Sanford C. Bernstein Issues Positive Forecast for Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price

Key Points

• Sanford C. Bernstein raised its TSMC price target to $600 from $554 and reiterated an “outperform” rating, implying 51.97% upside from the share price cited in the report.
• Analyst sentiment is broadly positive: MarketBeat’s consensus rating is “Buy,” with an average price target of $533.89; other firms have also raised targets or upgraded their ratings.
• TSMC beat quarterly earnings and revenue estimates, reporting EPS of $4.60 and revenue of $46.72 billion; revenue rose 41.2% year over year.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) had its target price upped by stock analysts at Sanford C. Bernstein from $554.00 to $600.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an "outperform" rating on the semiconductor company's stock. Sanford C. Bernstein's price objective would suggest a potential upside of 51.97% from the stock's current price.

A number of other analysts also recently issued reports on the stock. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a "hold" rating in a report on Friday, July 17th. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $575.00 to $600.00 and gave the company a "positive" rating in a report on Thursday, July 16th. Zacks Research raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Weiss Ratings raised Taiwan Semiconductor Manufacturing from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, October 21st. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $665.00 to $670.00 and gave the stock an "overweight" rating in a research report on Friday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $533.89.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $394.81 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.46 and a quick ratio of 2.25. The company has a market capitalization of $2.05 trillion, a PE ratio of 25.41, a PEG ratio of 0.82 and a beta of 1.44. Taiwan Semiconductor Manufacturing has a 1-year low of $266.82 and a 1-year high of $487.47. The business has a fifty day moving average price of $434.04 and a 200-day moving average price of $400.48.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.15. Taiwan Semiconductor Manufacturing had a net margin of 51.51% and a return on equity of 42.84%. The company had revenue of $46.72 billion during the quarter, compared to the consensus estimate of $45.67 billion. During the same quarter last year, the firm earned $2.92 earnings per share. The firm's quarterly revenue was up 41.2% compared to the same quarter last year. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing will post 17.07 EPS for the current fiscal year.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing

In related news, VP Lipen Yuan bought 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average price of $74.50 per share, for a total transaction of $74,500.00. Following the completion of the transaction, the vice president owned 6,000 shares in the company, valued at $447,000. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 7,043 shares of company stock worth $529,416 in the last three months. 1.11% of the stock is currently owned by corporate insiders.

Institutional Trading of Taiwan Semiconductor Manufacturing

Large investors have recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. grew its stake in Taiwan Semiconductor Manufacturing by 200.0% during the 3rd quarter. Fiduciary Advisors Inc. now owns 60 shares of the semiconductor company's stock worth $27,000 after buying an additional 40 shares during the last quarter. Cedar Mountain Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 88.2% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 30 shares in the last quarter. Financial Freedom LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $32,000. Markowski Investments purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $33,000. Finally, Heritage Family Offices LLP acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter worth approximately $37,000. Institutional investors own 16.51% of the company's stock.

More Taiwan Semiconductor Manufacturing News

Here are the key news stories impacting Taiwan Semiconductor Manufacturing this week:

• Positive Sentiment: ETFs bought a reported $146.2 million of TSM shares on November 3, a supportive demand signal from fund investors. Article: Taiwan Semiconductor sees $146.2 million in net ETF buying
• Positive Sentiment: Vice President Lipen Yuan bought 1,000 shares, increasing his holding by 14.29%. The purchase may signal confidence, though it is small relative to TSMC’s scale. Article: TSMC VP buys shares
• Positive Sentiment: TSMC’s position as a leading advanced-chip foundry leaves it exposed to AI demand across multiple chip designers. Analysts and commentators also point to robust AI infrastructure investment as a potential demand tailwind. Article: Better Foundry Stock: Taiwan Semiconductor vs. Intel Article: Semiconductor stocks and AI demand
• Neutral Sentiment: TSMC plans to list $450 million in green bonds in Taiwan. The financing supports environmental initiatives, but the report does not indicate a near-term change to its business outlook. Article: TSMC to list $450 million in green bonds
• Negative Sentiment: Shares are under pressure alongside a broader chip-stock selloff following reports from Lam Research and Intel. Investors are also awaiting TSMC’s November 10 monthly sales release, which will be the first update of the new quarter and must be assessed against high quarterly revenue expectations. Article: TSMC stocks move lower as November sales data approach Article: TSMC is below its recent high amid chip-stock selling

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a dedicated semiconductor foundry headquartered in Hsinchu, Taiwan. The company manufactures integrated circuits for customers that design their own chips, allowing semiconductor, electronics, and technology companies to outsource production rather than operate their own fabrication facilities.

TSMC provides wafer fabrication services across a broad range of process technologies, including advanced nodes used in high-performance computing, smartphones, automotive systems, and artificial intelligence applications.

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