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

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price target upped by Bank of America from $490.00 to $590.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price target would suggest a potential upside of 34.87% from the stock’s previous close.

TSM has been the topic of a number of other reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, June 17th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $500.00 to $575.00 and gave the company a “positive” rating in a research report on Monday. Zacks Research lowered Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $450.00 to $470.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $449.38.

Taiwan Semiconductor Manufacturing Trading Up 0.2%

Shares of TSM traded up $1.06 during mid-day trading on Wednesday, reaching $437.45. The stock had a trading volume of 5,643,399 shares, compared to its average volume of 13,823,033. Taiwan Semiconductor Manufacturing has a 52-week low of $220.80 and a 52-week high of $476.79. The firm has a market cap of $2.27 trillion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.36 and a beta of 1.38. The business’s fifty day moving average is $410.35 and its 200 day moving average is $360.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.49 and a quick ratio of 2.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 46.97% and a return on equity of 36.81%. The company had revenue of $30.65 billion for the quarter. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing will post 15.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Lipen Yuan acquired 1,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $79.19 per share, with a total value of $79,190.00. Following the completion of the purchase, the vice president owned 5,000 shares of the company’s stock, valued at $395,950. This represents a 25.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, VP Bor-Zen Tien acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $69.91 per share, for a total transaction of $139,820.00. Following the acquisition, the vice president directly owned 11,051 shares in the company, valued at approximately $772,575.41. This trade represents a 22.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 4,496 shares of company stock worth $327,927 over the last ninety days. Corporate insiders own 1.11% of the company’s stock.

Hedge Funds Weigh In On Taiwan Semiconductor Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of TSM. Tiger Global Management LLC grew its position in Taiwan Semiconductor Manufacturing by 49.4% in the 1st quarter. Tiger Global Management LLC now owns 5,565,074 shares of the semiconductor company’s stock valued at $1,880,717,000 after acquiring an additional 1,839,600 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 11.1% during the 4th quarter. Van ECK Associates Corp now owns 17,464,962 shares of the semiconductor company’s stock worth $5,307,428,000 after buying an additional 1,750,824 shares in the last quarter. Life Cycle Investment Partners Ltd purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $495,163,000. T. Rowe Price Investment Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 168.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,093,115 shares of the semiconductor company’s stock valued at $636,077,000 after buying an additional 1,313,917 shares during the period. Finally, SurgoCap Partners LP acquired a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth $360,443,000. 16.51% of the stock is currently 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: Analysts and market commentary continue to point to TSMC as a core beneficiary of AI spending, especially through its CoWoS advanced packaging business, which remains central to HBM-driven chip demand. Why TSMC’s CoWoS Role Keeps Taiwan Semiconductor (TSM) Central to the HBM-Driven AI Chip Boom
• Positive Sentiment: Recent revenue trends were strong, with May revenue up 30.1% year over year and year-to-date revenue up 30.0%, reinforcing confidence that AI and advanced-node demand remains robust. Why TSMC’s CoWoS Role Keeps Taiwan Semiconductor (TSM) Central to the HBM-Driven AI Chip Boom
• Positive Sentiment: Vice President Lipen Yuan bought additional TSM shares, a modest but constructive insider signal that management may remain confident in the company’s outlook. Insider trade filing
• Positive Sentiment: Multiple articles highlight bullish price-target upgrades and long-term upside potential, with some commentary suggesting TSMC could approach the $500 level by year-end if AI demand stays strong. ASML’s Chip Dominance Runs Into New Silicon Boundaries (TSM)

About Taiwan Semiconductor Manufacturing

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.