<div id="readability-page-1"><h3>Claim 55% Off TipRanks</h3><ul><li>Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions </li><li> Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks </li></ul>Two Creeks Capital Management, managed by Ryan Pedlow, recently executed a significant transaction involving Taiwan Semiconductor Manufacturing Company Limited ((TSM)). The hedge fund increased its position by 86,829 shares. Recent Updates on Taiwan Semiconductor Manufacturing Company Limited stock Taiwan Semiconductor Manufacturing Co. shares have pulled back about $7–$9 from record highs to roughly $395–$404, with options turning moderately bearish and implied volatility elevated as traders seek downside protection even as the YTD gain stands near 38%. Despite the pullback, TSMC reported strong Q1 2026 results, raised its dividend to NT$7, approved over US$50B of global capacity expansion including up to US$20B for its Arizona fab, moved to pare its VIS stake, and retains Buy/Outperform ratings with price targets up to $490, supported by robust AI and HPC demand. Spark’s Take on TSM Stock According to Spark, TipRanks’ AI Analyst, TSM is a Outperform. The score is driven primarily by exceptional profitability and a strong balance sheet, reinforced by upbeat guidance and AI/HPC-led demand. Technicals add support via a clear uptrend. Offsetting factors are a not-cheap valuation, capex-driven free-cash-flow conversion limits, and near-term margin dilution/packaging constraints highlighted on the earnings call. To see Spark’s full report on TSM stock, click here. More about Taiwan Semiconductor Manufacturing Company Limited YTD Price Performance: 33.35% Average Trading Volume: 13,552,455 Current Market Cap: $1860.1B</div>

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Two Creeks Capital Management increased its stake in Taiwan Semiconductor Manufacturing Company by 86,829 shares. Despite a recent pullback in TSMC's stock price, the company reported strong Q1 2026 results and raised its dividend. Analysts maintain a Buy/Outperform rating with price targets up to $490, driven by AI and HPC demand, although concerns about valuation and near-term margin dilution persist.

- Two Creeks Capital Management increased its position in Taiwan Semiconductor Manufacturing Company Limited (TSM) by 86,829 shares.  
- TSM shares have experienced a pullback of $7–$9 but reported strong Q1 2026 results and raised its dividend while planning significant global capacity expansion.  
- Despite a year-to-date gain of 38%, analysts maintain a Buy/Outperform rating for TSM, citing strong demand in AI and HPC, though concerns regarding valuation and margin constraints were noted.

Two Creeks Capital Boosts Taiwan Semiconductor Stake by 86K