Manning & Napier Cuts Taiwan Semiconductor Stake by 91K

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Manning & Napier Advisors LLC, managed by Bill Manning, has reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (TSM) by 91,634 shares. Despite this reduction, analysts remain bullish on TSM, with price targets up to $490, citing strong demand driven by AI/HPC and new process plans. Spark, TipRanks’ AI Analyst, rates TSM as Outperform due to exceptional profitability, a strong balance sheet, and a clear uptrend, although noting valuation and capacity constraints as offsetting factors.

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