J. Safra Sarasin Holding 13F: Cuts TSM Stake by $15M

On October 26, 2026, J. Safra Sarasin Holding cut its position in Taiwan Semiconductor Manufacturing Company Limited (TSM) by 33,806 shares. This reduction brings the total to 71,006 shares, valued at about $31.2 million, according to the fund's latest Form 13F filing with the SEC.

J. Safra Sarasin's action reflects a 32.3% decrease in its holdings for TSMC. The fund's stake now represents 1.31% of its total reported portfolio, ranking 18th among its holdings. This reduction is significant given the size of the overall fund, which has a reported value of approximately $2.37 billion.

TSM Taiwan Semiconductor Manufacturing Company Limited

$428.08 ▲ +34.99% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Other Institutional Activity in TSMC

Gf Fund Management increased its holdings in TSMC by 9,786 shares, raising its total to 34,386 shares worth about $15.7 million. Meanwhile, Sanders Capital, LLC reduced its stake by 1,910,882 shares, ending with 26,149,064 shares valued at approximately $11.1 billion. Fisher Asset Management, LLC added 247,627 shares, bringing its total to 18,866,198 shares worth about $8.0 billion.

Taiwan Semiconductor Manufacturing Company Limited Stock Up 1.4%

As of October 26, 2026, TSMC shares traded at $424.38, which is below the closing price of $428.08 on the same day. The stock is currently below its 50-day moving average by 2.2% and about 12.9% below its 52-week high of $487.47, indicating a challenging market position for the company.

Recent Earnings

TSMC reported trailing twelve-month revenue of approximately $4.94 trillion and an EPS of $15.43. The company has shown a revenue growth of 50.9% year-over-year. Its next earnings report is expected on January 14, 2027.

Dividend

TSMC pays an annual dividend rate of $3.77, which corresponds to a yield of 0.9%, with a payout ratio of 24.5%.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Bor-Zen Tien, an officer at TSMC, bought a total of 62 shares across several transactions earlier this year. The most recent purchase was of 15 shares at an average price of $390.00 on July 28, 2026, totaling $5,850.

Analysts Set New Price Targets

On October 16, 2026, Barclays maintained an Overweight rating on TSMC with a new price target of $670.00. Needham also maintained a Buy rating with a target of $560.00 on October 15, 2026. The consensus recommendation for TSMC among analysts is a strong buy, with a mean price target of approximately $584.39.

About TSMC

Taiwan Semiconductor Manufacturing Company Limited is a leading manufacturer of semiconductor devices. The company provides various fabrication processes for integrated circuits and is a key player in the technology sector, serving clients globally.

Bottom Line

Investors will be watching TSMC closely as it approaches its next earnings report on January 14, 2027. J. Safra Sarasin's recent cut in shares may signal a shift in strategy or market outlook, making future filings and performance updates particularly significant.