Yahoo · Oct 23, 2026
Korea and Taiwan Built Economies on AI. One Failed IPO Shows Their Fragility.
Thetwo economies now risk entering a tech version of the “resource curse,” writes William Pesek.
TS
NASDAQ · TSM
Taiwan Semiconductor Manufacturing Company Limited
Technology · Semiconductors
$418.51
Up+$6.16 (+1.49%)
Updated Oct 24, 2026, 9:46 AM
SID Score
6.6/10
Composite research score
Smart Money
72/100
Bullish
- Market cap
- 1.58T
- P/E ratio
- 26.2
- Dividend yield
- 1.12%
- 52-week range
- $266.82 – $487.47
- Volume
- 9.49M
- Avg. volume
- 12.97M
Price performance · TSM
TSM price history
1M range · 21 trading sessions · Daily adjusted prices
Prices through Oct 23, 2026
TSM closed at $418.51 after 21 trading sessions, down 7.12% for the selected period.
- Last close
- $418.51
- Period change
- -7.12%
- Period low
- $412.35
- Period high
- $485.80
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 23, 2026 | $412.29 | $421.31 | $411.11 | $418.51 | 9.49M |
| Oct 22, 2026 | $419.39 | $421.9099 | $410.22 | $412.35 | 16.48M |
| Oct 21, 2026 | $433.14 | $435.16 | $423.74 | $431.89 | 10.72M |
| Oct 20, 2026 | $416.29 | $428.2139 | $416.12 | $425.08 | 12.54M |
| Oct 19, 2026 | $421.66 | $427.1599 | $415.5001 | $420.22 | 12.35M |
| Oct 16, 2026 | $421.22 | $421.50 | $410.58 | $412.61 | 16.68M |
| Oct 15, 2026 | $415.17 | $423.66 | $407.13 | $422.25 | 22.45M |
| Oct 14, 2026 | $436.25 | $440.39 | $428.06 | $430.00 | 15.17M |
| Oct 13, 2026 | $439.515 | $445.495 | $437.40 | $445.12 | 8.59M |
| Oct 12, 2026 | $453.55 | $454.40 | $444.35 | $444.35 | 8.87M |
| Oct 9, 2026 | $464.21 | $464.83 | $449.75 | $453.31 | 9.24M |
| Oct 8, 2026 | $466.32 | $471.19 | $452.88 | $457.99 | 13.42M |
| Oct 7, 2026 | $472.60 | $475.7992 | $471.30 | $472.20 | 7.3M |
| Oct 6, 2026 | $484.23 | $486.00 | $481.48 | $482.30 | 8.35M |
| Oct 5, 2026 | $478.77 | $487.47 | $476.4001 | $485.80 | 10.92M |
| Oct 2, 2026 | $465.64 | $474.79 | $464.10 | $472.78 | 9.93M |
| Oct 1, 2026 | $457.265 | $460.415 | $453.461 | $459.20 | 8.22M |
| Sep 30, 2026 | $456.74 | $461.87 | $454.90 | $456.19 | 8.98M |
| Sep 29, 2026 | $452.27 | $459.43 | $447.07 | $456.94 | 9.94M |
| Sep 28, 2026 | $448.39 | $455.2718 | $443.11 | $452.88 | 7.87M |
| Sep 25, 2026 | $452.395 | $455.03 | $449.01 | $450.61 | 7.76M |
Latest TSM news
The latest Smart Investors Daily articles mentioning TSM.
Stock researchCompany · Overview
Company
Market Activity
Research & News
TSM research
Overview
Company profile and research snapshot.
Company profile
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with mid-60s market share in 2024. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public in Taiwan in 1994 and as an ADR in the US in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious base of customers, including Apple, AMD, and Nvidia, that look to apply its cutting-edge process technologies to their semiconductor designs. TSMC employs more than 83,000 people.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- Buy
- Average target
- $361.25
- Implied upside
- —
- Analysts
- 43
| Date | Firm | Rating | Target |
|---|---|---|---|
| Aug 28, 2020 | New Street | Buy | — |
| Jul 24, 2020 | Macquarie | Outperform | — |
| Dec 17, 2019 | China Renaissance | Buy | — |
| Sep 30, 2019 | Goldman Sachs | Buy | — |
| Sep 5, 2019 | Morgan Stanley | Overweight | — |
News briefing
No generated briefing is available yet.
Yahoo · Oct 23, 2026
Taiwan Semiconductor Will Transition Into an Indispensible Utility of Global Computing Within 5 Years
Every AI chip, every smartphone processor, and every data center upgrade has to pass through the same tollbooth. Here is why one investor keeps buying that tollbooth without apology, and why the geopolitical risk around it changes the math less than you might expect.
Yahoo · Oct 23, 2026
As the U.S. Pulls Chip Making Back Home, the Toolmakers Win First
As new U.S. chip fabs get funded, the toolmakers and the chipmakers won't be paid at the same time. Here's where six chip stocks sit in that line.
Yahoo · Oct 23, 2026
The Foundry Disconnect: Intel Nails the Transistor, But TSMC Holds the Keys to Yield and Scale.
Intel can now build a transistor that rivals anyone in the world, yet its foundry business is bleeding billions while TSMC signs hundreds of outside customers. The two latest earnings reports expose a gap that transistor specs alone cannot close.
AI research layers
Interpretive context generated from the platform’s current data sources.
Taiwan Semiconductor Manufacturing Company Limited Stock Performance
Taiwan Semiconductor Manufacturing Company Limited (TSM) shares traded at $418.51, reflecting a 7.66% decline over the trailing one-month period but maintaining a robust 40.01% gain over the past twelve months, per SID market data. The stock currently sits below its 50-day moving average of $434.36 while holding above its 200-day moving average of $397.20, suggesting a near-term pullback within a longer-term uptrend. The 14-day relative strength index registers at 26.1, placing the stock in oversold territory according to standard technical thresholds. Over the trailing three-month window, TSM posted a modest 2.22% gain, per Massive/Polygon data. The stock carries a beta of 1.267, indicating higher volatility relative to the broader market. Average daily trading volume stands at approximately 12.97 million shares, underscoring substantial liquidity. TSM's market capitalization totals approximately $1.58 trillion.
Taiwan Semiconductor Manufacturing Company Limited Valuation Analysis
TSM currently trades at a price-to-earnings ratio of 26.20, reflecting a premium valuation consistent with the company's position as the world's leading semiconductor foundry, according to SID market data. The PEG ratio stands at 2.28, suggesting the stock's earnings growth rate does not fully offset its elevated P/E multiple at current levels. The price-to-book ratio registers at 8.35, indicating significant market premium over the company's net asset value, per SEC filings. TSM offers a dividend yield of approximately 1.29%, providing a modest income component for shareholders. Within the Technology sector, these valuation metrics position TSM at a premium relative to broader market averages, though this premium reflects the company's dominant market share in advanced chip manufacturing. The $1.58 trillion market capitalization ranks TSM among the most valuable publicly traded companies globally, underscoring investor confidence in its long-term earnings trajectory.
Smart Money Activity for TSM
Smart money indicators for TSM reflect a broadly bullish posture, with an aggregate smart money score of 72 and an overall bullish signal, per SID market data. Insider activity has been notably one-directional, with 20 insider transactions recorded over the past 90 days — all classified as purchases and zero sells — according to SEC Form 4 filings. This unanimous insider buying pattern contributed to an insider score of 21 out of 25. Institutional positioning registers at 23 out of 25, indicating strong conviction among large asset managers and hedge funds, per 13F institutional filings. Congressional trading activity also scores favorably at 19.2 out of 25, suggesting notable interest from congressional portfolios. The dark pool activity score stands at 9 out of 25, representing the weakest component of the composite smart money reading. The concentration of insider purchases with no offsetting sales over a three-month window represents a statistically significant accumulation pattern that aligns with the overall bullish institutional posture.
Taiwan Semiconductor Manufacturing Company Limited Earnings Outlook
TSM has demonstrated a consistent pattern of exceeding analyst earnings expectations across its most recently reported quarters, according to company earnings reports. In the most recent quarter, TSM reported earnings per share of $4.60 against a consensus estimate of $4.45, delivering a positive surprise of $0.15. The prior quarter showed an even more substantial beat, with actual EPS of $4.31 versus the $3.77 estimate, representing a $0.54 positive surprise. An earlier reported quarter posted EPS of $3.49 against a $3.31 consensus, a $0.18 upside surprise. For the upcoming quarter with results expected on April 20, 2026, analyst estimates project EPS of $3.27, per analyst estimates. The sequential earnings trajectory from $3.49 to $4.31 to $4.60 in reported quarters illustrates accelerating profitability. This three-quarter earnings beat streak reflects strong operational execution amid elevated demand for advanced semiconductor manufacturing.
Wall Street Analyst Ratings for TSM
Wall Street coverage of TSM has reflected consistently positive sentiment, with multiple major firms maintaining or upgrading their ratings to buy-equivalent positions, per Wall Street analyst reports. New Street initiated coverage with a Buy rating, while Macquarie upgraded TSM from Neutral to Outperform, signaling increased confidence in the company's growth trajectory. Goldman Sachs reiterated its Buy rating, and Morgan Stanley upgraded the stock from Equal-Weight to Overweight, representing a notable shift from a neutral to a bullish stance. China Renaissance also upgraded TSM from Hold to Buy, per SID consensus data. Across these five tracked analyst actions, all resulted in buy-equivalent ratings, with two representing upgrades from neutral positions, one initiation, one reiteration, and one upgrade. The absence of any sell or underweight ratings among tracked coverage reflects broad institutional consensus around TSM's competitive positioning in advanced node semiconductor manufacturing and its long-term revenue growth potential driven by AI-related demand.
