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Columbus Hill Capital Reduces Stake in TSMC
Columbus Hill Capital Reduces Stake in TSMC

Globe and Mail

time4 days ago

  • Business
  • Globe and Mail

Columbus Hill Capital Reduces Stake in TSMC

Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Columbus Hill Capital Management, L.P., managed by Kevin D. Eng, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund reduced its position by 28,600 shares. Recent developments for Taiwan Semiconductor Manufacturing Company Limited (TSMC) highlight strategic growth and financial robustness. TSMC announced plans to phase out its 6-inch wafer manufacturing to consolidate its 8-inch production for better efficiency. The company reported a significant revenue increase in July 2025, with a 22.5% rise from the previous month and a 25.8% increase from the previous year. Diamond Hill Capital Management increased its stake in TSMC, indicating investor confidence. Despite mixed market sentiments and recent stock volatility, analysts maintain a 'Buy' rating with a target price of $220. The stock has shown a year-to-date price performance of 24.42%, with prices fluctuating between $234.71 and $245.74. TSMC's market cap stands at approximately $1020.5 billion. Spark's Take on TSM Stock According to Spark, TipRanks' AI Analyst, TSM is a Outperform. TSMC's strong financial performance and positive earnings call sentiment are the primary drivers of its overall stock score. The company's robust revenue growth, efficient operations, and strategic positioning in advanced technologies contribute significantly. However, the high valuation and technical indicators suggest caution due to potential short-term volatility. To see Spark's full report on TSM stock, click here. YTD Price Performance: 22.97% Average Trading Volume: 11,196,196 Current Market Cap: $1022.8B Disclaimer & Disclosure Report an Issue

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