Ninety One UK 13F: Cuts TSM Stake by $232M

Ninety One UK reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) during the period, according to a Form 13F filing with the SEC on October 15, 2026. Keep in mind that 13F filings are backward-looking and reflect holdings as of the end of the reporting period rather than current positions.

What Changed in Ninety One UK's Taiwan Semiconductor Manufacturing Company Limited Position

The institutional investor trimmed its position by 34.5%, selling off 507,881 shares during the quarter. That left Ninety One UK with 962,267 shares of the chipmaker. The remaining stake carried a reported value of $438,976,578.00 at the time of the filing, down from its previous holding of 1,470,148 shares.

Other Institutional Activity in Taiwan Semiconductor Manufacturing Company Limited

Other large funds also adjusted their portfolios around the same reporting period. FMR, LLC grew its holdings by -1,455,472 shares, ending with 58,937,551 shares worth about $24,318,222,054.00. Capital World Investors grew its holdings by 1,486,440 shares, ending with 34,372,274 shares worth about $14,182,343,471.00. Sanders Capital, LLC grew its holdings by -1,910,882 shares, ending with 26,149,064 shares worth about $10,789,364,913.00. JPMORGAN CHASE & CO grew its holdings by -155,904 shares, ending with 23,829,286 shares worth about $9,832,201,347.00. Blackrock Inc. grew its holdings by 1,888,086 shares, ending with 20,112,852 shares worth about $8,298,763,569.00.

Taiwan Semiconductor Manufacturing Company Limited Stock Down 3.8%

The chipmaker recently traded around $413.54 as of October 16, 2026. That puts the stock about 4.8% below its 50-day moving average of $434.48 and about 4.8% above its 200-day moving average of $394.48. Shares sit down about 15.2% from their 52-week high of $487.47 and up about 55.0% from their 52-week low of $266.82.

Recent Earnings

The company reported trailing-twelve-month revenue of $4,440,492,343,296.00 and earnings of $15.43 per share. It posted a year-over-year revenue growth rate of 36.0%, alongside a net margin of 49.9% and a return on equity of 40.0%.

Dividend

Taiwan Semiconductor offers an annualized dividend yield of 0.85%, backed by a dividend payout ratio of 25.4%.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Company insiders were active in the market earlier in the year. On April 28, 2026, officer Bor-Zen Tien bought 20 shares valued at $7,760.00. Later, on May 20, 2026, Bor-Zen Tien bought 17 shares valued at $6,718.00. On July 20, 2026, Bor-Zen Tien bought 10 shares at an average price of $405.00 for a total of $4,050.00. Additionally, Bor-Zen Tien bought 15 shares on July 28, 2026, at an average price of $390.00 for a total of $5,850.00.

Analysts Set New Price Targets

Analyst firms adjusted their views on the stock ahead of the filing. On July 27, 2026, Needham maintained its Buy rating with a $530.00 price target. Bernstein maintained its Outperform rating on August 11, 2026, raising its target to $554.00. Stifel initiated coverage on September 2, 2026, with a Buy rating and a $515.00 price target. Barclays maintained its Overweight rating on October 6, 2026, with a $665.00 price target. Needham later maintained a Buy rating on October 15, 2026, setting a $560.00 price target. Across the broader market, the stock holds a consensus strong buy rating and a mean price target of $584.39 based on 20 analyst opinions.

About Taiwan Semiconductor Manufacturing Company Limited

Headquartered in Hsinchu City, Taiwan, Taiwan Semiconductor Manufacturing Company Limited operates as a major global dedicated semiconductor foundry. The firm manufactures integrated circuits and other advanced silicon products used in computing, mobile devices, and consumer electronics worldwide.

Bottom Line

Ninety One UK's decision to trim its stake reflects portfolio adjustments made during the period covered by the filing. Investors will continue watching institutional filings and upcoming earnings reports to gauge broader sentiment toward the foundry giant.