Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Target Raised at Barclays

Key Points

• Barclays raised TSMC’s price target from $650 to $665 and maintained an “overweight” rating, implying approximately 37.5% upside from the cited share price.
• TSMC shares were trading near their 12-month high at $483.63, while analysts maintained a broadly bullish view: the stock had an average “Buy” rating and a consensus price target of $524.89.
• The company reported $4.28 in quarterly EPS, $39.89 billion in revenue, a 50.31% net margin and 39.25% return on equity; insiders also purchased shares during the prior 90 days.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) had its price target hoisted by analysts at Barclays from $650.00 to $665.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the semiconductor company's stock. Barclays's price target points to a potential upside of 37.50% from the company's current price.

A number of other brokerages have also recently commented on TSM. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, July 6th. Zacks Research raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. DA Davidson boosted their price objective on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Friday, July 17th. Bank of America raised their target price on shares of Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Finally, Needham & Company LLC lifted their price target on shares of Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the company a "buy" rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $524.89.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM traded down $2.17 on Tuesday, reaching $483.63. The company's stock had a trading volume of 2,640,972 shares, compared to its average volume of 13,083,493. The stock's 50 day simple moving average is $427.31 and its two-hundred day simple moving average is $410.67. 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 stock has a market capitalization of $2.51 trillion, a P/E ratio of 34.89, a PEG ratio of 1.05 and a beta of 1.37. Taiwan Semiconductor Manufacturing has a 12-month low of $266.82 and a 12-month high of $487.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 EPS for the quarter. The business had revenue of $39.89 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 39.25%. Research analysts forecast that Taiwan Semiconductor Manufacturing will post 16.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing

In other news, VP Shyue-Shyh Lin bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The shares were bought at an average cost of $74.13 per share, for a total transaction of $74,130.00. Following the completion of the transaction, the vice president owned 30,269 shares of the company's stock, valued at approximately $2,243,840.97. This represents a 3.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Bor-Zen Tien purchased 1,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $73.06 per share, with a total value of $73,060.00. Following the acquisition, the vice president directly owned 14,051 shares in the company, valued at $1,026,566.06. This represents a 7.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 14,559 shares of company stock worth $1,067,931. Insiders own 1.11% of the company's stock.

Institutional Trading of Taiwan Semiconductor Manufacturing

Several hedge funds have recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $27,000. Strategic Advocates LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 62.1% in the 4th quarter. Strategic Advocates LLC now owns 94 shares of the semiconductor company's stock worth $28,000 after buying an additional 36 shares in the last quarter. Evolution Wealth Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 257.7% in the 1st quarter. Evolution Wealth Management Inc. now owns 93 shares of the semiconductor company's stock worth $31,000 after buying an additional 67 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 88.2% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 64 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 30 shares during the last quarter. Finally, Financial Freedom LLC bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $32,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Key Taiwan Semiconductor Manufacturing News

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

• Positive Sentiment: Elon Musk confirmed that discussions are taking place with TSMC regarding “Terafab,” a proposed Texas chip-manufacturing venture serving Tesla, SpaceX and xAI. Although the talks are preliminary and no agreement has been announced, investors viewed the potential relationship as a significant new growth opportunity. Musk confirms talks with TSMC over Terafab chip plant
• Positive Sentiment: TSMC’s record monthly sales and strong demand from Nvidia, Apple and other advanced-chip customers have reinforced expectations for substantial third-quarter revenue growth. Investors also anticipate that the company’s 2nm ramp could support longer-term earnings and pricing power. TSMC Is Set Up for a Big October 15
• Positive Sentiment: Several recent commentaries describe TSMC as a core beneficiary of the AI infrastructure buildout and a high-quality alternative to chip designers such as Nvidia. Jim Cramer also expressed support for the company, adding to favorable investor sentiment. Is Taiwan Semiconductor the Best AI Stock to Buy Now?
• Neutral Sentiment: Analysts and options traders are focused on the October 15 earnings release. The market appears to expect strong results, meaning the stock’s next move may depend more on management’s margin guidance and outlook than on the quarterly revenue and earnings figures alone. TSMC Stock Forecast
• Negative Sentiment: TSMC’s elevated valuation leaves less room for disappointing guidance. Investors are concerned that overseas factories and the costly 2nm production ramp could dilute margins, while heavy reliance on Nvidia, Apple and other major customers creates concentration risk. How Much Overseas Factory Cost Can TSMC’s Valuation Absorb?

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited NYSE: TSM, commonly known as TSMC, is a Taiwan-based semiconductor manufacturer and the world's largest dedicated semiconductor foundry. Founded in 1987 by Morris Chang, the company pioneered the pure-play foundry model, producing chips designed by other companies rather than selling products under its own semiconductor brand.

TSMC manufactures a broad range of integrated circuits, including advanced logic chips used in high-performance computing, smartphones, automotive systems, communications equipment, and consumer electronics.

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