Ninety One North America 13F: Adds $29M to TSM Stake

Ninety One North America increased its investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), adding 62,893 shares to bring its total holding to 161,824 shares. The stake was worth about $73.8 million as of the filing date. Because 13F filings look backward at holdings from the end of the reporting period, this update reflects portfolio moves made during the quarter and may not represent the fund's exact current share count today.

Inside Ninety One North America's Taiwan Semiconductor Trade

The fund expanded its position by 63.7% during the period, moving up from its previous holding of 98,931 shares. Institutional filings like these provide a window into how large asset managers adjust their portfolios across major technology holdings, though they do not disclose the exact dates trades were executed within the quarter.

Other Institutional Activity in Taiwan Semiconductor

Other major institutional investors adjusted their positions in the chip manufacturer around the same reporting window. FMR, LLC reduced its holdings by 1,455,472 shares, ending with 58,937,551 shares valued at about $24.3 billion. Capital World Investors grew its stake by 1,486,440 shares to hold 34,372,274 shares worth roughly $14.2 billion. Sanders Capital, LLC trimmed its holdings by 1,910,882 shares, leaving it with 26,149,064 shares valued at about $10.8 billion. JPMORGAN CHASE & CO cut its position by 155,904 shares to finish with 23,829,286 shares worth approximately $9.8 billion. Blackrock Inc. added 1,888,086 shares to its portfolio, holding 20,112,852 shares valued at roughly $8.3 billion.

Taiwan Semiconductor Manufacturing Company Limited Stock Down 3.8%

Taiwan Semiconductor shares recently traded around $413.54 as of October 16, 2026. The stock sits below its 50-day moving average of $434.48 while remaining above its 200-day moving average of $394.48. Over the past year, the shares have traded in a 52-week range between $266.82 and $487.47.

Recent Earnings

For its trailing twelve months, the company reported $4,440,492,343,296 in revenue and earnings of $15.43 per share. The business maintains a net margin of 49.9% alongside a return on equity of 40.0%, backed by a year-over-year revenue growth rate of 36.0%.

Dividend

Taiwan Semiconductor pays an annual dividend yielding 0.85%, supported by a dividend payout ratio of 25.4%.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Company insiders executed several small transactions ahead of the filing. Officer Bor-Zen Tien bought 20 shares on April 28, 2026, followed by 17 shares on May 20, 2026. Tien later purchased 10 shares at $405.00 per share for a total value of $4,050 on July 20, 2026, and another 15 shares at $390.00 per share worth $5,850 on July 28, 2026.

Analysts Set New Price Targets

Wall Street firms have actively updated their views on the stock. On July 27, 2026, Needham maintained its Buy rating while raising its price target to $530.00 from $480.00. Bernstein maintained an Outperform rating on August 11, 2026, lifting its target to $554.00 from $430.00. Stifel initiated coverage on September 2, 2026, with a Buy rating and a $515.00 price target. Barclays maintained an Overweight rating on October 6, 2026, bumping its target to $665.00 from $650.00. Later, on October 15, 2026, Needham maintained a Buy rating and raised its target to $560.00 from $530.00. The stock carries a consensus Strong Buy recommendation from 20 analysts, with a mean price target of $584.39.

About Taiwan Semiconductor

Taiwan Semiconductor Manufacturing Company operates as a dedicated semiconductor foundry, manufacturing integrated circuits for major technology companies globally. The company uses advanced wafer fabrication processes to build logic, mixed-signal, and radio frequency chips that power modern computing devices, mobile phones, and artificial intelligence hardware. Institutional interest from managers like Ninety One North America reflects ongoing capital allocation toward foundational semiconductor producers.

Bottom Line

Investors tracking Ninety One North America will need to wait for subsequent quarterly filings to see if the fund maintains or scales back its larger stake in the chipmaker. Market participants should also monitor upcoming earnings reports and broader sector trends affecting semiconductor demand. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.