Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Target Raised at Needham & Company LLC

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price target upped by research analysts at Needham & Company LLC from $530.00 to $560.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 30.03% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a “hold” rating in a report on Friday, July 17th. DA Davidson boosted their price target on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Zacks Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Bank of America upped their price objective on shares of Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $528.22.

Taiwan Semiconductor Manufacturing Stock Down 3.2%

TSM stock opened at $430.69 on Thursday. 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’s 50 day simple moving average is $434.77 and its 200-day simple moving average is $416.47. Taiwan Semiconductor Manufacturing has a 12 month low of $266.82 and a 12 month high of $487.47. The firm has a market capitalization of $2.23 trillion, a PE ratio of 31.07, a P/E/G ratio of 0.92 and a beta of 1.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Tuesday, September 8th. The semiconductor company reported $4.62 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 39.25% and a net margin of 50.31%. The firm had revenue of $46.87 billion during the quarter. Equities analysts expect that Taiwan Semiconductor Manufacturing will post 16.60 earnings per share for the current fiscal year.

Insider Transactions at Taiwan Semiconductor Manufacturing

In related news, VP Bor-Zen Tien acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, July 21st. The shares were acquired at an average cost of $74.39 per share, for a total transaction of $223,170.00. Following the acquisition, the vice president directly owned 4,000 shares in the company, valued at approximately $297,560. The trade was a 300.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Shyue-Shyh Lin bought 2,000 shares of the firm’s stock in a transaction that occurred on Sunday, July 19th. The stock was bought at an average cost of $71.71 per share, for a total transaction of $143,420.00. Following the completion of the transaction, the vice president directly owned 28,269 shares of the company’s stock, valued at approximately $2,027,169.99. The trade was a 7.61% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 16,043 shares of company stock worth $1,185,746 in the last three months. Company insiders own 1.11% of the company’s stock.

Institutional Trading of Taiwan Semiconductor Manufacturing

Institutional investors have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC increased 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. Markowski Investments purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $33,000. Evolution Wealth Management Inc. lifted its position in Taiwan Semiconductor Manufacturing by 257.7% during the first quarter. Evolution Wealth Management Inc. now owns 93 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 67 shares in the last quarter. Financial Freedom LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $32,000. Finally, Lam Group Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $34,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Taiwan Semiconductor Manufacturing

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

• Positive Sentiment: TSMC posted record third-quarter net profit of approximately NT$763 billion, up 68.7% year over year and above the NT$746.3 billion analyst estimate. Revenue also exceeded expectations, supported by strong demand for advanced AI and high-performance-computing chips. TSMC posts record profit for a sixth straight quarter
• Positive Sentiment: Management issued fourth-quarter revenue guidance of $52.3 billion to $54.3 billion, well above the roughly $48.8 billion consensus estimate. Advanced technologies accounted for about 79% of wafer sales, reinforcing TSMC’s position in leading-edge semiconductor manufacturing. TSMC beats estimates as AI demand drives sales growth
• Positive Sentiment: Chief Executive Officer C.C. Wei said he sees no indication of a slowdown, suggesting that AI infrastructure demand remains robust despite concerns that technology companies may be approaching the limits of their spending boom. TSMC CEO sees no sign of a slowdown
• Neutral Sentiment: TSMC also has an approximately $2 billion agreement with GlobalFoundries to manufacture U.S. silicon interposers for advanced AI-chip packaging. The deal supports supply-chain diversification but is unlikely to materially affect near-term earnings.
• Negative Sentiment: Despite the earnings beat, investors appear concerned that much of the AI-driven growth was already reflected in TSM’s valuation. Shares trade near a historically elevated earnings multiple and below their recent high, increasing the risk of profit-taking when results fail to dramatically exceed already aggressive expectations. Why TSM stock is sliding after earnings
• Negative Sentiment: A hotter-than-expected inflation reading and slowing revenue growth reported by Anthropic extended a wider technology and AI-stock selloff. Higher interest-rate concerns and scrutiny of the enormous cost of AI infrastructure are weighing on semiconductor shares, including TSM.

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.