Vaughan Nelson Investment Management, L.P. 13F: Cuts TSM Stake by $100M

Vaughan Nelson Scales Back Position in Taiwan Semiconductor

Vaughan Nelson Investment Management, L.P. trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the period, cutting its exposure to the chipmaker by 29.2% according to a Form 13F filing with the SEC. The fund parted ways with 210,095 shares during the quarter, bringing its final ownership down to 510,385 shares. Based on the reported figures, the remaining block of stock is valued at about $243.7 million. Because 13F filings look backward at institutional portfolios from the close of the reporting window, this snapshot may not represent the investor's current share count today.

Taiwan Semiconductor Stock Trades Near Peak Levels

Shares of Taiwan Semiconductor change hands close to the upper boundary of their 52-week range, reflecting strong momentum for the global foundry leader. The stock trades well above its 50-day moving average of $434.48 and sits comfortably past its 200-day moving average of $394.48. These technical levels frame a period of sustained demand for advanced processor manufacturing, even as institutional managers like Vaughan Nelson choose to harvest some gains or rebalance portfolios following major rallies in the semiconductor space.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Company insiders have also been active in the open market around Taiwan Semiconductor. On June 29, 2026, VP Bor-Zen Tien bought 1,000 shares at an average price of $76.64, totaling $76,640. The same executive picked up another 1,000 shares on June 30, 2026, at $75.70 per share. Earlier in the month, VP Lipen Yuan purchased 1,000 shares on June 22, 2026, at $79.19 per share for a total value of $79,190. Meanwhile, VP Tzu-Sou Chuang disposed of 500,000 shares on June 24, 2026. Insider transactions like these offer a window into how individual executives manage personal equity holdings.

Wall Street Analysts Maintain Positive Ratings

Analyst firms continue to monitor the chipmaker closely with upward revisions to price targets. On October 16, 2026, DA Davidson maintained its buy rating on the stock with a $500.00 price target. Needham maintained its buy rating on October 15, 2026, while raising its price target to $560.00 from $530.00. Barclays kept an overweight rating with a $665.00 price target on October 6, 2026. Overall, the stock holds a consensus recommendation of strong buy with a mean target price of $584.39 across twenty analyst opinions.

Inside Taiwan Semiconductor Manufacturing Operations

Taiwan Semiconductor Manufacturing Company Limited operates as a premier foundry, producing advanced integrated circuits and semiconductors used across high-performance computing, mobile devices, and automotive applications. Based in Hsinchu City, Taiwan, the company shapes global hardware supply chains by manufacturing cutting-edge silicon for major tech developers. Institutional shifts in ownership highlight how large investment managers continuously weigh valuation against long-term industry demand.

What to Watch Next for the Fund and Stock

Investors tracking Vaughan Nelson and Taiwan Semiconductor will look toward the next scheduled earnings report on October 15, 2026, for fresh updates on revenue and margins. Subsequent 13F filings from institutional managers will reveal whether portfolio trimming was part of a broader sector rotation or an isolated adjustment. As always, these historical filings provide a retrospective view of institutional positioning rather than active trading advice.