Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays raised its price target on TSMC to $470 (from $450) and kept an "overweight" rating, implying roughly a 25.7% upside from the prior close.
• Analyst sentiment is broadly bullish: MarketBeat shows a consensus "Buy" with an average price target of $404.29, and multiple firms (e.g., Needham, Sanford C. Bernstein, Argus) have recently upgraded ratings or increased targets.
• Fundamentals remain strong—TSMC reported Q1 EPS of $3.11 and revenue of $30.65 billion with a ~47% net margin; the stock traded around $374 (12‑month range $156–$390.20) and the company has a market cap near $1.94 trillion.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) had its price target increased by analysts at Barclays from $450.00 to $470.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the semiconductor company's stock. Barclays's target price would indicate a potential upside of 25.66% from the company's previous close.

A number of other research firms have also commented on TSM. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, January 2nd. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a report on Sunday, March 22nd. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $410.00 to $480.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Argus raised Taiwan Semiconductor Manufacturing to a "strong-buy" rating in a report on Thursday, January 15th. Finally, Dbs Bank raised Taiwan Semiconductor Manufacturing to a "moderate buy" rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Buy" and a consensus price target of $404.29.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM traded up $5.93 on Wednesday, hitting $374.01. 2,423,681 shares of the stock traded hands, compared to its average volume of 13,771,938. The business's fifty day moving average is $355.11 and its two-hundred day moving average is $323.28. Taiwan Semiconductor Manufacturing has a 12 month low of $156.00 and a 12 month high of $390.20. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.09 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.32 and a current ratio of 2.51.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 38.17% and a net margin of 46.97%.The business had revenue of $30.65 billion during the quarter. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing will post 14.62 EPS for the current fiscal year.

Insider Activity

In other Taiwan Semiconductor Manufacturing news, VP Bor-Zen Tien acquired 1,000 shares of the stock in a transaction that occurred on Sunday, March 22nd. The shares were bought at an average price of $55.93 per share, for a total transaction of $55,930.00. Following the completion of the transaction, the vice president owned 9,051 shares of the company's stock, valued at approximately $506,222.43. This represents a 12.42% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.11% of the company's stock.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Institutional investors and hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC raised its position in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 18,146,900 shares of the semiconductor company's stock valued at $5,514,662,000 after purchasing an additional 313,773 shares in the last quarter. Van ECK Associates Corp raised its position in Taiwan Semiconductor Manufacturing by 11.1% during the fourth quarter. Van ECK Associates Corp now owns 17,464,962 shares of the semiconductor company's stock valued at $5,307,428,000 after purchasing an additional 1,750,824 shares in the last quarter. Bank of America Corp DE raised its position in Taiwan Semiconductor Manufacturing by 6.5% during the fourth quarter. Bank of America Corp DE now owns 15,902,819 shares of the semiconductor company's stock valued at $4,832,708,000 after purchasing an additional 966,926 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Taiwan Semiconductor Manufacturing by 3.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 15,759,419 shares of the semiconductor company's stock valued at $4,401,448,000 after purchasing an additional 541,047 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Taiwan Semiconductor Manufacturing by 6.4% during the fourth quarter. Jennison Associates LLC now owns 13,394,299 shares of the semiconductor company's stock valued at $4,070,393,000 after purchasing an additional 802,757 shares in the last quarter. Hedge funds and other 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: Analysts and industry coverage expect TSMC to see explosive AI-led revenue growth in FY26 — Zacks highlights TSMC’s Q1 strength and projects the company could deliver >30% sales growth next year on sustained demand for advanced AI nodes. This directly supports revenue and margin upside for TSMC. TSM's AI Boom Continues
• Positive Sentiment: Zacks upgraded TSMC to a Buy (Rank #2), reflecting rising analyst optimism after Q1 results — upgrades can attract flows and validate the growth narrative. TSMC Upgraded to Buy
• Positive Sentiment: Nvidia’s CEO warned of a 2–3 year manufacturing bottleneck, implying constrained supply for leading-edge chips — a scenario that benefits dominant foundries like TSMC which control scarce advanced capacity. NVIDIA CEO on Manufacturing Bottlenecks
• Positive Sentiment: Equipment-makers’ results/expectations (e.g., Lam Research preview) and testing-equipment upgrades signal strong capex for chipmakers, supporting continued demand for TSMC’s capacity. Lam Research to Report Earnings
• Neutral Sentiment: Broader chip/rally coverage (memory makers, analyst roundups) underscores sector strength but notes valuation differentials — positive for sentiment but not unique to TSMC. Memory Stock Valuations Debate
• Neutral Sentiment: Roundups and “best AI stocks” lists (Zacks, Motley Fool) keep TSMC in focus, supporting interest and flows but not guaranteed to move the stock on their own. Zacks Investment Ideas
• Negative Sentiment: Some commentary notes that strong earnings don’t always translate into immediate share gains and that markets may be pricing TSMC like a cyclical — this can lead to profit-taking or muted reactions despite positive fundamentals. Why Great Earnings Don’t Always Boost Prices
• Negative Sentiment: Analyses arguing the market is mispricing TSMC as cyclical could pressure the stock if broader risk-off or rotation into cheaper chip names occurs. TSMC Market Pricing Analysis

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC's service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.

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