TSM
Taiwan Semiconductor Manufacturing Company LimitedTechnology · $2.35T market cap
Verdict
Share price
$472.78
close of Oct 3, 2026
Fair value
$235.38
Sticker Price
Payback Price
$94.15
buy price
TSM is Overpriced: at $472.78 it trades 101% above its fair value of $235.38. Its buy price (Payback Price) is $94.15, 80% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.
How we valued it
Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.
Business quality
4 of 5 clear the 10% bar. What are the Big Five?
Follow TSM
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Create a free accountSuperinvestors
23 of the investors we track hold TSM. In Q2 2026, 1 opened a position, 5 added, 9 trimmed and 1 sold out. Who we track
Chase Coleman
Tiger Global Management · as of Q2 2026
$2.3B
4,881,008 shares
First Eagle Investment Management
First Eagle Investment Management · as of Q2 2026
$1.8B
3,745,597 shares
Viking Global Investors
Viking Global Investors · as of Q2 2026
$1.5B
3,168,097 shares
David Tepper
Appaloosa Management · as of Q2 2026
$788.0M
1,650,000 shares
Dodge & Cox Funds
Dodge & Cox Funds · as of Q2 2026
$688.1M
1,440,767 shares
Show all 23 holdersShow fewer
Ruane Cunniff LP
Ruane Cunniff LP · as of Q2 2026
$560.1M
1,172,725 shares
Terry Smith
Fundsmith · as of Q2 2026
$548.5M
1,148,449 shares
Lee Ainslie
Maverick Capital · as of Q2 2026
$339.9M
711,757 shares
Sarah Ketterer
Causeway Capital Management · as of Q2 2026
$254.1M
532,052 shares
Polen Capital Management
Polen Capital Management · as of Q2 2026
$239.4M
501,210 shares
Mairs & Power Funds
Mairs & Power Funds · as of Q2 2026
$227.4M
476,245 shares
Daniel Loeb
Third Point · as of Q2 2026
$219.7M
460,000 shares
William Von Mueffling
Cantillon Capital Management · as of Q2 2026
$54.8M
114,820 shares
David Rolfe
Wedgewood Partners · as of Q2 2026
$50.4M
105,499 shares
Stephen Mandel
Lone Pine Capital · as of Q2 2026
$48.4M
101,242 shares
Prem Watsa
Fairfax Financial Holdings · as of Q2 2026
$44.7M
93,700 shares
Torray Funds
Torray Funds · as of Q2 2026
$12.6M
26,309 shares
Wallace Weitz
Weitz Investment Management · as of Q2 2026
$9.6M
20,000 shares
John Rogers
Ariel Investments · as of Q2 2026
$8.5M
17,838 shares
Jensen Investment Management
Jensen Investment Management · as of Q2 2026
$7.6M
15,884 shares
Hillman Capital Management
Hillman Capital Management · as of Q2 2026
$2.7M
5,608 shares
Richard Pzena
Pzena Investment Management · as of Q2 2026
$1.9M
4,054 shares
Francois Rochon
Giverny Capital · as of Q2 2026
$1.7M
3,655 shares
Moves in Q2 2026
New position: Terry Smith
Added: David Tepper, Polen Capital Management, John Rogers, Dodge & Cox Funds, Daniel Loeb
Trimmed: Viking Global Investors, William Von Mueffling, Stephen Mandel, Richard Pzena, Lee Ainslie, Hillman Capital Management, Francois Rochon, David Rolfe, Chase Coleman
Sold out: Duan Yongping
Insider activity
Since Jul 19, 2026: 78 open-market purchases worth $1.2M and 22 other filings (stock awards, tax withholding and similar). Why purchases matter
Purchases
Chang Tzonz-Sheng
SVP · 2026-09-07
Bought
$4K
Chen Pei-Hung
VP · 2026-09-07
Bought
$4K
Chin Yung-Pei
EVP and Co-COO · 2026-09-07
Bought
$5K
Cao Min
VP · 2026-09-07
Bought
$4K
Chen Chih-Ho
Controller · 2026-09-07
Bought
$2K
Chuang Tzu-Sou
VP · 2026-09-07
Bought
$4K
He Jun
VP · 2026-09-07
Bought
$4K
Fang Shu-Hua
SVP and GC · 2026-09-07
Bought
$4K
Chuang Juiping
VP · 2026-09-07
Bought
$4K
Hou Yung-Chin
SVP and Deputy Co-COO · 2026-09-07
Bought
$5K
Ku Yao-Ching
VP · 2026-09-07
Bought
$4K
Huang Jen-Chau
SVP and CFO · 2026-09-07
Bought
$2K
Hsu Kuo-Chin
VP · 2026-09-07
Bought
$4K
Hwang Yuan-Ko
VP · 2026-09-07
Bought
$3K
Jang Syun-Ming
VP · 2026-09-07
Bought
$4K
Lu Lee-Chung
VP · 2026-09-07
Bought
$4K
Lee Chun-Hsien
SVP · 2026-09-07
Bought
$4K
Lin Shyue-Shyh
VP · 2026-09-07
Bought
$3K
Lin Chris Horng-Dar
VP and CIO · 2026-09-07
Bought
$4K
Lu Chin-Sheng
VP · 2026-09-07
Bought
$3K
Wang Ying-Lang
SVP · 2026-09-07
Bought
$4K
Tien Bor-Zen
VP · 2026-09-07
Bought
$381
Tien Bor-Zen
VP · 2026-09-07
Bought
$3K
Wei Che-Chia
Chairman and CEO · 2026-09-07
Bought
$11K
Wu Shien-Yang
SVP · 2026-09-07
Bought
$4K
Mii Yuh-Jier
EVP and Co-COO · 2026-09-07
Bought
$5K
Yuan Lipen
VP · 2026-09-07
Bought
$3K
Zhang Kevin Xiaoqiang
SVP and Deputy Co-COO · 2026-09-07
Bought
$5K
Yeap Choh Fei
SVP · 2026-09-07
Bought
$4K
Yoo Chue-San
VP · 2026-09-07
Bought
$4K
Wu Yi-Huang
VP · 2026-09-07
Bought
$3K
Yuan Lipen
VP · 2026-08-19
Bought
$74K
Yuan Lipen
VP · 2026-08-18
Bought
$75K
Yuan Lipen
VP · 2026-08-18
Bought
$26K
Chin Yung-Pei
EVP and Co-COO · 2026-08-07
Bought
$5K
Cao Min
VP · 2026-08-07
Bought
$4K
Chen Pei-Hung
VP · 2026-08-07
Bought
$3K
Chen Chih-Ho
Controller · 2026-08-07
Bought
$2K
Chang Tzonz-Sheng
SVP · 2026-08-07
Bought
$4K
Fang Shu-Hua
SVP and GC · 2026-08-07
Bought
$4K
Chuang Juiping
VP · 2026-08-07
Bought
$4K
Hou Yung-Chin
SVP and Deputy Co-COO · 2026-08-07
Bought
$5K
Chuang Tzu-Sou
VP · 2026-08-07
Bought
$3K
He Jun
VP · 2026-08-07
Bought
$3K
Ku Yao-Ching
VP · 2026-08-07
Bought
$3K
Hwang Yuan-Ko
VP · 2026-08-07
Bought
$3K
Huang Jen-Chau
SVP and CFO · 2026-08-07
Bought
$2K
Hsu Kuo-Chin
VP · 2026-08-07
Bought
$4K
Jang Syun-Ming
VP · 2026-08-07
Bought
$4K
Lu Chin-Sheng
VP · 2026-08-07
Bought
$3K
Lee Chun-Hsien
SVP · 2026-08-07
Bought
$4K
Lin Shyue-Shyh
VP · 2026-08-07
Bought
$3K
Lu Lee-Chung
VP · 2026-08-07
Bought
$4K
Lin Chris Horng-Dar
VP and CIO · 2026-08-07
Bought
$4K
Tien Bor-Zen
VP · 2026-08-07
Bought
$513
Tien Bor-Zen
VP · 2026-08-07
Bought
$3K
Wu Shien-Yang
SVP · 2026-08-07
Bought
$4K
Wei Che-Chia
Chairman and CEO · 2026-08-07
Bought
$11K
Wang Ying-Lang
SVP · 2026-08-07
Bought
$4K
Mii Yuh-Jier
EVP and Co-COO · 2026-08-07
Bought
$5K
Yoo Chue-San
VP · 2026-08-07
Bought
$4K
Wu Yi-Huang
VP · 2026-08-07
Bought
$3K
Yuan Lipen
VP · 2026-08-07
Bought
$3K
Zhang Kevin Xiaoqiang
SVP and Deputy Co-COO · 2026-08-07
Bought
$5K
Yeap Choh Fei
SVP · 2026-08-07
Bought
$4K
Tien Bor-Zen
VP · 2026-08-03
Bought
$73K
Tien Bor-Zen
VP · 2026-07-28
Bought
$4K
Tien Bor-Zen
VP · 2026-07-28
Bought
$2K
Tien Bor-Zen
VP · 2026-07-28
Bought
$68K
Lin Shyue-Shyh
VP · 2026-07-21
Bought
$74K
Tien Bor-Zen
VP · 2026-07-21
Bought
$74K
Tien Bor-Zen
VP · 2026-07-21
Bought
$74K
Tien Bor-Zen
VP · 2026-07-21
Bought
$75K
Tien Bor-Zen
VP · 2026-07-21
Bought
$74K
Lin Shyue-Shyh
VP · 2026-07-20
Bought
$73K
Tien Bor-Zen
VP · 2026-07-20
Bought
$4K
Lin Shyue-Shyh
VP · 2026-07-19
Bought
$72K
Lin Shyue-Shyh
VP · 2026-07-19
Bought
$71K
Other filings
Chuang Juiping
VP · 2026-09-01
Award
8,175 shares
Cao Min
VP · 2026-09-01
Award
12,881 shares
Fang Shu-Hua
SVP and GC · 2026-09-01
Award
20,313 shares
Chang Tzonz-Sheng
SVP · 2026-09-01
Award
12,881 shares
Chin Yung-Pei
EVP and Co-COO · 2026-09-01
Award
32,204 shares
Show all 22 other filingsShow fewer
Chuang Tzu-Sou
VP · 2026-09-01
Award
8,175 shares
Hou Yung-Chin
SVP and Deputy Co-COO · 2026-09-01
Award
20,313 shares
He Jun
VP · 2026-09-01
Award
8,175 shares
Jang Syun-Ming
VP · 2026-09-01
Award
8,175 shares
Huang Jen-Chau
SVP and CFO · 2026-09-01
Award
20,313 shares
Hsu Kuo-Chin
VP · 2026-09-01
Award
8,175 shares
Lee Chun-Hsien
SVP · 2026-09-01
Award
12,881 shares
Lin Chris Horng-Dar
VP and CIO · 2026-09-01
Award
8,175 shares
Lu Lee-Chung
VP · 2026-09-01
Award
8,175 shares
Wang Ying-Lang
SVP · 2026-09-01
Award
12,881 shares
Mii Yuh-Jier
EVP and Co-COO · 2026-09-01
Award
32,204 shares
Wei Che-Chia
Chairman and CEO · 2026-09-01
Award
204,375 shares
Zhang Kevin Xiaoqiang
SVP and Deputy Co-COO · 2026-09-01
Award
20,313 shares
Wu Shien-Yang
SVP · 2026-09-01
Award
12,881 shares
Yoo Chue-San
VP · 2026-09-01
Award
8,175 shares
Yeap Choh Fei
SVP · 2026-09-01
Award
12,881 shares
Tseng Fang Churng
director · 2026-07-31
G-Gift
5,000,000 shares
About Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited (TSMC), along with its affiliated entities, operates globally in the semiconductor industry, specializing in the manufacturing, packaging, meticulous testing, and worldwide distribution of integrated circuits and other crucial semiconductor components. Its expansive international presence covers key markets such as Taiwan, China, Europe, the Middle East, Africa…
Semiconductors
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works