Alta Capital Management Llc/ 13F: Cuts TSM Stake by $4.9M

On October 26, 2026, Alta Capital Management reduced its stake in Taiwan Semiconductor Manufacturing Company (TSM) by 10,751 shares, bringing its total holdings to 59,525 shares valued at approximately $27.2 million. This information comes from the fund's latest Form 13F filing with the SEC.

TSM Taiwan Semiconductor Manufacturing Company Limited

$428.08 ▲ +34.99% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Alta Capital Management's TSM Position

In the filing, Alta Capital Management reported a 15.3% decrease in its TSMC shares, down from 70,276 shares. The total value of its position in TSMC is now about $27.2 million, which represents 2.55% of the fund's overall portfolio.

Where TSMC Fits in Alta Capital Management's Portfolio

TSMC ranks 10th among Alta Capital Management's 215 reported positions. The reduction in shares represents a notable cut, as the fund's TSMC investment is estimated to have changed in value by approximately $4.9 million.

Other Institutional Activity in TSMC

Several other funds also adjusted their positions in TSMC on the same day. J. Safra Sarasin Holding cut its stake by 33,806 shares, bringing its total to 71,006 shares valued at about $31.2 million. Marathon Asset Management reduced its holdings by 16,563 shares, resulting in 61,503 shares worth approximately $28.1 million. In contrast, Gf Fund Management increased its position by 9,786 shares, now holding 34,386 shares valued at around $15.7 million.

Taiwan Semiconductor Manufacturing Company Limited Stock Up 1.4%

As of October 26, 2026, TSMC shares recently traded around $424.38, which is 0.9% below the closing price of $428.08 on that day. The stock is also below its 50-day moving average of $434.08 and its 52-week high of $487.47, but remains above its 52-week low of $266.82.

Recent Earnings

TSMC reported trailing twelve-month revenue of approximately $4.94 trillion and an EPS of $15.43. The next earnings report is expected on January 14, 2027.

Dividend

TSMC pays an annual dividend rate of $3.77, giving it a yield of 0.89% based on recent trading prices.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Bor-Zen Tien, an officer at TSMC, made multiple purchases earlier this year, acquiring a total of 62 shares across four transactions, with the most recent being on July 28, 2026. The total value of these purchases was approximately $16,378.

Analysts Set New Price Targets

On October 16, 2026, Barclays maintained an Overweight rating on TSMC with a price target of $670. Other firms, including Needham and Stifel, have also rated the stock positively, with targets of $560 and $515, respectively. The consensus among analysts is a strong buy, with a mean price target of about $584.39.

About TSMC

Taiwan Semiconductor Manufacturing Company Limited, headquartered in Hsinchu City, Taiwan, is a major player in the semiconductor industry. It manufactures integrated circuits for various applications, providing essential technology for many sectors globally.

Bottom Line

Investors should keep an eye on TSMC's upcoming earnings report on January 14, 2027, and monitor any further adjustments from institutional investors in the lead-up to that date.