TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD

NEUTRAL Impact: 2/10 Insider Cluster (3 insiders)
Horizon days Filed May 21, 2026 Processed 18d 19h ago
Insider cluster: 2 insiders, $14.0M total
Latest settled — T+5d
TSM ▲ +4.64% at T+5d
NEUTRAL call ✓ call won +4.64% · α vs SPY +3.04% · entry $406.01 → $424.86
Next anchor: T+20d in 12d
Last close $426.80 (close Jun 8) · +5.12% from $406.01 entry
Entry anchored
May 21, 06:39 AM ET
via Databento tick
T+1d
-0.44%
call -0.44% · α -0.88%
$404.23
settled 19d ago
T+5d
+4.64%
call +4.64% · α +3.04%
$424.86
settled 12d ago
T+20d
call — · α —
in 12d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

A cluster of insider trades at TSMC shows a VP making small open-market purchases totaling ~$77K while another VP sold $14.0M worth of shares. The sale is material in absolute terms but represents only ~0.0007% of TSMC's $2.1T market cap, making it trivial relative to company size. The purchases are too small to signal conviction, and the sale is likely liquidity-driven given TSMC's massive market cap and the seller's VP role.

Key Financial Metrics

Direction
mixed
Total Value
$14.0M
Insiders
3

Actionable Insight

This cluster is routine and non-informative. The $14M sale by a VP is trivial relative to TSMC's $2.1T market cap and the small purchases by another VP lack conviction. No trading signal. Monitor TSMC's next earnings release for fundamental updates.

Key Facts

  • VP Tien Bor-Zen purchased a total of 1,017 shares for ~$76,698 across three open-market buys on May 19-20, 2026.
  • VP Chuang Tzu-Sou sold 200,000 shares for $13.97M in a single open-market sale on May 19, 2026.
  • Total cluster value of $14.0M is ~0.0007% of TSMC's $2.1T market cap — well below the 0.1% materiality threshold.
  • EVP Mii Yuh-Jier had a non-cash transaction (150,000 shares at $0) on May 22, 2026, which has no economic impact.
  • The sale by Chuang Tzu-Sou is large in absolute dollars but routine for a $2.1T company and likely reflects diversification or tax planning, not a bearish signal.

Financial Impact

Total insider sales of $14.0M represent 0.0007% of TSMC's $2.1T market cap — immaterial. Purchases of $77K are negligible.

insider trading volume

Risk Factors

  • No material insider signal — the cluster does not indicate any change in business outlook.
  • The sale could be part of a 10b5-1 plan or routine diversification, not a bearish view.

Market Snapshot

Exchange
OTC
Sector
Semiconductors & Related Devices
Analyst Consensus
95% bullish (43 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-TSM-1779445820980
15 reports for TSM
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for TSM — sortable, filterable
Type Now
Jun 9, 2026
today
Insider Cluster
BULLISH ★ 6/10
$426.50 awaiting T+5awaiting T+5$426.80 (+0.07%)
Jun 9, 2026
today
Insider Cluster
NEUTRAL ★ 2/10
$426.21 awaiting T+5awaiting T+5$426.80 (+0.14%)
Jun 9, 2026
today
Insider Cluster
BULLISH ★ 5/10
$426.20 awaiting T+5awaiting T+5$426.80 (+0.14%)
Jun 9, 2026
today
Insider Cluster
NEUTRAL ★ 2/10
$426.20 awaiting T+5awaiting T+5$426.80 (+0.14%)
Jun 9, 2026
today
Insider Cluster
BULLISH ★ 5/10
$426.12 awaiting T+5awaiting T+5$426.80 (+0.16%)
May 26, 2026
14d ago
6-K
NEUTRAL ★ 2/10
$412.32 $446.60▲ +8.31%▲ +7.10%$426.80 (+3.51%)
May 21, 2026
19d ago
Insider Cluster
NEUTRAL ★ 2/10
$406.01 $424.86▲ +4.64%▲ +3.04%$426.80 (+5.12%)
May 21, 2026
19d ago
Insider Cluster
NEUTRAL ★ 2/10
$406.01 $418.25▲ +3.01%▲ +1.17%$426.80 (+5.12%)
May 19, 2026
21d ago
Insider Cluster
NEUTRAL ★ 2/10
$392.12 $421.37▲ +7.46%▲ +5.16%$426.80 (+8.85%)
May 8, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$411.27 $417.72▲ +1.57%▲ +0.11%$426.80 (+3.78%)
Showing 10 of 15

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