TD Cowen Increases Taiwan Semiconductor Manufacturing (NYSE:TSM) Price Target to $370.00

Taiwan Semiconductor Manufacturing (NYSE:TSM) had its price target boosted by analysts at TD Cowen from $325.00 to $370.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the semiconductor company’s stock. TD Cowen’s price target would indicate a potential upside of 6.07% from the company’s previous close.

Several other brokerages have also commented on TSM. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, January 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, January 5th. Itau BBA Securities began coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They issued an “outperform” rating on the stock. Barclays reissued an “overweight” rating and issued a $450.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Finally, Cowen restated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Taiwan Semiconductor Manufacturing Stock Up 2.1%

TSM stock opened at $348.84 on Friday. The stock has a market cap of $1.81 trillion, a P/E ratio of 35.84, a P/E/G ratio of 0.77 and a beta of 1.29. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $298.57 and its two-hundred day simple moving average is $272.77. Taiwan Semiconductor Manufacturing has a 1-year low of $134.25 and a 1-year high of $351.33.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Friday, November 14th. The semiconductor company reported $14.32 EPS for the quarter. The company had revenue of $32.50 billion for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%. Analysts expect that Taiwan Semiconductor Manufacturing will post 9.2 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Stephens Consulting LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 82.0% in the fourth quarter. Stephens Consulting LLC now owns 91 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 41 shares during the period. Heartwood Wealth Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $32,000. Resources Management Corp CT ADV purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $32,000. Mid American Wealth Advisory Group Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $33,000. Finally, First Command Advisory Services Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 174.1% during the 2nd quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. 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: Blowout Q4 results — TSMC reported EPS of $3.14 vs. $2.82 consensus and revenue of $33.73B (beat), with management forecasting full‑year 2026 dollar revenue growth “close to 30%.” This beat + very strong guidance is the main catalyst behind the rally. TSMC Q4 2025 Earnings Call Transcript
• Positive Sentiment: Record profit and advanced-node strength — net income surged ~35% YoY and advanced nodes (≤7nm) accounted for the bulk of wafer revenue, supporting margin expansion and pricing power. That confirms TSMC’s leadership in AI chips. TSMC Q4 profit jumps 35% — Reuters
• Positive Sentiment: Big capex ramp — management raised 2026 capex to the $52–56B range (midpoint ~ $54B), signaling confidence in sustained AI server demand; higher spending supports revenue upside but implies multi‑year investment. Seeking Alpha: TSMC Q4 earnings analysis
• Positive Sentiment: U.S.–Taiwan investment deal and tariff relief — a trade agreement commits Taiwanese companies to ~$250B in U.S. investments and eases tariff uncertainty, improving the economics of TSMC’s U.S. expansion. That supports longer‑term share gains. Reuters: TSMC US investments / trade deal
• Positive Sentiment: U.S. capacity pick‑up — TSMC acquired additional Arizona site acreage and says early U.S. yields match Taiwan for some fabs, reducing long‑term geographic risk and supporting customer diversification. Blockonomi: TSMC expansion & trade deal
• Neutral Sentiment: Higher capex has tradeoffs — management warns depreciation will rise and overseas scale could dilute gross margin by ~2–4% over time. That offsets some near‑term EPS leverage even as revenue accelerates.
• Negative Sentiment: Capacity constraints and customer allocation — commentary and reports suggest TSMC is reaching practical capacity limits for some leading nodes (creating allocation risk for big customers like Nvidia), which could cap near‑term share gains or prompt customer diversification. Benzinga: TSMC capacity / Nvidia note
• Negative Sentiment: Analyst caution on valuation and margin pressure — some firms (e.g., TD Cowen) flag full valuation and emerging margin pressures, giving the stock a Hold despite higher price targets from other shops; expect mixed analyst reactions. TipRanks: analyst commentary

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.