $3,810 |
| Sep 7, 2026 | Shu-Hua Fang SVP and GC |
56 | $76.20 | $4,267 |
| Sep 7, 2026 | Tzu-Sou Chuang VP |
47 | $76.20 | $3,581 |
| Sep 7, 2026 | Jun He VP |
46 | $76.20 | $3,505 |
| Sep 7, 2026 | Tzonz-Sheng Chang SVP |
53 | $76.20 | $4,039 |
| Sep 7, 2026 | Pei-Hung Chen VP |
46 | $76.20 | $3,505 |
| Sep 7, 2026 | Yung-Pei Chin EVP and Co-COO |
71 | $76.20 | $5,410 |
| Sep 7, 2026 | Min Cao VP |
56 | $76.20 | $4,267 |
| Sep 7, 2026 | Chih-Ho Chen Controller |
32 | $76.20 | $2,438 |
| Sep 7, 2026 | Yung-Chin Hou SVP and Deputy Co-COO |
61 | $76.20 | $4,648 |
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In the full deep dive
Questions
Are Taiwan Semiconductor Manufacturing insiders buying the stock?
10 open-market insider purchases of TSM in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Taiwan Semiconductor Manufacturing?
28 of the superinvestors Investingly tracks hold TSM in their latest 13F, including Philippe Laffont, Hersh Cohen, Chase Coleman.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.